Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Colossus Minerals Inc. declared the acceleration of the Company’s development plans for the Serra Pelada gold-platinum- palladium project, the Colossus-COOMIGASP joint venture, located in Para State, Brazil. Colossus also welcomes the newly elected President and Board of Directors of COOMIGASP. For full story, click here
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.
Prices of precious metals platinum, palladium and silver are expected to slump next year as demand sags in line with economic growth. This is tough news, considering how much of a price decline the metals have already witnessed in 2008.
Colossus Minerals Inc. is pleased to announce that it has intersected further high grade gold-platinum-palladium in drilling of the Central Mineralised Zone of the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil. For full story, click here
Tuesday, August 4, 2009