Barrick extends NovaGold bid, again
Vancouver — Barrick Gold (ABX-T, ABX-N) has again extended its takeover bid for NovaGold Resources (NG-T, NG-X), pushing back the expiry date for the offer until Oct. 24.
News
Nuinsco readying estimate at Lac Rocher (October 23, 2006)
A 2,087-metre drill program at the Lac Rocher nickel prospect in northwestern Quebec should allow Nuinsco Resources (NWI-T, NUIRF-O) to put together a resource figure for the zone it discovered in 199…
First Metals heading underground at Fabie
The province of Quebec has issued a permit to First Metals (FMA-T) to extract a 50,000-tonne bulk sample from the Fabie Bay copper deposit in northwestern Quebec, allowing quick feasibility work on th…
Beacon mill sold
Northern Star Mining (NSM-V, NSMSF-O) continues its garage-sale prowl in northwestern Quebec’s Abitibi region. Having already bought a bargain headframe and hoist for its underground operation at Midw…
African Copper to go ahead at Dukwe (October 23, 2006)
African Copper (ACU-T, AFNCF-O, ACU-L) will start construction of a mine at the Dukwe copper project in Botswana, with the hope of starting production in 2008.
Crescent Gold nears production Down Under
LAVERTON MINE TO POUR GOLD BY YEAR-END
Daily Metal Prices (October 23, 2006)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Producer and Dealer Prices (October 23, 2006)
Antimony : Mid-mkt US$5,240/t.
LME Warehouse Levels (October 23, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 16, 2006 (change from Oct. 9 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, Oct. 17, 2006
Precious Metals Price (US$/oz.) Change Gold $594.90 +17.65 Silver $11.85 +0.64 Platinum $1094.00 +10.00 Palladium $323.00 +17.00 Base Metals Price (US$/lb.) Change Nickel $15.26 +0.29 Lead $0.70 +0.03 Copper $3.44…
TSX Rights & Warrants (October 23, 2006)
Agnico Eagle Mines (AEM.WT.U) — Wt buys sh @ US$19 to Nov 14/07.
Canadian Stock Exchange Indices (October 23, 2006)
Date Oct. 16 Oct. 13 Oct. 12 Oct. 11 Oct. 10 High Low S&P/TSX-Ven Comp 2422.18 2393.35 2356.83 2343.48 2361.4 3309.90 1957.46 TSX Composite 12061.54 11908.57 11719.09 11619.14 11755.15 12494.72…