TORONTO STOCK EXCHANGE – OCT. 21-27
Heavy losses in the mining sector weighed down the S&P-TSX Composite Index over the Oct. 21-27 trading period. Any signs that the worst had passed were quickly erased as the index plummeted 16.7% …
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TSX VENTURE EXCHANGE – OCT. 21-27
The Oct. 21-27 trading session was another tough week for the S&P-TSX Venture Composite Index. The junior board lost 175.95 points to end the week at just 808.99 points. The Venture board hadn’t b…
LME WAREHOUSE LEVELS (November 03, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 28, 2008 (change from Oct. 21 in brackets):
SPOT PRICES (November 03, 2008)
COURTESY OF SCOTIABANK
Rubicon drills more high-grade under Red Lake
Rubicon Minerals (RMX-T, RBY-x) has cut 2.2 metres grading 42 grams gold per tonne starting at 880 metres depth on its Phoenix project, in Ontario’s Red Lake district.
DIVIDENDS (November 03, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…
Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.
First Nickel, FNX add to mine closure list
In the wake of crumbling nickel prices and mine closures, development has been temporarily suspended at a string of nickel projects, among them, First Nickel’s (FNI-T, FNKLF-o) Lockerby mine and FNX M…
Augusta advances Rosemont copper project (November 03, 2008)
Augusta Resource (AZC-T, AZC-x) has improved metallurgy and discovered a new mixed oxide-sulphide zone at its Rosemont open-pit copper-molybdenum-silver project in southern Arizona.
PRODUCER AND DEALER PRICES (November 03, 2008)
Antimony: Mid-mkt US$6,383.33/t.
DAILY METAL PRICES (November 03, 2008)
Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1360/1410 1350/1400 1505/1551 1505/1565 1591/1…
Archangel fails to meet escrow deadline (November 03, 2008)
First the good news: A Russian foreign investment review commission chaired by former president Vladimir Putin has granted its conditional consent for Archangel Diamond (AAD-V, ADMOF-o) to acquire a 4…