Price update

The price of lead continued to fall this month, with cash sellers offering US$2,056 a tonne, and three-month lead being sold for $2,083.50, according to LME prices quoted by Metal-Pages. That compares to $2,125 on September 11, and about $2,225 in mid-August.

Company news

Trevali Mining Corp. (TSX:TV)acame out with two good pieces of news this week, both involving its Santander zinc-lead-silver mine in Peru. On October 1st, Trevali said it started shipping concentrate from the mine to the Port of Callao, from about 4,000 tonnes of zinc and 1,000 tonnes of lead-silver concentrates stored in warehouses. A week later, the company had an exploration update. Trevali said it intersected three zones of high-grade, polymetallic mineralization that remain open for expansion. The new zones occur in the footwall of the Magistral Norte deposit.

 

Securities Disclosure: I, Andrew Topf, hold no direct investment interest in any company mentioned in this article.a

Related reading:

Lead and Other Metals "Jittery"

Doe Run Settles Lead Contamination Lawsuit from Lead Investing News

null