Daily Metal Prices (December 24, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
News
Spot Prices (December 24, 2007)
COURTESY OF SCOTIABANK
Goldcorp building Penasquito bigger, sooner
Vancouver — Goldcorp (G-T, GG-N) is expanding the Penasquito mine in Mexico before it’s even built, announcing a plan to increase mill throughput by 30% and accelerate the project development schedul…
TSX Short Positions (December 24, 2007)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
Western Cdn Coal lines up $40M
Vancouver — In urgent need of dollars, Western Canadian Coal (WTN-T, WTN-L) has completed a $40-million financing to avert a cash crunch following its recent quarterly loss of almost $44 million.
Sanatana jumps on kimberlite results (December 24, 2007)
Vancouver — The first results from Sanatana Diamonds’ (STA-V) Dharma kimberlite pipe in the Northwest Territories sparked a storm of trading in the usually quiet junior, boosting its share price 416%…
TSX Venture Short Positions (December 24, 2007)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
North American Stock Exchange Indices (December 24, 2007)
Date Dec. 18 Dec. 17 Dec. 14 Dec. 13 Dec. 12 High Low S&P/TSX-Ven Comp 2595.28 n/a n/a n/a n/a n/a n/a TSX Composite 13358.07 13387.11 13674.23 13747.25 13809.38 14646.82…
GFMS: silver to rise in 2008
METALS COMMENTARY
Midwest to go ahead (December 24, 2007)
The partners in the Midwest uranium joint venture in northern Saskatchewan have announced they plan to bring the project into production in 2011.
Constellation Copper stops mining at Lisbon Valley
The troubled Lisbon Valley copper project in southeastern Utah will shut down mining in early 2008, converting to a leach-only operation.
Editorial: BHP Billiton pitches mega-bid
After a furious few months of mergers-and-acquisitions activity, the mining industry stopped to catch its breath during the week ended Dec. 15, the fiftieth trading week of 2007.