Zinifex proposing Wolfden takeover
Australian zinc producer Zinifex (ZFX-A, ZFEXF-O) has put a cash offer of $3.90 per share on the table for Wolfden Resources (WLF-T, WLFFF-O) that values the Arctic base metal developer at about $345 …
News
Giustra behind Goldcorp’s US$300M mines sale
Vancouver — In what looks to be a US$300-million pruning exercise, Goldcorp (G-T, GG-N) is spinning out mines in Australia and Brazil into a junior company led by Frank Giustra’s investment banking f…
Agnico-Eagle offers $710M for Cumberland
Agnico-Eagle Mines (AEM-T, AEM-N) plans to take on Canada’s North with its proposed takeover of Cumberland Resources (clg-t, clg-x).
Kyrgyz coalface a dangerous place
HEALTH & SAFETY
Editor’s Picks: Top news of the week (February 26, 2007)
Acquisitions within the mid-tier gold and uranium sectors grabbed the headlines in the seventh trading week of 2007.
TSX Venture Exchange February 13 – 19
In spite of a strengthening gold price, market attention continues to focus on uranium, helping to drive the TSX Venture Exchange Composite Index up 118.64 points to 3,122.93 over the Feb. 13-19 tradi…
U.S. Markets February 13 – 16
A good week for the United States stock markets was an even better week for the mining stocks. The Standard & Poor’s 500 Index was up 1.5% at 1,455.54 points, while the Philadelphia Gold and Silve…
LME Warehouse Levels (February 26, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 19, 2006 (change from Feb. 12 in brackets):
Daily Metal Prices (February 26, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, Feb. 20, 2007
Precious Metals Price (US$/oz.) Change Gold $668.60 +3.85 Silver $13.90 +0.11 Platinum $1213.00 +20.00 Palladium $337.50 +0.50 Base Metals Price (US$/lb.) Change Nickel $19.44 +1.35 Lead $0.83 +0.10 Copper $2.58…
Impala launches Afplats bid (February 26, 2007)
Impala Platinum (IMPUY-O, IPLA-L, IMPO-J) has made a takeover bid for junior platinum developer African Platinum (AFRPF-O, APP-L), valuing the company at 297 million (US$579 million).
Randgold tops 2005 profits
Mid-tier gold miner Randgold Resources (GOLD-Q, RRS-L) saw its earnings increase on higher gold prices and bigger production numbers in 2006.