Daily Metal Prices (May 14, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
News
People (May 14, 2007)
Capella Resources Brian Gracey resigned as director.
The Battle for Christmas
Santiago, Chile — A 3-year court battle to assert control over one of the world’s largest silver deposits could finally be drawing to a conclusion — but the winner will then have to contend with the…
Alcoa Bids for Alcan
A meaty hostile offer has been tabled; now let the politics begin. On May 7, U.S. aluminum giant Alcoa (AA-N) unveiled a cash-and-share bid for Canada’s largest mining company, Alcan (AL-T, AL-N), in …
Big Lake Gives Metalcorp a Big Surprise
SITE VISIT Thunder Bay, Ont. — A mineral prospect recently discovered on the north shore of Lake Superior by Metalcorp (MTC-V, MTLCF-O) illustrates how nature has a surprise or two…
Eldorado Sees Strong Q1
Vancouver — Strong bullion sales made for a successful first quarter for Eldorado Gold (ELD-T, EGO-X), lifting earnings to a record US$12.6 million (US4 per share) versus a loss of US$7.5 million (U…
Coeur to Acquire Palmarejo and Bolnisi in Us$1.1B Merger
Vancouver — Aiming to become the world’s top primary silver producer, Coeur d’Alene Mines (CDM-T, CDE-N) has entered a deal to acquire Australian-based Bolnisi Gold (BXLGF-O, BSG-A) and its 73.6%-own…
Editor’s Picks: End of an era with elimination of Barrick hedge
The old saw “better late than never” came to mind during the week ended May 5, the 18th trading week of 2007.
Suppliers News (May 14, 2007)
Finning sells $100M in trucks
TSX Venture Short Positions (May 14, 2007)
Short positions outstanding at April 30/07 (with changes from April 15).
North American Stock Exchange Indices (May 14, 2007)
Date May 7 May 4 May 3 May 2 May 1 High Low S&P/TSX-Ven Comp 3350.84 3369.79 3347.73 3322.29 3262.34 3371.57 2291.43 TSX Composite 13815.51 13769.89 13687.00 13578.74 13406.33 13815.57…
Lending Rates (May 14, 2007)
as of 9 a.m. ET, May 14, 2007(%)