U.S. Markets May 4-7
The Dow Jones Industrial Average, the NASDAQ and the Standard & Poor’s 500 Index experienced similar gains over the trading period of May 1-7: the NASDAQ increased by 1.8%, or 45.86 points, to 2,5…
News
LME Warehouse Levels (May 14, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 4, 2007 (change from April 30 in brackets):
Oilsands see technology as saviour from environmental dilemma
The economic benefits of Albertas oilsands are undisputed. Swollen government coffers and generous earnings for in…
Lundin Mining Q1 profit up 150%, misses expectations
Vancouver – Admitting earnings were lower than expected, Lundin Mining (LUN-T, LMC-X) still turned in a net profit …
Syncrude makes $713 million in Q1
Syncrude Canadas newest coker may have gotten off to a rocky start, but overall, the expansion of the Fort McMurra…
Denison posts loss in first quarter (May 11, 2007)
Higher operating costs left Denison Mines (DML-T, DNN-X) with a loss in the first quarter of 2007, despite high ura…
Orko thinks Martha vein intercept a good thing
Vancouver – With recent drill results from Orko Silver’s (OK-V, OKOFF-O) La Preciosa project in Durango State, Mexi…
Higher cash costs and lower production for Suncor
A drop in production at its Fort McMurray oil sands operation has prompted Suncor Energy (SU-T) to lower its 2007 p…
Synenco makes gains despite rising capital costs
News that capital costs are spiraling at its Northern Lights project in the Alberta oil sands, indirectly lead to S…
Millstream intersects more sulphides (May 10, 2007)
A new drill hole on the Potter massive-sulphide deposit near Matheson, Ont., has intersected more sulphide minerali…
Suppliers News: Finning sells $100M in trucks
Finning International’s (FTT-T) Canadian division has sold 19 new Caterpillar 797B mining trucks for more than $100…
BHP Billiton rumoured plotting Rio Tinto bid
Vancouver – Market buzz has the worlds largest mining company BHP Billiton (BHP-N, BHP-A, BLT-L) brewing up a take…