Eldorado expansion drilling hits more gold
Vancouver — Eldorado Gold (ELD-T, EGO-X) has received strong initial results from a 26,000-metre drill program designed to probe the expansion potential of its newly opened Tanjianshan gold mine in C…
2007
Producer and Dealer Prices (July 30, 2007)
Antimony : Mid-mkt US$5,370/t.
TSX Short Positions (July 30, 2007)
Short positions outstanding at July 15/07 (with changes from June 30/07).
More moly at Jersey-Emerald
Vancouver — Sultan Minerals’ (SUL-V, SLMLF-O) underground drill effort at its Jersey-Emerald project, located near Salmo in southeastern B.C., has returned further wide, high-grade molybdenum-mineral…
Gem Diamonds bids for Kimberley (July 30, 2007)
Up-and-comer Gem Diamonds (GEMD-L) of the U.K. has tabled a friendly A70-per-share cash offer for Perth-based Kimberley Diamond Co. (KDC-L, KIM-A), valuing the Aussie junior producer at A$300-million…
Editorial: No, Boka’s not another Busang
A little more than a decade after Bre-X Minerals’ Busang sample salting fiasco, the junior mining industry was hit with another serious case of alleged assay manipulation with news that Southwestern R…
Editorial: NovaGold suit dismissed
Apart from Southwestern Resources’ Boka troubles, which we deal with separately opposite to this, the week ended July 21, the 29th week of 2007, saw a court decision that was sensible, an environmenta…
Suppliers News (July 30, 2007)
Caterpillars to invade Venezuela
Mining ladies aim to raise $200,000 for cancer research
In September, eight women from the mining industry will join hundreds of other women in a 2-day, 60-km walk to raise money for Toronto’s Princess Margaret Hospital Foundation, as part of the charity’s…
LME Warehouse Levels (July 30, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 23, 2007 (change from July 16 in brackets):
TSX Venture Exchange July 17-23
Although gold surged to an 11-week high over the July 17-23 trading session, the S&P-TSX Venture Composite Index only managed an 18.31-point gain, closing at 3,322.76. Average daily trading volume…
TSX Venture Short Positions (July 30, 2007)
Short positions outstanding at July 15/07 (with changes from June 30/07).