U.S. Markets February 13 – 16
A good week for the United States stock markets was an even better week for the mining stocks. The Standard & Poor’s 500 Index was up 1.5% at 1,455.54 points, while the Philadelphia Gold and Silve…
News
LME Warehouse Levels (February 26, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 19, 2006 (change from Feb. 12 in brackets):
Daily Metal Prices (February 26, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, Feb. 20, 2007
Precious Metals Price (US$/oz.) Change Gold $668.60 +3.85 Silver $13.90 +0.11 Platinum $1213.00 +20.00 Palladium $337.50 +0.50 Base Metals Price (US$/lb.) Change Nickel $19.44 +1.35 Lead $0.83 +0.10 Copper $2.58…
Impala launches Afplats bid (February 26, 2007)
Impala Platinum (IMPUY-O, IPLA-L, IMPO-J) has made a takeover bid for junior platinum developer African Platinum (AFRPF-O, APP-L), valuing the company at 297 million (US$579 million).
Randgold tops 2005 profits
Mid-tier gold miner Randgold Resources (GOLD-Q, RRS-L) saw its earnings increase on higher gold prices and bigger production numbers in 2006.
Producer and Dealer Prices (February 26, 2007)
Antimony : Mid-mkt US$5,370/t.
TSX Preferred and Exchangeable (February 26, 2007)
Falconbridge S2 Pr (FAL.PR.A-T) — Convertible at shldr’s optn and 14 days notice to one Series 3 preferred (FAL.PR.B-T) on five-year anniversaries from March 1/09.
Lending Rates (February 26, 2007)
as of 9 a.m. ET, Feb. 20, 2007(%)
Starcore closes financing for San Martin acquisition (February 26, 2007)
Vancouver — Starcore International Ventures (SAM-V, SHVLF-O) stands poised to enter the producer’s league following closure of an $18.7-million financing earmarked for the acquisition of the San Mart…
North American Stock Exchange Indices (February 26, 2007)
Date Feb. 19 Feb. 16 Feb. 15 Feb. 14 Feb. 13 High Low S&P/TSX-Ven Comp 3122.93 3090.70 3064.26 3041.78 3007.37 3309.90 2291.43 TSX Composite 13291.55 13311.95 13288.16 13204.46 13171.76 13325.13…
Canadian Gold Mutual Funds (February 26, 2007)
Fund name Feb.19($) Feb.12($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 28.28 27.25 1.03 3.8 5.7 2.63 528 Altamira Pr & Str Mtl 13.57 13.16 0.41 3.1 4.7 2.67…