Acadian to spin off gold assets
Halifax-based Acadian Mining (ADA-T, ADAIF-O) is spinning off its gold assets into a new public company to create value for its shareholders, the company says.
Articles by Northern Miner Staff
DAILY METAL PRICES (May 12, 2008)
Date May 5 May 2 May 1 April 30 April 29 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 2610/2640 2645/2680 2695/2725 …
High costs leach revenues at Endeavour Silver (May 12, 2008)
Endeavour Silver (EDR-T, EXK-X) posted record production and revenue last year, but escalating cash costs and a US$1.3-million write down from soured investments in asset-backed commercial paper, ate …
Tinka quick to infer silver resource in Peru (May 12, 2008)
VANCOUVER — One small drill program has produced a significant inferred resource estimate for Tinka Resources’ (TK-V, TKRFF-O) Colquipucro silver project in Peru.
Record quarterly revenue for Metallica
It looks like Metallica Resources (MR-T, MRB-X) is on a roll. Fast on the heels of its planned merger with New Gold (NGD-T, NGD-X) and Peak Gold( PIK-V, PIKGF-O), the Denver-based gold and silver prod…
NORTH AMERICAN STOCK EXCHANGE INDICES (May 12, 2008)
52-week Date May 5 May 2 May 1 April 30 April 29 High Low S&P/TSX-Ven Comp 2493.76 2495.51 2463.91 2455.06 2432.89 3372.00 2340.21 TSX Composite 14274.34 14280.28 14065.81 13…
Gold Reserve feels the sting of rejection
Gold Reserve (GRZ-T, GRZ-X) has lost its status as a “company that could” in Venezuela.
Gold Fields’ South African miners killed
The past couple of weeks have been tragic ones for Gold Fields (GFI-N) employees after a series of unrelated accidents claimed 13 lives at two of the company’s South African assets.
TSX VENTURE SHORT POSITIONS (May 12, 2008)
Short positions outstanding at Apr. 30/08 (with changes from Apr. 15/08). Largest Short Positions Peak Gold PIK 4256400 -1430500 Copper Creek CPV 2405000 2405000 Westernzagros W…
Credit Suisse: are copper prices set to spike?
Continuing unrest at copper mines in Chile coupled with low global stocks and supply disruptions in other major copper producing countries have prompted Credit Suisse to raise its copper price forecas…
LME WAREHOUSE LEVELS (May 12, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 6, 2008 (change from April 29 in brackets):
SPOT PRICES (May 12, 2008)
COURTESY OF SCOTIABANK Tuesday, May 6, 2008 Precious Metals Price (US$/oz.) Change Gold $878.00 -8.00 Silver $16.70 -0.08 Platinum $1930.00 -25.00 Palladium $426.00 -5.00 Base Metals P…