Spot prices
Tuesday, Jan 31, 2012
News
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 30, 2012 (change from Jan. 23 in brackets):
Caledonia boosts Blanket output, targets more gold in 2012
Caledonia Mining (CAL-T, CMCL-L) says total gold production for 2011 more than doubled at its Blanket mine in southwestern Zimbabwe, pushing its stock up nearly 9%.
Producer and dealer prices
Antimony: Mid-mkt US$12,250.00/t
Daily metal prices
DateJan 30Jan 27Jan 26Jan 25Jan 24
Detour secures funds to build mine
Detour Gold (DGC-T) is raising $240 million in equity to finish building its Detour Lake mine near Cochrane, Ont., in hopes of becoming “Canada’s largest gold mining operation,” states the company’s president and CEO, Gerald Panneton, in a…
Roundup highlights new discoveries in BC, Yukon and Alaska
With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in the Tuesday sessions had long…
Canadian gold mutual funds
Fund name Jan.30Jan. 23ChangeChangeYTDMER*Assets*
Still lots to learn arounad Tasiast
With Kinross Gold’s (K-T, KGC-N) Tasiast gold project generating some negative headlines lately – to say nothing of the negative momentum of its share price – investors may be thinking that the shine is off Tasiast and gold mining in general…
Endeavour Mining set to grow following merger
Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has two producing mines in West Africa and several advanced projects in the pipeline.
Brilliant Resources looks to shine in Equatorial Guinea
There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up, Equatorial Guinea was one of them.
Giustra shell graduate flops on assays
They say for every mine put into production, a thousand other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of promoters…