Spot prices
Tuesday, Mar 27, 2012
Volume 98 Number 7 Apr 2 - 8, 2012
Sandstorm Gold a rising star in commodity-stream financing
Sandstorm Gold (SSL-V) is not an exploration or operational mining outfit. The company is not interested in spending equity capital on surface exploration, drill programs or environmental-impact studies. Instead, Sandstorm took the idea of…
Junior miners and explorers cashing up
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
Volta, Riverstone striking gold in Burkina Faso
Toronto-based Volta Resources (VTR-T) and Vancouver-based Riverstone Resources (RVS-V) are separately hunting for gold in the landlocked West African country of Burkina Faso.
Claude ups inferred resources by 236%
Claude Resources’ (CRJ-T, CGR-X) shares gained 17% a day after the miner updating its gold reserves and resources on its wholly owned Seabee gold operation in Saskatchewan.
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
North American stock exchange indices
DateMar 26Mar 23Mar 22Mar 21Mar 20HighLow
Producer and dealer prices
Antimony: Mid-mkt US$12,950.00/t
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 26, 2012 (change from March 19 in brackets):
Westridge: On the trail for Mexican gold at Charay
Westridge Resources’ (WST-V) Charay gold-silver property is an easy drive along a modern freeway, lined with sleepy agricultural land, 30 km northeast of Los Mochis here in northwestern Mexico.
Market news
Toronto Stock Exchange
Nationalization to bite into miners’ revenues
Indonesia’s new indigenization legislation aimed at foreign mining companies opens another chapter in a resource-nationalization saga amongst developing countries.