Overview
Avanti has acquired an undivided 100% direct interest in the past producing Kitsault Molybdenum mine in Northern British Columbia. A recently released Preliminary Feasibility Study estimated operating costs of $4.43/lb of moly and undiscounted net cashflow of $1.5 billion. Avanti intends to develop this mine in a manner acceptable to First Nations and all stakeholders [...]
Gold Investing News reports gold price almost approaching the $1,000 level.
Spot gold earlier fell to its lowest since May 28 of $951.50 per ounce. But it was up 0.4 per cent at $958.90 per ounce, compared with New York’s notional close of $955.30 on Friday. U.S. gold futures for August delivery trimmed earlier losses of about [...]
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 rallying under pressure from the stock market.
On Thursday, the metal broke below its 100-day moving average at $885, and sell stops were triggered. “The close below $885 could indicate more pressure to come over the next couple of sessions, with $869 the next support level. It’s seeing some technical selling,” said [...]
Gold Investing News reports the US dollar’s rally has hit gold price.
The yellow metal often moves inversely to the U.S. dollar because gold is seen as an alternative to the greenback. The dollar advanced against its major rivals Friday in New York as the rally in riskier currencies broke down ahead of key policy meetings [...]
Overview
Kootenay Gold Inc. is an exploration and mining Company focused on the exploration and development of its top priority Promontorio Silver Project situated within the mineral rich Sierra Madre trend of Mexico. Encouraging results from Phase I & II drilling on the Promontorio suggests the possible existence of a large Porphyry system similar to major [...]
Gold Investing News reports AMI Resources Inc., a Canadian exploration and development stage company.
AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa.
For complete story, click this link. Follow developments [...]
Copper Investing News reports copper prices have been low with the slow global economic recovery.
On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative of [...]
Copper Investing News reports copper prices jumped 13% on the London Metal Exchange.
On Thursday, copper lost some footing, retreating almost 5 per cent in early trading as rising London Metal Exchange stocks halted this week’s short-covering rally. London Metal Exchange copper warehouse stocks increased by 1,750 tonnes to 217,300 tonnes on Wednesday. COMEX copper stocks [...]
Wednesday, January 6, 2010
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