TSX VENTURE EXCHANGE -April 20-26
The S&P/TSX Venture composite index climbed back up towards its post-recession high over the April 20-26 trading week, gaining 18.89 points to close the week at 1672.85. Daily trading volumes were…
News
TORONTO STOCK EXCHANGE -April 20-26
The TSX composite index increased over the April 20-26 trading period, gaining 178 points, or 1.5%, to close at 12,102.97 points.
PEOPLE (May 03, 2010)
Big Bear Mining– John Glasscock appointed a director.
Newcrest still in running for Lihir
Despite Lihir Gold’s (LGG-T, LGL-A, LIHR-Q) rejection of Newcrest Mining’s (NCM-A) offer on April 1, the potential to create the leading gold company in Asia Pacific may be too strong to ward off inde…
Shaft collapse kills worker at Wolverine mine
VANCOUVER — A shaft collapse at the Wolverine mine in the Yukon has killed one worker, marking the second death at the mine in the past year.
Mineral exploration in the NWT falls 80% in 2009
Canada’s Northwest Territories seems to be of waning interest to mine-finders, according to a new estimate from Natural Resources Canada (NRCan).
Copper fundamentals strong; Mitsubishi ups stake in Escondida (May 03, 2010)
Three large Japanese companies are investing a total of more than 50 billion yen ($533.9 million) for an additional combined ownership stake of 2.5% in Chile’s Escondida mine, Reuters news agency repo…
Taxes and rumours of taxes
Governments squeezed the golden mining goose a little tighter in two major mining countries over the week.
GobiMin sells Yanxi deposit
GobiMin (GMN-V) has agreed to sell most of its equity interest in the Yanxi copper deposit in China’s Xinjiang province for $9 million in convertible bonds and cash to China Daye Non-Ferrous Metals Mi…
First Uranium lowers value of operations (May 03, 2010)
VANCOUVER — First Uranium (FIU-T, FUM-J) has been forced to significantly drop the estimated value of its South African gold-uranium operations after cost escalations and permitting issues.
Sweet gold hits for Virginia at Wabamisk
VANCOUVER — In its search for high-grade gold and silver veins, Virginia Mines (VGQ-T) has drilled a few enticing high-grade gold hits at its Wabamisk property in Quebec.
More high-grade, shallow gold for Avion in Mali
VANCOUVER — The near-surface gold grades at the Tabakoto project in Mali keep getting better for Avion Gold (AVR-V) and now the company is being rewarded for its efforts with a $25-million bought-dea…