Silver Investing News reports Arian Silver’s loss of $481,000 in pre-taxes.
Silver explorer Arian Silver has posted a pre-tax loss of $481,000 in the quarter to March 31 after deferring all Mexican silver exploration until it receives new funding.
For complete story, click this link.
Follow developments in resource mining and exploration for free.
Sign on to The [...]
Gold Investing News reports gold has a better outlook than the US economy.
Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on Friday, when it touched $933.65, its highest level in seven weeks, after data showed U.S. core inflation in April rose more than [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers.
The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously.
In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 million deal [...]
Gold Investing News reports gold price rallies with news of global pandemic flu spreads.
By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April at $918.25 on Monday. Fears of a global swine flu pandemic grew with new infections in the United States and Canada on [...]
Gold Investing News reports gold prices fell slightly while the dollar strengthened.
According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices.
Earlier on [...]
Nickel Investing News reports nickel price spurs with G20 leaders’ support for the global economy.
LME base metals posted gains across the board, with nickel leading the way, up 12.7 per cent. The impetus was a direct reflection of sentiment, but lacked a change in underlying supply-demand fundamentals. The sentiment adjustment also induced a short-covering rally, [...]
Nickel Investing News reports nickel has taken a dive to 80% since May 2007.
Nickel demand for 2009 is forecasted to see a second annual decline. Global demand will reach 1.15 million tonnes this year; consumption was 1.27 million tonnes last year. Stainless-steel accounts for about two-thirds of nickel demand. Demand from the top market, the Chinese [...]
The Chicago Resource Expo will be held on April 24th and 25th in Rolling Meadows, Illinois. It is the oldest conference of its type in North America, and provides a unique, intimate venue of exhibitors, attendees, as well as keynote speakers.
This semi annual event, started by Richard Radez back in 1977, offers investors the opportunity [...]
Sprott Moly fund is being “unwound”. They are distributing the assets to shareholders.
ELN - high grade copper on Democratic Republic of Congo including 7m of 7% copper and 21m of 2.4% copper. $2.7m cash.
LAT – 7g/t gold in Paraguay. $5.2m in cash
GEM – lots of uranium drill results in Ontario. All low grade. Still $4.6m [...]
Nickel Investing News reports nickel markets were relieved with China’s stimulus package recently.
A declining greenback made the metals more economical for holders of other currencies. Short covering as investors who had bet on lower prices bought back their positions helped nickel rise 13 per cent.
For complete story, click this link. Follow developments in resource mining [...]
Friday, May 29, 2009
0 Comments