Batero drops 50% on resource estimate
Shares of Batero Gold (BAT-V) took a deadly plunge after disappointing the market with its initial resource estimate at the Batero-Quinchia project in Risaralda, Colombia.
Articles by Northern Miner Staff
Venture sees gains in Feb.21-24 period
Vancouver – The shortened February 21 to 24 trading period saw the S&P TSX Venture Composite Index end up 31.37 points at 1,689.52 points following three days of gains and one day of losses. Volume perked up in the period, averaging…
TSX higher on stronger resource prices
While rising oil prices were being blamed south of the border for weaker markets, thanks to its heavy resource exposure the TSX Composite Index managed to climb 187 points to finish the holiday shortened Feb. 21-24 period at 12,725.77 points.
US markets move up during Feb.21-24
During the Presidents Day holiday-shortened week, the S&P 500 Index gained 4.51 points to end at 1,365.74, a four-year closing high. The index has climbed 8% this year, after being unchanged in 2011.
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 20, 2012 (change from Feb. 13 in brackets):
Market news
Toronto Stock Exchange
Producer and dealer prices
Antimony: Mid-mkt US$12,950.00/t
Daily metal prices
DateFeb 20Feb 17Feb 16Feb 15Feb 14
Canadian gold mutual funds
Fund name Feb. 21 Feb. 13ChangeChangeYTDMER*Assets*
Lake Shore Gold updates resource at Timmins West
Greater knowledge from mining and development work over the last year and a half, results from infill drilling and a reinterpretation of drill results have culminated in an updated resource estimate for Lake Shore Gold’s (LSG-T, LSG-X)…
Northshore results boost GTA, Balmoral
Shares of GTA Resources and Mining (GTA-V) surged $1.29, or 529% in a day to $1.54 on 7.8 million shares traded after the company released drill results from the Northshore gold property in Ontario’s Hemlo-Schrieber greenstone…
BHP and Rio double down on copper
BHP Billiton (BHP-N) and Rio Tinto (RIO-N) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants have unveiled plans to commit over US$4 billion to expand copper production at operations in Chile…