Marathon bids for Discovery PGM (February 19, 2008)
Vancouver – In the midst of completing a feasibility study on its namesake project, Marathon PGM (MAR-T) has made a…
2008
Great Basin Gold ups Burnstone gold count by 41% (February 19, 2008)
Vancouver – An ongoing exploration program at Great Basin Gold’s (GBG-T) Burnstone project in South Africa has incr…
Robust economics for Baffinland’s Mary River project
It took four years and about C$170 million but the definitive feasibility study on its 100%-owned Mary River direct…
3.1M oz. gold resource at Tower Hill’s Livengood
Vancouver – International Tower Hill Mines (ITH-V, THM-X) sees significant potential for its flagship Livengood pro…
Richmont raises reserves (February 19, 2008)
While Richmont Mines (RIC-T, RIC-X) increased production slightly in 2007, it raised gold reserves significantly, t…
Kinbauri’s efforts at El Valle paying off (February 18, 2008)
Vancouver – It’s looking more and more like Kinbauri Gold’s (KNB-V) $5-million bet on the past-producing El Valle a…
Northgate closes Perseverance acquisition (February 18, 2008)
Vancouver – Northgate Minerals (NGX-T, NXG-X) has completed its friendly takeover of Australian gold producer Perse…
B2Gold settles into Colombia (February 18, 2008)
Vancouver – In its first major move since debuting on the market in December, B2Gold (BTO-V) has worked a deal with…
U.S. MARKETS FEB 5-11
The U.S. Congress may have passed President George Bush’s US$168-billion economic rescue package of rebates and tax breaks last week, but the announcement did little to ease fears on Wall Street. The …
LME WAREHOUSE LEVELS (February 18, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb 5, 2008 (change from Jan. 19 in brackets):
Caledonia Mining signs offtake deal with Chinese refiner
Caledonia Mining (CAL-T, CMCL-L) has teamed up with an undisclosed Chinese refiner, signing an offtake agreement for cobalt from its Nama project, in northern Zambia.
TORONTO STOCK EXCHANGE FEB 5-11
The TSX Composite Index managed to bounce back from a mid-week slump that saw it close as low as 12,867.20 to finish the Feb. 5-11 period at 13,258.16. But the index still recorded an overall loss, do…