El Morro copper-gold project to cost US$2.5 billion
A feasibility study on the El Morro copper-gold project in Mexico put average annual production at 195,000 tonnes o…
2008
Columbus inks deal with Barrick
Vancouver — The lure of securing additional ground in the vicinity of its Cortez joint-venture land package has prompted Barrick Gold (ABX-T, ABX-N) to option a couple of properties from Columbus Gol…
LME Warehouse Levels (January 21, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 14, 2008 (change from Jan. 7 in brackets):
Northern Energy & Mining reports strong finances
NEMI Northern Energy & Mining (NNE.A-T, NNEMF-O) is in a relatively strong financial position with working capital of $9.7 million and no long-term debt, according to recent financial statements, …
First Point adds to BC nickel portfolio
Vancouver — Since acquiring a pair of B.C. nickel projects in mid-2007, First Point Minerals (FPX-V, FPOCF-O) has added to its holdings and picked up two more properties in a move to target potential…
Daily Metal Prices (January 21, 2008)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, Jan. 15, 2008
Precious Metals Price (US$/oz.) Change Gold $904.75 +31.50 Silver $16.24 +0.75 Platinum $1580.00 +39.00 Palladium $379.00 +4.50 Base Metals Price (US$/lb.) Change Nickel $12.90 -0.18 Lead $1.21 +0.04 Copper $3.27…
Akie holes consistently promising (January 21, 2008)
Vancouver — Results from another hole punched into the Akie zinc-lead project, in northeastern B.C., have again showed the potential the property holds for Mantle Resources (MTS-V, MTSZF-O).
Seabridge ups Kerr-Sulphurets-Mitchell resource
In mining — as in life — timing is everything. For proof, look no further than Seabridge Gold (SEA-V, SA-X).
Tenajon pulls strong moly grades from open-pit target
Vancouver — Tenajon Resources’ (TJS-V, TJRUF-O) bet on molybdenum is starting to pay off.
Western Copper grows Carmacks oxide resource (January 21, 2008)
Vancouver — A new resource estimate for Western Copper’s (WRN-T, WCPCF-O) Carmacks copper project in the Yukon has added over 9,000 tonnes of contained copper to the project, which already has a posi…
Aussie high-grade buoys Committee Bay (January 21, 2008)
Vancouver — Joint-venture partners Committee Bay Resources (CBR-V, CBYRF-O) and Focus Minerals (FML-A) have cut significant gold intercepts at the Perseverance deposit, in Western Australia’s Coolgar…