Zinifex shaves Wolfden bid
The bid for Wolfden Resources (WLF-T, WLFFF-O) by Australian zinc producer Zinifex (ZFEXF-O, ZFX-A) will see an extended exclusive negotiation period, following discussions between the two companies.
News
Trigon to acquire six Utah uranium mines (March 19, 2007)
Vancouver — Broadening its foray into the uranium field, the recently renamed Trigon Uranium (TEL-V, TELWF-O) is moving to grab six past-producing uranium mines in the White Canyon mining district of…
Murgor sizes up Hudvam, Fon
Montreal-based Murgor Resources (MUG-V, MUGRF-O) has received preliminary resource figures for the Hudvam and Fon massive-sulphide deposits near Flin Flon, Man., from its consultants.
Spot Prices Courtesy Of Scotiabank Tuesday, March 12, 2007
Precious Metals Price (US$/oz.) Change Gold $650.50 +5.90 Silver $12.92 -0.02 Platinum $1207.00 +18.00 Palladium $351.00 +7.00 Base Metals Price (US$/lb.) Change Nickel $21.13 +1.87 Lead $0.85 +0.02 Copper $2.80…
LME Warehouse Levels (March 19, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 12, 2007 (change from March 5 in brackets):
Denison studying open pits at McClean, Hairhan
While chewing on two acquisitions, Denison Mines (DML-T, DNMIF-O) is digesting new resource estimates for the McClean Lake and Hairhan uranium deposits in Saskatchewan and Mongolia, respectively.
Mena raises $72M, Rusoro takes over
Vancouver — Soon after closing a $72-million brokered private placement, gold explorer Mena Resources was absorbed by project partner Rusoro Mining (RML-V, RMLFF-O) in a pre-arranged merger deal.
Eastmain increases resources with new James Bay property (March 19, 2007)
Somewhat fittingly, Eastmain Resources (ER-T, EANRF-O) has acquired the Eastmain Mine copper-gold-silver property in Quebec’s James Bay region from MSV Resources, a wholly owned subsidiary of Campbell…
Daily Metal Prices (March 19, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Indonesian drilling encourages Southern Arc (March 19, 2007)
Vancouver — Scout drilling by Southern Arc Minerals (SA-V, SOACF-O) at its West Lombok property on Lombok Island, Indonesia, is indicating a number of exten-sively gold-mineralized breccia vein syste…
Mega Uranium to absorb Monster Copper (March 19, 2007)
Vancouver — In a combination of larger-than-life adjectives, Mega Uranium (MGA-T, MGAFF-O) is moving to acquire Monster Copper (MNS-V, MCPRF-O).
Producer and Dealer Prices (March 19, 2007)
Antimony: Mid-mkt US$5,410/t.