DAILY METAL PRICES (March 10, 2008)
Date March 3 Feb. 29 Feb. 28 Feb. 27 Feb. 16 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2820/2815 2741/2785 2710/2750 2715/2755 2560/2…
News
Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
TSX VENTURE EXCHANGE (March 10, 2008)
As gold moved in on US$1,000 per oz. and other metals remained strong, the junior mining- dominated S&P-TSX Venture Composite Index climbed 108.33 points to close the Feb. 26-March 3 trading sessi…
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Canadian Arrow says Kenbridge economic
The average cost to produce a pound of nickel at the Kenbridge nickel project in northwestern Ontario, net of byproduct credits for copper, will be about C$4.89 per lb. — well below nickel’s current …
Artisanal miners make big gold find in Mali
Artisanal miners in Mali have found a 2.7- kg gold nugget on property licensed to African Gold Group.
NORTH AMERICAN STOCK EXCHANGE INDICES (March 10, 2008)
52-week Date March 3 Feb. 29 Feb. 28 Feb. 27 Feb. 26 High Low S&P/TSX-Ven Comp 2794.57 2782.07 2809.50 2754.46 2715.49 3372.00 2340.21 TSX Composite 13544.38 13582.69 13873.89 …
TSX VENTURE SHORT POSITIONS (March 10, 2008)
Short positions outstanding at Feb. 15/08 (with changes from Jan. 31/08).
CANADIAN GOLD MUTUAL FUNDS (March 10, 2008)
Featured Fund: TD Precious Metals top holdings, as of 10/29/07 (in weighted order): Goldcorp, Barrick Gold, Yamana Gold, Agnico-Eagle Mines, Harry Winston Diamond, Palmarejo Silver and Gold, Anglo Ame…
Black Pearl eyes production at Timmins
The Timmins gold property in the southern Abitibi greenstone belt of northern Ontario is “a potential company maker,” says Judy Baker, president of Black Pearl Minerals (BLK-V, BPMCF-O).