Mercer holds gold in Colombia
With the gold boom in Colombia in full swing, it may come as some surprise that speculative land next to a 10-million-oz. gold deposit would still be available.
News
Medusa to build a new plant at Co-O mine
Debt-free and unhedged gold producer Medusa Mining (MLL-T, MML-L, MML-A) will use US$80 million from its cash flow to build a new treatment plant and expand its Co-O gold mine in southeastern Mindanao…
Inmet contracts SNC-Lavalin for Cobre Panama
Inmet Mining (IMN-T) has awarded a contract to Joint Venture Panama (JVP), a joint venture held 70% by SNC-Lavalin Group (SNC-T), to provide basic engineering for the Cobre Panama copper-gold project …
Corex gains on Santana results
VANCOUVER — Corex Gold (CGE-V) added 20% to its share price after another set of drill results from the Santana project in Mexico’s Sonora state expanded the Nicho gold-oxide zone.
Orbit Garant buys Advantage Control Technologies
Orbit Garant Drilling (OGD-T) has acquired Advantage Control Technologies (ACT). As part of the transaction, Orbit Garant will buy specialized technologies and equipment, while also expanding its oper…
Pershimco revives Panamanian project
VANCOUVER — Just two months after buying the Cerro Quema gold project in Panama, Pershimco Resources (PRO-V) is pulling long gold intercepts from the site as it works to twin historic holes and colla…
SPOT PRICES (December 06, 2010)
COURTESY OF SCOTIABANK Tuesday, Nov. 30, 2010 Precious Metals Price ( US$/oz.) Change Gold $1375.00 +14.00 Silver $27.13 -0.18 Platinum $1651.00 -11.00 Palladium $697.00 +12.00 Base Me…
Russia and gold
In a scenario long plotted out by gold bugs, there was another geopolitical shift in the use of the U.S. dollar and gold as financial instruments over the week.
PEOPLE (December 06, 2010)
Asia Now Resources — Lieng-Seng Wee resigned as a director; Chan Wing Kwong (commonly known as Wing Chan), John Lee Luen Wai, Alex Tjokrorahardjo and Ng Tai Chiu appointed directors.
LME WAREHOUSE LEVELS (December 06, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 29, 2010 (change from Nov. 22 in brackets):
PRODUCER AND DEALER PRICES (December 06, 2010)
Antimony: Mid-mkt US$10,100/t.
DAILY METAL PRICES (December 06, 2010)
Daily Metal Prices Date Nov. 29 Nov. 26 Nov. 25 Nov. 24 Nov. 23 BASE METALS (London Metal Exchange –Midday official cash/3-month prices, US$ per tonne) Al Alloy 2220/2190 2200/2170 2210/2180 …