Anglo American shrinks trading unit as part of major restructuring
The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.
Paramount Gold and Silver was up 4.8% to $2.40 after announcing gold and silver values from 10 core holes drilled on its San Miguel Vein deposit in Mexico.
“All 10 holes drilled in late 2011 on the San Miguel Vein deposit returned multiple intercepts of significant gold and silver mineralization including 5.1 meters grading 6.58 grams per tonne of gold and 1,285.9 grams per tonne of silver,” said the company.
Read the full news release here.
Paramount Gold and Silver is a exploration and development property with projects in Nevada and northern Mexico.
