Avanti Mining Has Named New President

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Avanti Mining Inc. has named Mark Premo as its new president and chief executive officer.

“I am pleased with the opportunity and look forward to accomplishing the objectives of putting Kitsault into production and thus realizing the true value of this world class molybdenum asset,” Premo says.

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese silver, which saw a 6.7 percent decline. This comes on the heels of a 3.4 percent increase the week before. The price of Chinese silver rose 1.9 percent after falling 4.0 percent during the previous week. The price of Indian silver rose 1.2 percent after falling 0.5 percent during the previous week. Prices for US silver remained constant.

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Following a 3.1 percent increase in the week prior, the price of Japanese gold bullion fell 3.2 percent last week. Indian gold bullion gained a slight 2.4 percent this past week. The price of Chinese gold bullion rose 1.2 percent after falling 1.2 percent during the previous week. The price of US gold bullion rose 0.8 percent after falling 0.2 percent during the previous week.

The price of Japanese platinum bar fell 3.9 percent after rising 0.7 percent the week before. The price of Chinese platinum bar finished the week down 1.0 percent. The price of US platinum bar fell 1.0 percent over the past week. This was the third week in a row of declining prices.

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Following a 6.5 percent increase in the week prior, the price of Japanese palladium bar fell 2.5 percent last week. US palladium bar saw its price rise 1.4 percent over the past week. Chinese palladium bar prices ticked up 0.6 percent over the past week.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.