Move over nickel, here comes lead (July 02, 2007)
METALS COMMENTARY
News
Dividends (July 02, 2007)
Company Div.($) Pay Date Record Date Newmont 0.10* June 29 June 8 Newmont Canada 0.1123 June 29 June 8 Goldcorp 0.015 June 29 June 22 Endeavour Mng Capital 0.05 June…
Exchange Rates (July 02, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Bigger future for Santa Rita with bigger resource
Nothing succeeds in mine development like drilling success. Mirabela Nickel (MNB-T, MBN-A) will start a scoping study on building a smelter at the Santa Rita nickel project in Bahia state, Brazil, aft…
Yamana building up to 1M-oz. mark in Brazil
If Yamana Gold (YRI-T, AUY-N) chairman and CEO Peter Marrone had been asked about the challenges the company was facing two years ago, he would have come up with a long list.
Market likes Gulfside’s coal deal
Vancouver — Investors took a shine to Gulfside Minerals’ (GMG-V, GMGLF-O) plan to acquire the Monster coal project in southwestern Mongolia and boosted the company’s share price by 26% in recent trad…
Breakwater reserves up 50% at El Toqui (July 02, 2007)
Breakwater Resources’ (BWR-T, BWLRF-O) latest reserve increase for its El Toqui zinc project has given the company the confidence to initiate a prefeasibility study for a 1-million-tonne-per-year mill…
LME Warehouse Levels (July 02, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 25, 2007 (change from June 18 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, June 26, 2007
Precious Metals Price (US$/oz.) Change Gold $649.55 -5.55 Silver $12.85 -0.34 Platinum $1,281 -8.00 Palladium $369 +0.50 Base Metals Price (US$/lb.) Change Nickel $17.42 -1.58 Lead $1.21 +0.12 Copper $3.41…
Brazil becomes cornerstone for Kinross
Finding and developing new reserves to replace mined ounces is a constant struggle for gold producers, especially in today’s heated gold market where the competition for projects is fierce and permitt…
Exeter project on hold as Mendoza bans chemicals
Vancouver — By passing legislation banning the use of chemicals typically used by miners to extract gold and other metals, the government of the Argentinean province of Mendoza has thrown a wrench in…
First-blush numbers good for Largo
A preliminary economic study on the Maracas vanadium project in western Bahia state, Brazil, shows favourable economics at low vanadium prices, and operator Largo Resources (LGO-V, LGORF-O) will now b…