New York futures for gold, copper tumble on WSJ tariff report
Premiums for gold traded on the US-based Comex over the London spot market halved following the news report, to around $20 an ounce.
Small B.C.-based junior Serengeti Resources (TSX-V: SIR) signed on a sizeable partner to explore territory thick in prospective copper-gold porphyries. Mining giant Freeport McMoRan Copper & Gold (NYSE: FCX) inked an exploration agreement with Serengeti Resources that could see a 51-49-percent joint venture in Freeport’s favour formed on Serengeti’s Choo and Tchentlo properties, not far from Thompson Creek Metals’ Mt. Milligan copper-gold project.
