Lago Dourado lured by Brazilian gold
Forbes Gemmell, 34, is likely one of the younger chief executives of a publicly listed mining company. Six months ago he abandoned his career as a research analyst and took…
Volume 97 Number 11 May 2 - 8, 2011
Barrick bids for Equinox (May 02, 2011)
The board of Equinox Minerals (EQN-T, EQN-A) is withdrawing its bid for Lundin Mining (LUN-T) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (ABX-T, ABX-N), which values the company at about $7.3 billon. The…
Wildcat finds more silver in Arizona (May 02, 2011)
Highlights from step-out and infill drilling at Wildcat Silver’s (WS-V) Hermosa silver project in Arizona include 26 metres of 346.52 grams silver per tonne, 12.24% manganese, 3.16% zinc, 4.22% lead and 0.30% copper in hole 117.
Market News (May 02, 2011)
Toronto Stock Exchange
Spot prices (May 02, 2011)
Tuesday, Apr. 26, 2011
LME warehouse levels (May 02, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 21, 2011 (change from Apr. 14 in brackets):
Fiji-bound: Lion One hunts for elephants
After 14 unsuccessful years trying to build Cuba’s grandest chain of tourist resorts, North Vancouver stock promoter Walter Berukoff has moved on to a new tropical destination: Fiji. There, he plans to explore and develop a gold project named…
Editorial: Is Barrick tired of gold?
We keep getting surprised by the latest developments in the fate of newbie copper miner Equinox Minerals.
Producer and dealer prices (May 02, 2011)
Antimony: Mid-mkt US$16,800/t
GFMS: Gold to pass US$1600 in 2011
The following was released by GFMS and outlines the highlights of its Gold Survey 2011. The summary draws from a briefing given by GFMS chairman Philip Klapwijk in London. For more information and to buy the full report visit www.gfms.co.uk.
Daily metal prices (May 02, 2011)
DateApr. 25Apr. 22Apr. 21Apr. 20Apr. 19
French Green Party opposes Rockgate’s Malian uranium plans
Along with many other uranium explorers and producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis at the…