Kazakhmys set to take out Eurasia Gold
In a transaction worth about $288 million, London-listed Kazakhmys (KAZ-L) has offered to take over Eurasia Gold (E…
News
Suppliers News (May 14, 2007)
Finning sells $100M in trucks
Walking the Path to Production
SITE VISIT Pilanesberg, South Africa — As 37%-owner and operator of the Western Bushveld joint venture (WBJV) in South Africa, Platinum Group Metals (PTM-T, PTMQF-O) stands poised to join the…
High River Building More Than Just a Mine in Burkina Faso
SITE VISIT Ouagadougou, Burkina Faso — There’s little to obstruct the view of the towering yellow crane that swings over the construction site of High River Gold’s (HRG-T, HRIVF-O) Taparko…
LME Warehouse Levels (May 14, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 4, 2007 (change from April 30 in brackets):
Amerix Cuts Brazilian High Grade
Vancouver — Drilling by Amerix Precious Metals (APM-V, APMFF-O) on its Ouro Roxo project in the Tapajos gold district of Para state, Brazil, appears to be demonstrating continuity between the North a…
Spot Prices Courtesy of Scotiabank Tuesday, May 8, 2007
Precious Metals Price (US$/oz.) Change Gold $685.90 +8.40 Silver $13.48 +0.03 Platinum $1331.00 +43.00 Palladium $375.00 +7.00 Base Metals Price (US$/lb.) Change Nickel $23.95 +1.23 Lead $0.93 +0.03 Copper $3.71…
Producer and Dealer Prices (May 14, 2007)
Antimony : Mid-mkt US$5,390/t.
TSX Short Positions (May 14, 2007)
Short positions outstanding at April 30/07 (with changes from April 15).
Alcoa Bids for Alcan
A meaty hostile offer has been tabled; now let the politics begin. On May 7, U.S. aluminum giant Alcoa (AA-N) unveiled a cash-and-share bid for Canada’s largest mining company, Alcan (AL-T, AL-N), in …
Big Lake Gives Metalcorp a Big Surprise
SITE VISIT Thunder Bay, Ont. — A mineral prospect recently discovered on the north shore of Lake Superior by Metalcorp (MTC-V, MTLCF-O) illustrates how nature has a surprise or two…
Eldorado Sees Strong Q1
Vancouver — Strong bullion sales made for a successful first quarter for Eldorado Gold (ELD-T, EGO-X), lifting earnings to a record US$12.6 million (US4 per share) versus a loss of US$7.5 million (U…