Spot prices
Thursday, Dec 15, 2011
News
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 15, 2011 (change from Dec. 8 in brackets):
Canadian Mining Hall of Fame adds overflow room for induction ceremony
Nothing succeeds like success. Due to the continued demand for tickets to the sold-out 24th Annual Canadian Mining Hall of Fame Induction Dinner at the Fairmont Royal York Hotel in…
Transition to gold
When Scott McLean packed up and left Xstrata (XTA-L) after a long and illustrious career with Falconbridge, he knew exactly what he wanted to do with his time: Find another world class mine.
Avion triples Hounde resource to 1.6M oz. gold
In less than two years, Avion Gold (AVR-T) has turned a group of early stage mineral concessions in Burkina Faso into a 1.6-million-oz. gold project, with management convinced of its further potential for growth.
Abacus advances its Ajax copper-gold project
Abacus Mining & Exploration (ame-v) has painted an interesting prospect at its joint-ventured Ajax copper-gold project near Kamloops, B.C., with a feasibility study showing the project could support a 60,000-tonne-per-day operation…
Claude finds more gold deep at Madsen
Claude Resources (CRJ-T, CGR-N) went deeper at its Madsen Project near Red Lake and found more high grade gold.
Short Position Report
Salmon River posts resource at Mt. Manning North
The Mt. Manning iron ore deposit in the Yilgarn region of Western Australia has inferred resources of 124 million tonnes grading 25.4% iron at a cut-off grade of 20% iron, reports Salmon River Resources (SAL-V).
Anglo American meets organic growth milestones
Over the last year Anglo American (AAL-L) has commissioned three of its four major growth projects in three different metals: iron ore, nickel and copper.
Richmont adds ounces at Monique and Wasamac
Vancouver – Richmont Mines (RIC-T) has released a resource estimate for its potentially near-term producing Monique gold deposit in Quebec shortly after issuing a resource update at Wasamac.
Welsh gold – the ‘rarest gold in the world’
London, U.K. – If you’re looking for expensive gold jewellery this holiday season -not just any old gold jewellery, mind you, but gold of such fine quality and such rarity as befits a royal family – you might want to consider passing on Welsh…