U.S. markets fall but gold miners shine
While fears of an American default amidst a political deadlock on raising the debt ceiling was good news for gold, which hit new highs, the effect on the U.S. markets was less positive.
News
Kinross leads majors for investments in junior gold plays
After betting US$7.1 billion last year on the expansion potential of Red Back Mining’s Tasiast gold mine in Mauritania, Kinross Gold’s (K-T, KGC-N) chief executive Tye Burt has said his company’s buying spree has come to an end for a…
Stillwater to buy Peregrine Metals
Peregrine Metals (PGM-T) saw its shares surge more than 250%, after U.S. platinum miner Stillwater Mining (SWC-N) agreed to pay US$487.1 million for the junior and its large undeveloped copper-gold project in Argentina.
Positive results for First Point’s Decar
Concept is slowly becoming reality at First Point Minerals’ (FPX-V) unusual nickel project in central B.C., with encouraging metallurgical results giving the company its latest boost.
Aldershot beefs up uranium stable in U.S.
Philip Crabb says he “isn’t fazed by the current opinion of uranium,” and would, if asked, probably urge critics of the nuclear industry to take a trip to China if they needed any convincing that nuclear energy is the way to go.
Editorial: Bernanke helps gold hit new highs
The eroding foundations of the global economic system dominated much of the world’s business news in the first week of July.
Letter to the editor: How big can Cote Lake get? Depends how you stretch it!
In the cover story of The Northern Miner’s June 27-July 3, 2011 issue, staff writer Anthony Vaccaro describes Trelawney Mining and Exploration’s activity on its newly discovered Côté Lake gold deposit in the southwestern Abitibi…
Miners open their wallets at ‘Rock of Ages’ gala
Much of Toronto’s mining elite descended on the Royal Ontario Museum (ROM) in early June for a black-tie gala to raise funds to acquire what is being called “The Kirwin Ore Deposits Collection.”
Market news
Toronto Stock Exchange
Spot prices
Tuesday, July 11, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 11, 2011 (change from July 4 in brackets):
Producer and dealer prices
Antimony: Mid-mkt US$13,500.00/t