A mineral exploration company, Canada Zinc Metals Corp. (CZX – TSX Venture) has announced a private placement of 5,000,000 Units at a price of $0.60 per Unit for gross proceeds of up to $3,000,000. Peeyush Varshney, CEO & Chairman is quoted saying: “All of the company’s claims (77,889 Ha), with the exception of a small [...]
Nyrstar NV has announced that it has agreed to acquire a 19.9% interest in Ironbark Gold Limited (ASX-IBG) (Ironbark) for (approximately) €3.5 million. Mr Erling Sorensen, chief commercial officer of Nyrstar is quoted saying: “We are excited by this investment and our new relationship with Ironbark as we believe that the Citronen zinc-lead project has [...]
Farallon Mining Ltd. (TSX:FAN), a Canadian company with a zinc-rich polymetallic mine in Guerrero State, Mexico, has released another Q1 2010 production report. The company earned $6,2-million in the period, and generated $6-million in cash. CEO Dick Whittington is quoted saying: “The G-9 mine has increased production every quarter since production began in the first [...]
China reported to have discovered the largest lead-zinc mine in Lanping Bai and Pumi Autonomous County of Nujiang Lisu Autonomous Prefecture in Yunnan Province. For full story, click here
Macquarie research has recommeded Hindustan Zinc as the best-quality zinc mine with an average grade of 12%, making it the lowest cost producer of zinc. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne, to 68,900; whereas lead maintained its 70,200 per tonne level. Lead prices have remained strong [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
By Leia Michele Toovey- Exclusive to Zinc investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity cycles are [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
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