Daily Metal Prices (January 07, 2008)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
News
Spot Prices Courtesy of Scotiabank Tuesday, Dec. 18, 2007 (January 07, 2008)
Precious Metals Price (US$/oz.) Change Gold $796.25 -10.50 Silver $13.97 -0.65 Platinum $1500.00 +38.00 Palladium $355.00 +10.00 Base Metals Price (US$/lb.) Change Nickel $11.59 -0.21 Lead $1.10 0.00 Copper $2.85…
Detour Gold boosts resource
Vancouver — Detour Gold (DGC-T, DRGDF-O) has reported a whopping 243% increase in measured and indicated resources at its Detour Lake gold project in northeastern Ontario’s Abitibi greenstone belt.
Producer and Dealer Prices (January 07, 2008)
Antimony : Mid-mkt US$5,525/t.
Marathon grows
An updated in-pit resource estimate has boosted Marathon PGM’s (MAR-T, MRPGF-O) total resource at its Marathon project on the shores of Lake Superior to 3.54 million oz. platinum group metals (PGMs) a…
TSX Short Positions (January 07, 2008)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
Thompson Creek drops 2007 moly output forecast (January 07, 2008)
Vancouver — Thompson Creek Metals Co. (TCM-T, TC-N) says molybdenum production for the year will come in as much as 12% below forecast levels, citing a recent rockslide at its 75%-owned Endako mine, …
TSX Venture Short Positions (January 07, 2008)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
Big jump in Minco’s Fuwan resource
After a drill season filled with strong silver grades, Minco Silver (MSV-T, MISVF-O) has increased the resource for its Fuwan silver project in southern China by 145%.
Pallinghurst bows out of Consmin bid
It looks like the last bidder standing in the battle for Consolidated Minerals (CNM-L, CSM-A) is Palmary Enterprises, the private company controlled by Ukrainian businessman Henadiy Boholyubov.
Canadian Gold Mutual Funds (January 07, 2008)
Fund name Dec. 17($) Dec. 10($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 26.44 29.00 -2.56 -8.8 -1.2 2.61 644 Altamira Pr & Str Mtl 11.64 12.85 -1.21 -9.4…
Editorial: Another wild and woolly year for mining
While this past year was another very strong one for the mining industry, it wasn’t without its twists, turns and dramatic flare-outs. Here’s our reckoning of the top 10 mining stories of 2007: