Bannerman updates uranium resource at Goanikontes
A new National Instrument 43-101 resource estimate for the Goanikontes Anomaly A uranium deposit in Namibia brings good tidings for Australian junior Bannerman Resources (BAN-T, BMN-A).
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SPOT PRICES (February 18, 2008)
COURTESY OF SCOTIABANK
De Beers takes US$965M hit for Snap Lake
Capital cost overruns at De Beers’ Snap Lake diamond mine in the Northwest Territories forced the company to take a US$965-million impairment charge in its 2007 yearend results.
NORTH AMERICAN STOCK EXCHANGE INDICES (February 18, 2008)
52- week Date Feb. 11 Feb. 8 Feb. 7 Feb. 6 Feb. 5 High Low S& P/ TSX- Ven Comp 2541.53 2526.82 2493.04 2505.66 2509.97 3372.00 2340.21 TSX Composite 13130.92 …
Is coal the new gold? (February 18, 2008)
UBS and Citigroup Global Markets have raised their price forecasts for thermal and coking coal for the coming two years and it’s not just because of the disruptive floods washing across Queensland in …
Birim and Goldcrest join forces to take on West Africa
West Africa-focused juniors Birim Goldfields (BGI-T, BRGFF-O) and Goldcrest Resources (GCL-V, GCTRF-O) have agreed to merge after unanimous votes by the boards of both companies.
Creston drills thick, high-grade moly
VANCOUVER — Creston Moly’s (CMS-V, CMSJF-O) initial round of infill drilling at its El Creston project in Sonora, Mexico, has turned in some long intervals of high-grade molybdenum mineralization.
TSX VENTURE SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
Strathmore nearly doubles Reno Creek resource
A new resource estimate for Strathmore Minerals’ (STM-V, STHJF-O) Reno Creek deposit in northeastern Wyoming’s Powder River basin is nearly twice previous estimates.
TSX SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
Capstone to boost production at Cozamin
Capstone Mining (CS-T, CSFFF-O) has started an expansion of its Cozamin polymetallic mine, in Zacatecas state, Mexico, aimed at increasing production by 36% to 40 million lbs. copper per year by 2009.
LENDING RATES (February 18, 2008)
as of 9 a. m. ET, Feb. 12, 2008 (%) Bank of Canada 4.25 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 3.50 U. S. Fed Funds market rate 3.00 U. S. Prime …