Capital Gold posts record production at El Chanate (October 27, 2008)
Capital Gold (CGC-T, CGLD-o) has managed to keep a tight lid on costs at its El Chanate gold mine in Mexico during the operation’s first fiscal year.
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LME WAREHOUSE LEVELS (October 27, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21, 2008 (change from Oct. 14 in brackets):
SPOT PRICES (October 27, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (October 27, 2008)
Antimony: Mid-mkt US$6,383.33/t.
Study puts Stornoway’s Aviat on the diamond map
A conceptual study suggests that Stornoway Diamond (SWY-T, SWYDF-o) could find 24.1 to 40.3 million carats of diamonds in the Eastern Sheet Complex of its Aviat project, in eastern Nunavut.
North American Tungsten cancels US$19.4M private placement with Chinese enterprise
North American Tungsten (NTC-V, NATUF-o) has cancelled a private placement of about 13.4 million units in the company at a price of $1.45 per unit that was part of a strategic alliance agreement with …
Blue Note to close Caribou and Restigouche
Blue Note Mining (BN-T, BNMFF-o) is the latest miner to join the care and maintenance club after less than a year of commercial production at its Caribou and Restigouche zinc-lead mines in Bathurst, N…
DAILY METAL PRICES (October 27, 2008)
Date Oct. 20 Oct. 17 Oct. 16 Oct. 15 Oct. 14 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1645/1720 1710/1760 1715/1760 1805/1850 1795/1…
NORTH AMERICAN STOCK EXCHANGE INDICES (October 27, 2008)
52-week Date Oct. 20 Oct. 17 Oct. 16 Oct. 15 Oct. 14 High Low S&P/TSX-Ven Comp 984.94 946.12 937.79 991.21 1054.70 3192.55 921.43 TSX Composite 10251.40 9562.49 9269.97 9323….
Newmont rethinks Hope Bay (October 27, 2008)
Rather than proceed with a mine plan conceived by former owner Miramar Mining that would see production begin this year, Denver, Colo.-based Newmont Mining (nmc-t, nem-n) has taken a step back at the …
Noront CEO speaks out
In the midst of a proxy fight with a dissident shareholder, Noront Resources (NOT-V, NOSOF-o) has fired back with a positive scoping study for development of its Eagle One copper-nickel-platinum group…
Plunging PGM prices force Lac des les shutdown
A dramatic drop in platinum and palladium prices has forced North American Palladium (PDL-T, PAL-x) to temporarily shut down its Lac des les mine, near Thunder Bay, Ont., which has been operating bel…