Add to watchlist:

Only registered members can add into watchlist !

Register here !
Belvedere Resources
Deal Belvedere Resources Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Belvedere Resources Limited is a Canadian incorporated mining company with a primary focus on gold and nickel in Finland.



Belvedere Resources focused on Kopsa assessment

Belvedere suspended nickel production from the Hitura mine in Finland in June due to the slump in the price of the metal.

Belvedere Resources (CVE:BEL) expects shortly to receive an assessment of the viability of using the mill at its Hitura nickel mine to process gold ore.

Belvedere suspended nickel production from the Hitura mine in Finland in June due to the slump in the price of the metal.

In its statement, the miner said it is closely monitoring the situation and if nickel prices improve to sustainable levels it will re-commence production.

David Pym, Belvedere’s chief executive, said it is now focused on completing the Kopsa gold copper project Preliminary Economic Assessment (PEA) and environmental permitting that will allow processing of the Kopsa ores through the Hitura mill.

Belvedere’s quarter to June reflected the suspension of nickel production at Hitura. Revenues fell to €4.1mln from €7.3mln, from 380 tonnes of production in concentrate, while there was a net loss of €814,000 (€822,000 profit).

Belvedere recently received a financial boost as Chinese giant Jinchuan deferred redemption of preference shares until 2015.

There will be no further redemptions or interest payments unless production resumes during this period, Belvedere said.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.