Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 6, 2013 Precious MetalsPrice…
News
Azincourt gets going at Patterson Lake
VANCOUVER — There is critical mass building around the Patterson Lake uranium camp in the western reaches of Saksatchewan’s Athabasca basin, and Vancouver-based junior Azincourt Uranium (TSXV: AAZ) is hoping to make a big discovery.
Ecuador Gold and Copper boosts resources at Condor
VANCOUVER — The jurisdiction may not be ideal given recent events, but Calgary-based explorer Ecuador Gold and Copper (TSXV: EGX) is outlining some sizable resources at its Condor gold-silver-copper project in Ecuador’s Zamora…
Wheeler River wins more converts for Denison
Denison Mines (TSX: DML; NYSE-Arca: DNN) owns a 60% stake in the Wheeler River uranium project that lies between Cameco’s (TSX: CCO; NYSE: CCJ) Key Lake mill — the world’s largest high-grade uranium mill — and its…
Semafo gets cash for Samira Hill
In a tough gold market, Semafo (TSX: SMF; US-OTC: SEMFF) has turned a non-core asset into cash.
Underground work delayed at Oyu Tolgoi
Shares in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) plunged nearly 20% after the miner’s parent company Rio Tinto (NYSE: RIO; LSE: RIO) halted underground work at the Oyu Tolgoi mine until the Mongolian parliament…
Paladin’s production, cost-cutting impresses
With the uranium price dropping, Paladin Energy (TSX: PDN) is finding ways to cut costs and prepare for a quick expansion, in case prices rebound.
U.S. markets, July 29-Aug. 2
Mixed jobs data and comments from the U.S. Federal Reserve that it would keep buying US$85 billion per month in Treasury and mortgage securities were the main headlines during the trading week. Non-farm payrolls rose by 162,000 in July, which…
Editorial: Potash earthquake
Like a sudden Saskatchewan thunderstorm, the potash market surprised everyone yet again with its capacity for drama and destruction, as everyone learned just how important the Russian-Belarusian potash cartel had been all this time in…
Global copper use down, production up in 2013: ICSG
The Lisbon-based International Copper Study Group (ICSG) released the following preliminary data for April 2013 world copper supply and demand in its July 2013 Copper Bulletin. The Bulletin is available for sale upon request. For more…
Colossus falls on delay at Serra Pelada
Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.
Strateco appears out of luck at Matoush
Any chance that Strateco Resources (TSX: RSC; US-OTC: SRSIF) had in advancing its Matoush uranium project in northern Quebec’s Otish Mountains after the provincial government temporarily banned uranium development in late March has been…