Disappointing Q2 for First Quantum
Record rainfall, higher costs and a fall in net sales sent First Quantum Minerals (FM-T, GQVLF-O) second-quarter profits tumbling to US$123.1 million (US$1.83 per share), down 18% from the correspondi…
News
Golden Star backs up Bogosu power (August 27, 2007)
Golden Star Resources (GSC-T, GSS-X) has contracted for a 20-megawatt power station to be built at its Bogosu-Prestea gold mine complex in central Ghana, and will buy at least half of the plant’s capa…
TSX Rights and Warrants (August 27, 2007)
Agnico Eagle Mines (AEM.WT.U) — Wt buys sh @ US$19 to Nov 14/07.
Lending Rates (August 27, 2007)
as of 9 a.m. ET, August 14, 2007(%)
Katanga fears CAMEC’s motive for special meeting (August 27, 2007)
Takeover target Katanga Mining (KAT-T, KATFF-O) says Central African Mining and Exploration Co. (CAMEC) (CEAMF-O, CFM-L) has demanded a special shareholders meeting in an effort to end its shareholder…
Australian Solomons’ Drive to Bring Back Gold Ridge
Tsunamis and civil wars are just some of the problems that could hinder the development of a mine in a tropical paradise like the Solomon Islands.
Underworld Applies Full Metal Savvy to New Zealand
Vancouver-based Underworld Resources (UW-V) has completed two small drilling programs on its gold properties in New Zealand. The resulting assays will help determine how the company allocates the $3 m…
Agnico-Eagle to move ahead with Pinos Altos
Sean Boyd, vice-chairman and chief executive of Agnico-Eagle Mines (AEM-T, AEM-N) is feeling pretty chuffed these days.
Jinshan achieves producer status
Vancouver — Jinshan Gold Mines (JIN-T, JINFF-O) has started commercial production at its Chang Shan Hao (CSH 217) open-pit gold mine in the Inner Mongolia region of northern China.
Daily Metal Prices (August 27, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Producer and Dealer Prices (August 27, 2007)
Antimony : Mid-mkt US$5,470/t.
Canadian Gold Mutual Funds (August 27, 2007)
Fund name Aug.20($) Aug. 13($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 24.75 27.80 -3.05 -11.0 -7.5 2.61 615.8 Altamira Pr & Str Mtl 10.71 12.05 -1.34 -11.1 -17.4…