U.S. Markets March 20-26
Takeover speculation in the U.S. auto sector and talk that General Motors could team up with others to buy Chrysler drove the Dow Jones up 242.90 points to 12,469.07 during the March 20-26 trading ses…
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LME Warehouse Levels (April 02, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 26, 2007 (change from March 19 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, March 27, 2007
Precious Metals Price (US$/oz.) Change Gold $665.15 +10.75 Silver $13.34 +0.09 Platinum $1237.00 +12.00 Palladium $353.00 +3.00 Base Metals Price (US$/lb.) Change Nickel $20.63 -2.21 Lead $0.86 -0.03 Copper $3.11…
Skye exercises final option on Fenix
Vancouver — Skye Resources (SKR-T, SKRZF-O) has exercised the final terms in its option to acquire Companhia Vale do Rio Doce’s (rio-n) interest in the Fenix nickel project in Guatemala.
Oromin gets more time to drill Senegal project
Vancouver — Oromin Explorations (OLE-V, OLEPF-O) is confident it will find more gold on its Senegal concessions after the government of the West African country agreed to extend an exploration contra…
Oxus Gold divests Kyrgyz project (April 02, 2007)
Oxus Gold (OXUSF-O, OXS-L) has sold its interest in the operating company that had developed the Jerooy gold deposit in Kyrgyzstan, as part of a transaction with another London-listed junior, KazakhGo…
Orko takes nino steps in Mexico
SITE VISIT Durango, Mexico — Taking a methodical approach to exploration in north-central Mexico isn’t necessarily a headline-grabbing exercise. But it is one that Orko Silver (OK-V, OKOFF-O) hopes will…
Alturas heavy on exploration expertise in Peru
Alturas Minerals (ALT-V) swept into Toronto recently looking to draw the Street’s attention to Peru.
Canarc takes plunge into Mexico (April 02, 2007)
Vancouver — Making good on its stated acquisition agenda, Canarc Resource (CCM-T, CRCUF-O) has secured options to purchase a couple of gold-silver projects in Guanajuato state, Mexico.
Copper projects bloom in Sonoran desert
One of the boats that has been lifted highest by the rising tide in the base metal markets has been the mining industry of Sonora state, Mexico. Sonora, the birthplace of Mexico’s large copper industr…
Fortuna-Continuum post San Jose resource (April 02, 2007)
Vancouver — Joint-venture partners Fortuna Silver Mines (FVI-V, FVITF-O) and Continuum Resources (CNU-V, CUURF-O) have tabled a new resource estimate at their San Jose project in Oaxaca state, Mexico…
Colombia looks to recast tarnished image
When a country known more for narcotics-funded guerilla warfare than its mineral potential gives a presentation at the world’s largest mining convention, there’s no shortage of intrigue.