TORONTO STOCK EXCHANGE JUNE 10-16
The TSX was down slightly during the June 10-16 trading session, declining 16 points, or 0.1%, to 14,944. The oil price again took centre stage. Finance ministers from the G-8 countries gathered in Ja…
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U. S. MARKETS JUNE 10-16
It was a volatile week for U. S. markets as crude oil prices rose to a new record of US$139.89 per barrel. Higher costs for gas and food dominated the headlines, while housing starts slid 3.3% in May …
Atlas Copco readies new North Bay plant
Atlas Copco’s new exploration drilling and ground engineering manufacturing plant in North Bay, Ont., is expected to be completed by the end of June.
Radius engineers development deal at Tambor
Canadian junior gold explorer Radius Gold (RDU-V, RDUFF-O) has signed up engineering firm Kappes, Cassiday & Associates (KCA) to develop the company’s Tambor gold deposit in Guatemala.
Polaris expands plant in Nicaragua
Renewable energy-focused producer Polaris Geothermal (GEO-T, PGTHF-O) has signed a contract with Brazilian engineering company Queiroz-Galvao to expand its San Jacinto Tizate project.
Bannerman hires GRD Minproc for Goanikontes feasibility
Australia’s Bannerman Resources (BAN-T, BMN-A) has commissioned GRD Minproc to produce a full feasibility study for the company’s Goanikontes uranium project in Namibia.
Ecuador update: many questions, a few answers (June 23, 2008)
VANCOUVER–On June 9, fifty-two days after a mining mandate in Ecuador suspended all mining activity while the government drafts new mining legislation, the government began transferring the country’s…
Investors ask: Got potash?
The week ended June 14, the 24th trading week of 2008, revealed a new twist to the commodities boom, as a few scarce potash juniors became investor favourites, what with the quadrupling of potash pric…
Detour Gold continues to climb
VANCOUVER — Good gold grades continue to pour out of Detour Gold’s (DGC-T, DRGDF-O) Detour Lake project in northeastern Ontario’s Abitibi greenstone belt and its share price keeps on climbing.
Northern Freegold takes stock at Burro Creek
VANCOUVER– Northern Freegold Resources (NFR-V, NFRGF-O) completed a 33-hole, 2,565-metre drilling program this winter at Burro Creek, in southeastern Mohave Cty., Arizona, to get a handle on the proj…
Raytec shares surge over potash
VANCOUVER — With potash fever continuing unabated, news of a potash resource estimate recently catapulted Raytec Metals’ (RAY-V, RAYMF-O) share price up 128%.
First Metals moves on Magusi
First Metals (FMA-T, FSTMF-O) has received permission to develop an underground access ramp to extract a 50,000-tonne bulk sample from its Magusi River zinc-coppergold-silver deposit near Rouyn-Norand…