LME Warehouse Levels (October 15, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 8, 2007 (change from Oct. 1 in brackets):
2007
Kwanika buoys Serengeti
Vancouver — Follow-up drilling by Serengeti Resources (SIR-V, SGRNF-O) on its Kwanika copper-gold project, in north-central British Columbia, returned some promising results.
Birch Mountain looking for buyer (October 15, 2007)
Birch Mountain Resources (BMD-T, BMD-X) has appointed a financial advisor to help assess “strategic alternatives” for the tar sands aggregate producer and former prairie gold explorer.
Courts approve New West takeover (October 15, 2007)
Fronteer Development Group (FRG-T, FRG-X) and New West Gold have obtained court approval for Fronteer’s takeover of New West, and the acquisition closed on Sept. 24.
Glencairn announces change in direction
A day after Glencairn Gold (GGG-T, GLE-X) announced it was selling its Cerro Quema gold project in Panama in order to focus on its Nicaraguan gold assets, the Canadian junior unveiled a $25-million fi…
Northern Peru drills higher grades at Hilorico (October 15, 2007)
Vancouver — The latest drilling by Northern Peru Copper (NOC-T, NPUCF-O) at its Hilorico gold project, in northwestern Peru’s Yanacocha district, has hit some of the highest gold grades encountered t…
Daily Metal Prices (October 15, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Ying resource up 30%
Vancouver — Sixteen new veins at Silvercorp Metals’ (SVM-T, SVMFF-O) Ying property, in Henan province, China, have boosted the deposit’s resource estimate by 30%.
Rusoro buys Gold Fields’ Venezuelan portfolio
Vancouver – Rusoro Mining (RML-V, RMLFF-O) is jumping to producer status in a deal to purchase all of Gold Fields’ …
Canadian Royalties moves Nunavik Nickel project toward construction, expansion
Kangiqsujuaq, Que. – A stone figure peers down at the cluster of tents and stacked crates of drill core samples, kn…
DMS plant saves Hudson cash in Greenland
The economics of Hudson Resources (HUD-V, HUDRF-O) diamond hunt in western Greenland improved last month with the …
CanAlaska gets $19 million from Korea consortium for Cree East
Vancouver – A consortium of Korean energy and natural resource companies is investing $19 million in CanAlaskas (C…