Barrick Clears Hedge, Takes US$159M Loss
Vancouver — Swallowing some bitter medicine, Barrick Gold (ABX-T, ABX-N) reported a US$159-million (US18 per share) first-quarter loss resulting from the elimination of its gold sale contracts.
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Canadian Gold Mutual Funds (May 14, 2007)
Fund name May 7($) Apr.30($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 30.15 28.51 1.64 5.8 12.7 2.63 560.7 Altamira Pr & Str Mtl 13.36 12.78 0.58 4.5 3.1…
International Quotes (May 14, 2007)
Australia (A$) May 7 Apr 30 Change Bendigo Mining 0.38 0.38 0.00 Centamin Egypt 1.20 1.09 0.11 Emperor Mines 0.13 0.13 0.00 Kingsgate Cons. 5.67 5.37 0.30 Lion Selection Gp…
Northgate Extends Kemess South Mine Life by a Year
Vancouver — A robust metals market has led to a 1-year reprieve for Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine, in north-central British Columbia, previously scheduled to shut d…
Walking the Path to Production
SITE VISIT Pilanesberg, South Africa — As 37%-owner and operator of the Western Bushveld joint venture (WBJV) in South Africa, Platinum Group Metals (PTM-T, PTMQF-O) stands poised to join the…
Gold in Madagascar
Drilling at the Mountain of Gold property in central Madagascar, Pan African Mining (PAF-V, PAFRF-O) has intersected gold in an infill drill hole and along strike from previous intersections.
Gahcho Ku Drilling Buoys Confidence
Vancouver — Mountain Province Diamonds (MPV-T, MDM-X) and De Beers Canada have wrapped up winter drilling on the Tuzo kimberlite pipe at the Gahcho Ku diamond property, located about 300 km northeas…
Exchange Rates (May 14, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Dividends (May 14, 2007)
Company Div.($) Pay Date Record Date Falconbridge S2 f May 14 Apr 30 Potash C Sask 0.15 May 11 Apr 12 Alcoa 0.17* May 25 May 4 Consol Energy 0.07*…
U.S. Silver Adds Ounces at Galena
U.S. Silver (USA-V) is boosting silver reserves and resources at its Galena mine complex, near Wallace, in Idaho’s famed Silver Valley.
Amerix Cuts Brazilian High Grade
Vancouver — Drilling by Amerix Precious Metals (APM-V, APMFF-O) on its Ouro Roxo project in the Tapajos gold district of Para state, Brazil, appears to be demonstrating continuity between the North a…
Spot Prices Courtesy of Scotiabank Tuesday, May 8, 2007
Precious Metals Price (US$/oz.) Change Gold $685.90 +8.40 Silver $13.48 +0.03 Platinum $1331.00 +43.00 Palladium $375.00 +7.00 Base Metals Price (US$/lb.) Change Nickel $23.95 +1.23 Lead $0.93 +0.03 Copper $3.71…