Imperial Metals (TSE:III) announced today that they have signed a definitive agreement to acquire all the outstanding shares of Selkirk Metals (CVE:SLK). The purchase price is $0.12 per Selkirk share or one Imperial share for each 30 Selkirk shares. With 87.5 million shares outstanding, this puts a value on Selkirk of approximately $10.5 million. From [...]
Continue reading "Imperial Scooping Up Selkirk"
Sunday, March 8, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of [...]
Continue reading "Lead and zinc fundamentals diverge"
Monday, March 2, 2009
By Leia Michele Toovey- Exclusive to Lead 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 [...]
Continue reading "Market sentiment wins in price tug-of-war"
Sunday, November 16, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]
Continue reading "Carbon tax could bankrupt Australian lead and zinc"
Tuesday, October 14, 2008
by Heather Matthews – exclusive to Lead Investing News Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment. Zinc is currently trading at a bid/ask of .06494/0.6585, [...]
Continue reading "Zinc and lead spot prices rally"
Monday, October 6, 2008
By Heather Matthews – Exclusive To Zinc Investing News Despite the passing of the $700 billion Treasury bailout plan, investor confidence remains extremely low as sellers are choosing to offload commodities, including zinc metal and lead metal, at a rapid pace. As of October 6/08, spot prices for zinc and lead have plunged 4.53 and [...]
Continue reading "Commodity sell-off affects zinc & lead"
Monday, September 29, 2008
This morning, officials from the G7 countries (U.S.A., Canada, Japan, Germany, France, Britain and Italy) held a conference call to discuss potential solutions to the pressing market crisis currently at play in world markets. This tentative plan includes a possible 700 billion dollar buyout of bad debts, including defaulted mortgages and other failed investments, with [...]
Continue reading "Zinc And Lead Rally As G7 Countries Plan Market Bailout"
Friday, August 8, 2008
By Daniella D’Alimonte – Exclusive to Lead Investing News Lead is currently hovering around 0.94 per pound, up over 0.20 from this time last month, but down about $0.46 from the corresponding period last year. Canadian Zinc Corporation (TSX: CZN) released Q2 financial results ending June 30. Although the company announced a net loss of $152,000, this is [...]
Continue reading "Prices and projects"
Friday, August 1, 2008
By Daniella D’Alimonte – Exclusive to LeadInvestingNews The spot price of lead had risen over US$0.20 in the last month, currently hovering around US$1.00. However, the rising production costs and limited power supply is affecting mining output and earnings across China. The quickly approaching Beijing Olympic Games are also putting the squeeze on the country’s [...]
Continue reading "China’s base metal mining facing hardship"
Friday, July 25, 2008
By Daniella D’Alimonte – Exclusive to LeadInvestingNews Although the prices of lead and zinc have already fallen substantially, analysts predict they still have further to fall. As mines continue to increase production of lead and zinc and surplus continues to grow over the next few years, investors can expect the prices to remain on the [...]
Continue reading "Declines to Continue"
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Tuesday, September 15, 2009