Premium Exploration Inc. reported today that the PGM anomalies previously reported at the Chrome Mountain PGM project were formed by the same type of processes that formed the Platreef PGM deposits in South Africa.
Continue reading "Premium’s Stillwater PGM Anomalies are Platreef"
Wednesday, February 11, 2009
Colossus Minerals Inc. announced results including 7.88 metres of 406g/t gold, 98.4g/t platinum, 115.7g/t palladium, 2.74g/t rhodium, and 1.52g/t iridium at a depth of 252 metres. The Serra Pelada project is located in Para State, Brazil. These results are not true width and the release indicates that true width is not known.
Continue reading "Colossus Reports Near Record Gold, PGM Grades"
Tuesday, January 13, 2009
On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.
Continue reading "Palladium chosen as safety against inflation"
Tuesday, December 16, 2008
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Continue reading "Palladium in limbo over auto bailout"
Tuesday, December 2, 2008
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.
Continue reading "Extended downside expected for palladium"
Tuesday, November 4, 2008
Palladium finally got some upside last Wednesday, when it rose 5 percent on the sentiment that the recent price slip in the metal was overdone. Prices for palladium have fallen 56 percent in the third quarter, dropped 34 percent last month alone.
Continue reading "Who will be better for palladium prices? Barack or John?"
Tuesday, October 21, 2008
Palladium prices rallied on Monday, as the weaker dollar encouraged a recovery in the commodities prices after heavy losses last week. Bargain hunting after last weeks lowest price point was hit drove spot palladium to an intraday high of $197 an ounce, more than a five percent rally.
Continue reading "Dollar rallies palladium, but auto industry woes set the tone"
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Wednesday, February 18, 2009