People
Aurizon Mines – David Hall resigning as president & CEO on Aug. 15, but will continue as chairman; George Paspalas to be appointed president and CEO on Aug. 15.
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Market news
Toronto Stock Exchange
Spot prices
Tuesday, July 4, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 4, 2011 (change from June 27 in brackets):
Producer and dealer prices
Antimony: Mid-mkt US$13,000.00/t
Stornoway puts the pieces in place at Renard
Everything is coming together for Stornoway Diamond (SWY-T) at its Renard project in Quebec.
Positive scoping study for Vaaldiam’s B3
Brazil-focused Vaaldiam Mining (VAA-T) has released a scoping study for its Braüna JV, in Bahia state, that estimates it would cost US$25 million to build a mine that would produce a total of 573,000 carats over a five-year mine life.
Lucara harvests high-value stones at Mothae
The first diamond tender from Lucara Diamond’s (LUC-V) 75%-owned Mothae mine, in Lesotho, brought in $8.2 million for 9,381 carats of stones earlier this year.
Shore’s star-orion feasibility set for Q2
Shore Gold (SGF-T) is on track to complete a feasibility study for the Star-Orion South project, in Saskatchewan, next month, and senior vice-president exploration and development George Read believes the numbers will be strong.
Daily metal prices
DateJuly 4July 1June 30June 29June 28
Canadian gold mutual funds
Fund name June 27 June 20ChangeChangeYTDMER*Assets*
North American stock exchange indices
DateJuly 4July 1June 30June 29June 28HighLow