Int’l Minerals mulls options at Gaby
A prefeasibility study for International Minerals’ (IMZ-T, IMZLF-O) Gaby open-pit gold project in Ecuador found that all four processing options tested would be too costly at a base case gold price of…
News
Creepy crawlers for Canada?
KENILWORTH, SOUTH AFRICA–The Canadian lake-based mining industry has strengthened its position in the global market in recent years with the establishment of several new large mines that have led to …
Aurora’s Michelin grows (March 03, 2008)
VANCOUVER — A 20% increase in resources is a nice boost for a company only working through pre-feasibility studies. And that’s exactly what Aurora Energy Resources (AXU-T) got: the company’s Michelin…
Redcorp inks Tulsequah offtake deal
VANCOUVER — Aspiring base metals producer Redcorp Ventures (RDV-T, RDFVF-O) has lined up Swiss firm MRI Trading to purchase zinc, copper and lead concentrates from its planned Tulsequah Chief mine in…
North American Stock Exchange Indices (March 03, 2008)
52- week Date Feb. 25 Feb. 22 Feb. 21 Feb. 20 Feb. 19 High Low S& P/ TSX- Ven Comp 2686.24 2657.15 2660.81 2642.49 2622.60 3372.00 2340.21 TSX Composite 13697.4…
Exchange Rates (March 03, 2008)
CANADIAN/ U. S. EXCHANGE ( Bank of Canada noon rate) Date Feb. 25 Feb. 22 Feb. 21 Feb. 20 Feb. 19 US$ in C$ 0.9980 1.0156 1.0087 1.0190 1.0160 C$ in US$ 1.0020 0.9846 0…
TSX Venture Short Positions (March 03, 2008)
Short positions outstanding at Feb. 15/08 (with changes from Jan. 31/08).
Lending Rates (March 03, 2008)
as of 9 a. m. ET, Feb. 26, 2008 (%) Bank of Canada 4.25 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 3.50 U. S. Fed Funds market rate 3.00 U. S. Prime …
Newmont reports Q4 loss
The world’s second-largest gold producer, Newmont Mining (NMC-T, NEM-N) posted a net loss of US$1.9 billion (negative US$4.17 per share) in the year to Dec. 31, 2007, compared with net income of US$79…
Walkouts may keep copper prices aloft
MONTERREY, MEXICO–Anyone looking for reasons why copper prices are likely to remain strong in 2008 need look no further than Latin America.
Richmont raises reserves (March 03, 2008)
While Richmont Mines (RIC-T, RIC-X) increased production only slightly in 2007, it raised gold reserves significantly, to 361,000 oz. gold from about 49,000 oz. the year before as a result of its expl…
Sweden’s shrewd scion
SITE VISIT STOCKHOLM, SWEDEN — Lukas Lundin is clear about where he wants to take Lundin Mining (LUN-T, LMC-N). The chairman of Lundin and progeny of resource legend Adolf Lundin…