Agnico-Eagle Posts Record Q1 Production
Higher gold production and a US$38.6-million tax recovery sent Agnico-Eagle Mines’ (AEM-T, AEM-N) net income up 88% to US$54.3 million, or US35¢ per share, in the first quarter of 2009 — up from…
News
Kinbauri Spurns Orvana Offer
VANCOUVER–A battle for Kinbauri Gold’s (KNB-V, KINBF-O) primary asset, a 100% stake in the El Valle and Carles gold project in Spain, is brewing as gold miner Orvana Minerals (ORV-T, ORVMF-O) has ent…
Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
People (May 18, 2009)
Avanti Mining — Thomas Gunthardt appointed project manager for the Kitsault project.
Caterpillar Records Q1 Loss
Since late last year, Caterpillar (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 workers from its part-time payroll, bringing its redundancy costs in the first quarter to…
Moly Getting Back On Her Feet
One encouraging development during the 18th trading week of the year was the hint that the molybdenum market is recovering after the devastating demand collapse we witnessed late last year.
Mongolia Suspends Western Prospector’s Gurvanbulag Licence
Navigating the political minefield that is Mongolia often requires pulling out the heavy artillery.
LME Warehouse Levels (May 18, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 12, 2009 (change from May 5 in brackets):
Spot Prices (May 18, 2009)
COURTESY OF SCOTIABANK
Canadian Gold Hunter And Suramina Merge
VANCOUVER — Two Lundin Group companies, Canadian Gold Hunter (CGH-T) and Suramina Resources, have officially combined forces now that shareholders have approved a merger.
Producer And Dealer Prices (May 18, 2009)
Antimony: Mid-mkt US$4,250/t.
Daily Metal Prices (May 18, 2009)
Date May 11 May 8 May 7 May 6 May 5 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1227/1255 1251/1290 1300/1330 1241/1300 1260/1350 Alumi…