-- Posted 29 May, 2007 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $656.70 | +$1.80 |
Silver | $13.14 | +$0.24 |
XAU | 135.40 | -0.29% |
HUI | 321.56 | -0.21% |
GDM | 1032.99 | -0.63% |
JSE Gold | 2730.87 | +0.90% |
USD | 82.31 | -0.05 |
Euro | 134.53 | +0.01 |
Yen | 82.26 | +0.10 |
Oil | $63.15 | -$2.05 |
10-Year | 4.882% | +0.021 |
T-Bond | 109.09375 | -0.15625 |
Dow | 13521.34 | +0.10% |
Nasdaq | 2572.06 | +0.58% |
S&P | 1518.11 | +0.16% |
The Metals:
Gold remained near unchanged during world trade on Monday and Asian trade early Tuesday before it began to rise in London and early New York trade to find about 1% gains above $660 by 10AM EST, but it then fell back off for the rest of trade and closed with a gain of just 0.27%. Silver saw over 2% gains above $13.20 by 10AM EST before it also dipped lower for the rest of trade, but it still ended with a healthy gain of 1.86%.
Euro gold rose to about €488, platinum lost $17 to $1,261, palladium gained $7 to $371, and copper fell a couple of cents to about $3.38.
Gold and silver equities rose about 1% in the first half hour of trade before they steadily fell off for most of the rest of trade and saw near 1% losses by mid-afternoon, but they then rallied back higher in the last hour of trade and ended with negligible losses.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Confidence | May | 108.0 | 104.5 | 106.3 |
Tomorrow at 2PM EST brings FOMC minutes from their May 9th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell about 3% as a new president took office in Nigeria without conflict and Nigerian unions suspended a strike.
The U.S. dollar index fell as the euro found strength on comments suggesting more interest rate increases by the ECB, but the dollar did come off its lows and end just modestly lower after Consumer Confidence came in better than expected and pushed interest rates higher.
Treasuries fell as Consumer Confidence showed higher than expected economic growth and inflation expectations.
The Dow, Nasdaq, and S&P opened higher on more takeover activity and lower oil before they fell back off and saw losses by early afternoon, but they then rallied back higher in the last two hours of trade and ended slightly higher.
Among the big names making news in the market today were URS and Washington Group, RBS and ABN, Tishman, Lehman, and Archstone, and JBS and Swift.
The Commentary:
“June Gold finished up 1.9 at 657.2, 4.7 off the high and 1 up from the low.
July Silver closed up 0.223 at 13.223. This was 0.133 up from the low and 0.077 off the high.
While the gold market didn't hold all of the initial the big range up extension, the fact that the market at least temporarily challenged the bear camp would seem to countervail a portion of the patently bearish May market action. With the Dollar forging a big range down extension, there are some traders thinking that a change of trend might be developing in that market and that could be giving some fundamental hope to the bull camp. However, at least a portion of the gold trade was lamenting the sharp gains in the stock market, suggesting that the market could once again be faced with a migration of capital. However, the gold market should have been cheered by the fact that the US Dollar was down in the face of better than expected US scheduled data. Some might have considered it a positive to see gold prices hold in positive ground in the face of the late morning slide in energy prices.
While the gold market started out positive, rallied aggressively and then set back into mid session, the silver market started out firm and mostly held all of its gains and that was an impressive turn of events. In fact, the ability to hold onto the gains in the face of overt weakness in copper and platinum prices made the silver action look even more impressive. As suggested in the mid day coverage the silver market was probably lifted in part by a combination of technical stop loss buying and perhaps even fresh fund buying as the market cleared the closely watched 200 day moving average.” - The Hightower Report, Futures Analysis and Forecasting
GATA Posts:
Deliberately missing the big points about gold
How soon will MorganChase, Goldman need seats on this exchange?
Why the Plunge Protection Team needs scrutiny
First the Mint went after the Liberty Dollar; now it's the Silver Surfer
U.S.-based lender touts a dollar carry trade
James Turk: Central bank dishoarding isn't breaking gold
There's really no rationalizing the gold price suppression scheme
Max Keiser and Al Jazeera examine rigged U.S. markets
Iran says 70% of its oil sales are now outside dollar
Peter Grandich endorses GATA's work in Canadian radio interview
John Embry raps Greenspan and World Gold Council leader
The Statistics:
As of close of business: 5/25/2007
Gold Warehouse Stocks: | 7,667,935 | - |
Silver Warehouse Stocks: | 132,127,715 | +114,454 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 472.23 | 15,182,570 | US$ 9,946m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 90.82 | 2,919,998 | US$ 1,917m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.92 | 382,886 | US$ 252m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 12.57 | 404,178 | US$ 266m |
Note: Change in Total Tonnes from yesterday’s data: The ASX added 0.08 tonnes and the JSE added 0.37 tonnes.
COMEX Gold Trust (IAU)
Profile as of 5/25/2007 | |
Total Net Assets | $967,071,196 | Ounces of Gold
in Trust | 1,476,628.340 |
Shares Outstanding | 14,900,000 | Tonnes of Gold
in Trust | 45.93 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 5/25/2007 | |
Total Net Assets | $1,754,883,811 | Ounces of Silver
in Trust | 135,821,754.600 |
Shares Outstanding | 13,650,000 | Tonnes of Silver
in Trust | 4,224.53 |
Note: No change in Total Tonnes from yesterday’s data.
The Stocks:
Tanzanian royalty’s (TRE) private placement, Gold Reserve’s (GRZ) closed over-allotment options, Orezone’s (OZN) new permits, Nevsun’s (NSU) water shortage, Kinross Gold’s (KGC) appointed vice-president, Aurelian’s (ARU.TO) proposed stock split, Palmarejo’s (PJO.V) financial results, U.S. Silver’s (USA.V) drill results, Sterling’s (SRLM.OB) mine development, SNS Silver’s (SNS.V) hired IR firm, new geology staff member, and drilling, Arian Silver’s (AGQ.V) drill results, Fortuna’s (FVI.V) financial results, and First Majestic’s (FR.V) mine update were among the big stories in the gold and silver mining industry making headlines today and yesterday.
WINNERS
1. Cardero | CDY +5.26% $2.00 |
2. Entree | EGI +4.43% $2.12 |
3. Metallica | MRB+4.27% $4.64 |
LOSERS
1. Allied Nevada | ANV -4.28% $4.47 |
2. Richmont | RIC -3.41% $2.73 |
3. Fronteer | FRG-3.35% $11.84 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's and yesterday’s gold and silver stock news:
Dragon Capital (Arehada) reports first quarter results - More
- May 29, 2007 | Item | E-mail
Energentia Announces Year-end Results - More
- May 29, 2007 | Item | E-mail
CanAm Uranium Completes Property Option Agreement to Expand in the Athabasca Basin - More
- May 29, 2007 | Item | E-mail
Atlanta Gold Announces Engagement of Environmental Manager and Other Environmental Initiatives - More
- May 29, 2007 | Item | E-mail
Pro-Spect-Or Resources Inc. Announces Closing of Financing With the MineralFields Group - More
- May 29, 2007 | Item | E-mail
Wildwood Management Corporation Provides Corporate Profile and Company Business Plan - More
- May 29, 2007 | Item | E-mail
Melkior: Suspension of Drilling Activities at Otish Uranium Project - More
- May 29, 2007 | Item | E-mail
Tournigan Receives Positive Pre-Feasibility on Kremnica Gold - More
- May 29, 2007 | Item | E-mail
Palmarejo Silver and Gold Corporation Announces Its Financial Results for the Third Quarter Ended March 31, 2007 - "Financial highlights (in Canadian dollars) for the quarter include total capitalized exploration and project development expenditures of $16,186,000, administration costs of $316,000 and interest income of $360,000. A total of 242,000 stock options were exercised during the quarter for cash proceeds of $367,500." More
- May 29, 2007 | Item | E-mail
Weststar Resources Corp.: New Trading Symbol - More
- May 29, 2007 | Item | E-mail
U.S. Silver Corporation Reports Continued Success of Core Drilling on the 3400 Level of the Galena Mine - "U.S. Silver Corporation ("U.S. Silver") (CDNX:USA.V - News) recently completed a twenty-four hole underground exploration drilling program in the lead-silver zone of the 3400 level at their underground Galena mine near Wallace, Idaho. Drilling results from silver bearing galena mineralization continue to show great promise as these new areas have provided excellent results. The last drill hole from this first phase of drilling in the 3400 lead-silver zone intersected 13.5 feet (true thickness) of 11.77 ounce per ton (opt) silver and 13.97 percent lead." More
- May 29, 2007 | Item | E-mail
Tanzanian Royalty Chairman Completes First Tranche of New C$3 Million Private Placement - "Tanzanian Royalty Exploration Corporation advises that Mr. James E. Sinclair has completed the first tranche of the private placement announced on August 10, 2006 (the "Placement") whereby Mr. Sinclair agreed to purchase common shares of the Corporation representing an aggregate value of $3,000,000. Such shares are to be purchased in 8 quarterly tranches of $375,000 each, commencing February 1, 2007." More
- May 29, 2007 | Item | E-mail
Corriente Resources Inc.: Environmental Impact Assessment Update for Mirador - More
- May 29, 2007 | Item | E-mail
Sterling Advances Lower Mine Development at the Sunshine Mine - "Sterling Mining Company (OTCBB:SRLM - News) today announced that the Company's Sunshine Mine crews have completed excavation of a major underground electrical substation on the 3100 level of the Sunshine Mine. The substation which is designed to transform 13,200 volt power from the surface into 2400 and 480 volt power is essential to conduct mining activities on 3100 level and 2700 level." More
- May 29, 2007 | Item | E-mail
SNS Silver Hires Investor Relations Firm - "SNS Silver Corp (TSX-V: SNS - News) is pleased to announce that SNS has engaged Scott F. Gibson & Company to assist in the design and implementation of a comprehensive marketing and investor communications program for the company." More
- May 29, 2007 | Item | E-mail
Boomerang Uranium Project - 2007 Update - More
- May 29, 2007 | Item | E-mail
Haber Inc. Receives Four Prospecting Licenses Totaling 469 Square Kilometers in Ghana's Gold Prolific Sewfi Belt - More
- May 29, 2007 | Item | E-mail
Alturas Minerals Closes $10,000,000 Financing - More
- May 29, 2007 | Item | E-mail
Drilling Discovers New High Grade Vein at Rice Lake - More
- May 29, 2007 | Item | E-mail
Azimut's update on 13 uranium exploration properties in Quebec - More
- May 29, 2007 | Item | E-mail
Royal Gold Announces Third Quarter Dividend - "ROYAL GOLD, INC. (Nasdaq: RGLD - News; TSX: RGL - News), the leading publicly-traded precious metals royalty company, today announced that its Board of Directors has declared its third quarter dividend of $0.065 per share of common stock. The dividend is payable on July 20, 2007 to shareholders of record at the close of business on July 6, 2007. The Company has paid dividends since 2000." More
- May 29, 2007 | Item | E-mail
Capella to Raise up to $10,000,000 With Dundee Securities Corporation - More
- May 29, 2007 | Item | E-mail
C2C Adds Another Quebec Property and Enters Option Agreement with Canadian Royalties for the New Bidlamaque Prospect, Work to Begin Immediately - More
- May 29, 2007 | Item | E-mail
Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): President and COO of Consolidated Mining and Minerals Has Started the Testing of Properties - More
- May 29, 2007 | Item | E-mail
Merrex Intersects 20.16% Zinc Lead Over 2.7 Metres NI 43-101 Resource Estimate Commissioned - More
- May 29, 2007 | Item | E-mail
Gold Eagle exploration update - More
- May 29, 2007 | Item | E-mail
Temoris Resources Inc.: Drilling Begings on Mapimi - More
- May 29, 2007 | Item | E-mail
Transglobal Mining Welcomes James Wayne McLeod, as VP of Exploration and Board Member - More
- May 29, 2007 | Item | E-mail
Typhoon Initiates Exploration at its Monexco Property - More
- May 29, 2007 | Item | E-mail
Royal Quantum Acquires Additional Uranium Claims in Wyoming - More
- May 29, 2007 | Item | E-mail
A Cash Dividend (Profit-Sharing) To Be Issued to PAIM's Shareholders of Record of June 30, 2007, Payable on August 31, 2007, Pearl Asian Mining Announces! - More
- May 29, 2007 | Item | E-mail
Skyline Announces Completion of Bronson Slope Current Resource Estimate - More
- May 29, 2007 | Item | E-mail
Radius Announces Initial Sampling Results From Its Trebol Property, Nicaragua - More
- May 29, 2007 | Item | E-mail
Africo Resources Ltd. - Update on legal proceedings in the DRC - More
- May 29, 2007 | Item | E-mail
WSR Drills 76.00 Meters Grading 2.70 Grams Per Ton of Gold at the Peters Property - More
- May 29, 2007 | Item | E-mail
Arianne Acquires a Uranium Property in Bas-Saguenay, Quebec - More
- May 29, 2007 | Item | E-mail
Unico, Inc. Announces Master Electrical Services Agreement to Meet Power Requirements at the Deer Trail Mine - More
- May 29, 2007 | Item | E-mail
Geneva Resources, Inc. Appoints Stacey Kivel as President and CEO - More
- May 29, 2007 | Item | E-mail
100% Interest in Broulan Reef Gold Project Earned, Red Lake, Ontario - More
- May 29, 2007 | Item | E-mail
Carpathian Gold Announces Initial Mineral Resource-Multi-Million Ounce Gold Estimate - More
- May 29, 2007 | Item | E-mail
Franc-Or Buys Back-in Right at Mario, Peru Property - More
- May 29, 2007 | Item | E-mail
Full Metal Acquires Zinc-Lead-Silver Prospects in the Yukon - More
- May 29, 2007 | Item | E-mail
Uranium Hunter Engages Top Firm as Consulting Geologist - More
- May 29, 2007 | Item | E-mail
Consolidated Spire Ventures Announces the Start of the 2007 Exploration Program on the Prospect Valley Gold/Silver Project, Merritt, BC, Canada - More
- May 29, 2007 | Item | E-mail
Luiri Gold Drilling Confirms Extended Gold Mineralization at the Luiri Hills Project, Zambia - More
- May 29, 2007 | Item | E-mail
Romarco to Focus on Pinos, Haile-Production Oriented - More
- May 29, 2007 | Item | E-mail
Moly Mines Expands Spinifex Ridge Landholding - More
- May 29, 2007 | Item | E-mail
General Metals Corp Amends Record Date for 11:10 Forward Split until June 29, 2007 and Awaits Bond Approval for Start of Drilling at Independence Mine - More
- May 29, 2007 | Item | E-mail
Phase I Drilling at Jinshan's Dadiangou Property Delineates Two-Kilometre Mineralized Gold Zone - More
- May 29, 2007 | Item | E-mail
Sunridge Gold Reports High-Grade Assays From Adi Nefas and New VMS Style Mineralization at Kodadu, Asmara Project - More
- May 29, 2007 | Item | E-mail
Fortune Minerals announces agreement in principle to purchase minority interest in NICO project - More
- May 29, 2007 | Item | E-mail
Trade Winds Continues to Intersect Near Surface Mineralization in the Gold M Zone on Its 50% Block A Property at Detour Lake, Ontario - More
- May 29, 2007 | Item | E-mail
Dhanoa Minerals Projects Annual Revenues of $170 Million by Second Year of Production - More
- May 29, 2007 | Item | E-mail
U. S. Antimony Announces Increased Antimony and Zeolite Production - More
- May 29, 2007 | Item | E-mail
Sherwood Reports Yukon Utilities Board Approves Revised Power Purchase Agreement - More
- May 29, 2007 | Item | E-mail
FNX Continues to Expand Levack Footwall Deposit - More
- May 29, 2007 | Item | E-mail
Hemis Announces Gold Exploration Program in Alaska - More
- May 29, 2007 | Item | E-mail
Sidon International Resources Corp. Adds International Expertise to Its Team - More
- May 29, 2007 | Item | E-mail
Pershimco Resources Announces the Acquisition of 13 Claims on the Courville Property in Abitibi, an Issue of Shares for Debt, as Well as the Issuance of Stock O - More
- May 29, 2007 | Item | E-mail
Vena Resources Graduates to the TSX - More
- May 29, 2007 | Item | E-mail
Hawk Receives Conditional Approval to List on the TSX Venture Exchange - More
- May 29, 2007 | Item | E-mail
Opawica Explorations Inc.: Private Placement, Option & Joint Venture-Northgate Minerals Corp. - More
- May 29, 2007 | Item | E-mail
Ruby Red Resources commences drilling program in S.E. British Columbia - More
- May 29, 2007 | Item | E-mail
Acero-Martin Earns 100% Interest in Main Concessions at Pinaya Gold-Copper Deposit - More
- May 29, 2007 | Item | E-mail
Geodex strengthens it's Board of Directors - More
- May 29, 2007 | Item | E-mail
Asia Now Resources Proxy Revision for the Annual and Special Meeting of the Shareholders-June 12, 2007 - More
- May 29, 2007 | Item | E-mail
Ecuador halts Canada's Corriente project activity - More
- May 29, 2007 | Item | E-mail
Ecuador minister downplays state mining role report - "Ecuador's mining minister downplayed on Monday a news report of the government wanting to greatly expand the state's role in the mining sector, which had sparked selling in some companies' shares.
The share prices of Canadian mining companies with interests in Ecuador fell on Friday after an online news report quoted Interior Minister Gustavo Larrea as saying Ecuador wanted legislation to allow it to take up to 80 percent of the sector's earnings." More
- May 29, 2007 | Item | E-mail
Significant Copper & Silver Results from the Copper Hill Mine, Satellite Project, Yerington, Nevada - More
- May 29, 2007 | Item | E-mail
Jasper Mining Corporation drills multiple holes containing molybdenum, copper and tungsten at Erie Creek - More
- May 29, 2007 | Item | E-mail
Amarillo Releases Drilling and Assaying Update From its Lavras do Sul Project - More
- May 29, 2007 | Item | E-mail
Western Troy Announces Winter Drill Results, Plans 6,000 Meter Summer Program at MacLeod Lake - More
- May 29, 2007 | Item | E-mail
Ascendant Copper Announces Drill Results From Its Chaucha Copper-Moly Project, Ecuador - More
- May 29, 2007 | Item | E-mail
Virginia Sells its Tantale Erlandson and Uranium Nord Properties and Signs a Partnership Agreement With Nunavik Mining Exploration Fund (NMEF) on the Champdore - More
- May 29, 2007 | Item | E-mail
Continuum Earns 70% Interest Under Option Agreement for Natividad Mine - More
- May 29, 2007 | Item | E-mail
Almo Capital Corp. - Induced Polarization survey of the Moore Property now received - More
- May 29, 2007 | Item | E-mail
Amera Resources Corporation: Definitive Agreement on Laguna Gold Project Finalized; Planning and Permitting for Drilling Underway - More
- May 29, 2007 | Item | E-mail
Farallon Updates Drilling at G-9 Deposit: High Grade Intersections Continue to Be Made - More
- May 29, 2007 | Item | E-mail
ATW Venture Corp. Provides Update on Drilling at Marifil's Amarillo Copper-Gold Project - More
- May 29, 2007 | Item | E-mail
Midlands Minerals Announces up to $2.4 Million Private Placement to Accelerate Drilling on Sian-Ghana - More
- May 29, 2007 | Item | E-mail
Etruscan Diamond Drilling on Kobokotosou Gold Target in Mali West - More
- May 29, 2007 | Item | E-mail
La Mancha Completes the Renewal of the Ity Mine's Mining Permit - More
- May 29, 2007 | Item | E-mail
Scorpio Mining Corporation Pre-Feasibility Update - More
- May 29, 2007 | Item | E-mail
FNX Quadruples Resource Base - More
- May 29, 2007 | Item | E-mail
Gold Fields Agrees to Invest Further Into Lero Gold - More
- May 29, 2007 | Item | E-mail
New Cantech Ventures Inc. Announces Option to Acquire Two Nickel Properties In Northwest Territory - More
- May 29, 2007 | Item | E-mail
Minera Andes receives extension for filing - More
- May 29, 2007 | Item | E-mail
Dorex Minerals Inc. - News Release - More
- May 29, 2007 | Item | E-mail
Sierra Provides Status Report - More
- May 29, 2007 | Item | E-mail
Appalaches Resources Inc.: Six New Uranium Properties Acquired - More
- May 29, 2007 | Item | E-mail
CityView Longonjo Carbonatite: Assay Results - More
- May 29, 2007 | Item | E-mail
Exelon VP to Uranium Speculators: Thanks for the Price Rise - More
- May 29, 2007 | Item | E-mail
Uranerz Energy Corporation: Environmental Permitting Update - More
- May 29, 2007 | Item | E-mail
Northwestern reports 1.0% uranium mineralization on its Niger properties - More
- May 29, 2007 | Item | E-mail
BacTech Resumes Work at Godbout Uranium Project - More
- May 29, 2007 | Item | E-mail
Stellar Pacific double his land position in the Otish Mountains uranium play - More
- May 29, 2007 | Item | E-mail
Paladin Resources-Takeover Bid for Summit Resources Limited: 80.1% Acceptance (CGT Rollover) & No Further Extensions - More
- May 29, 2007 | Item | E-mail
CanAlaska Uranium Ltd. - Winter Program Intersecting Uranium Zones: Drilling to Continue - More
- May 29, 2007 | Item | E-mail
Uranium City Resources Closes Private Placement Offering - More
- May 29, 2007 | Item | E-mail
Cameco Pursues Kazakh Nuclear Fuel Opportunities - More
- May 29, 2007 | Item | E-mail
Matamec Postpones its Annual Meeting in Light of a Proposed Arrangement Concerning the Transfer of its Uranium Properties to a Wholly-Owned Subsidiary - More
- May 29, 2007 | Item | E-mail
Tournigan Seeks to Unlock Shareholder Value by Separating Its Gold and Uranium Assets - More
- May 29, 2007 | Item | E-mail
Paladin Resources Ltd.: Kayelekera Project, Malawi - More
- May 29, 2007 | Item | E-mail
Jourdan Resources: Closing of the Wakeham Sedimentary Basin Material Acquisition - More
- May 29, 2007 | Item | E-mail
Gold Reserve Inc. Closes Underwriters' Exercise of Over-Allotment Option - "Gold Reserve Inc. (TSX:GRZ - News; AMEX:GRZ - News) announced today that it has closed the previously announced exercise by the underwriters of their over-allotment options to purchase an additional US$13,500,000 principal amount of senior subordinated convertible notes ("Convertible Notes") and 962,300 Class A common shares ("Common Shares") at US$5.80 per share. The Company will receive aggregate net proceeds from the exercise of the over-allotment options of approximately US$18 million after deducting underwriting fees and estimated expenses." More
- May 29, 2007 | Item | E-mail
Orezone Expands Sega Project - "Two new permits Namasa and Tiba permits have been granted to Orezone Inc, a wholly owned subsidiary of the company. In addition, five contiguous permits have been optioned by Orezone Inc. through joint venture agreements, for a total land package of nearly 1200km2. The land package maintains previously defined resources and replaces the Seguenega permit, which expired in January 2007." More
- May 29, 2007 | Item | E-mail
Arian Silver Corporation: Calicanto Phase-One Drill Results - "Arian Silver Corporation ("Arian" or the "Company")(TSX VENTURE:AGQ - News; AIM:AGQ)("PLUS":AGQ)(FRANKFURT:I3A - News) is pleased to announce the silver, gold and base metal assay results of a sixteen hole, 3,100 metre, NQ-size, diamond-drilling programme at its Calicanto property, Zacatecas state, Mexico." More
- May 29, 2007 | Item | E-mail
Nevsun Resources Ltd.: Tabakoto Mine Water Shortage - "Nevsun Resources Ltd. (Toronto:NSU.TO - News)(AMEX:NSU - News) ("Nevsun") wishes to advise that due to a water shortage at its water pumping station on the Faleme River in Mali, the Tabakoto Mine process plant and associated operations will likely need to be suspended sometime during the next few days. The seasonal rains have not yet started in the Kenieba district where the Tabakoto Mine is located, and the plant water reservoir has been depleted by higher than anticipated evaporation rates." More
- May 29, 2007 | Item | E-mail
SNS Silver Enhances Crescent Mine Geology Staff - "Jesse focused much of his undergraduate study on the Revett Formation as it runs through the Silver Belt, of which the Crescent Mine is a central part. He will be reporting directly to Brian White, our chief geologist, and assisting him with matters pertaining to geologic mapping of the structures, which we believe look most promising as hosts to silver-bearing veins in the Crescent's upper country." More
- May 29, 2007 | Item | E-mail
Kinross Gold Appoints Senior Vice-President, Government Relations and Corporate Affairs - "Mr. Crossland joins Kinross with 20 years of experience in the areas of government and public relations, public affairs and marketing communications. He has served as a senior executive at several international communications groups, with roles in client servicing, mergers, acquisitions and business operations in Canada, the United States and United Kingdom. Most recently, Mr. Crossland was Executive Vice-President of the Cossette Communication Group Inc." More
- May 29, 2007 | Item | E-mail
Fortuna Silver Files First Quarter 2007 Financial Results - "During the first quarter of 2007 the Company delivered strong operating performance recording revenue of $5.74 million from the sales of lead-silver and zinc concentrate from the Caylloma Mine. Net cash provided by operating activities at the consolidated level totaled $1.83 million." More
- May 29, 2007 | Item | E-mail
First Majestic Silver Corp.: San Martin Silver Mine Update and New NI 43-101 Resource - "FIRST MAJESTIC SILVER CORP. (CDNX:FR.V - News)(Other OTC:FRMSF.PK - News)(Frankfurt:FMV.F - News)(WKN: A0LHKJ) (the "Company") is pleased to announce an update regarding its activities in Mexico at the San Martin Silver Mine and the resource development presently underway." More
- May 29, 2007 | Item | E-mail
SNS Silver Collars First Surface Drill Hole - "SNS Silver Corp. ("SNS" or the "Company") (TSX-V: SNS - News) reports that the first surface drill hole at the Crescent Mine property will be set up during this current week of May 28, using the newly refurbished Atlas-Fausett Longyear 38 drill." More
- May 29, 2007 | Item | E-mail
Aurelian Seeks Shareholder Approval for Stock Split - "The proposed split should bring our share price below $10, allowing for broader participation in ARU stock and, ultimately, resulting in enhanced liquidity and an expanded shareholder base," says Patrick F.N. Anderson, Aurelian's President & CEO. "We appreciate the market's enthusiastic reaction to our gold discovery in Ecuador and the resulting increase in the value our shares over the past year. Our goal is to make ARU stock easily accessible once again to individual investors." More
- May 29, 2007 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 29 May, 2007 | |
