Industry donates $11M to BC Museum of Mining
VANCOUVER –The mining industry in British Columbia is constantly fighting an image battle, trying to convince the wider public that the industry’s environmental practices have improved dramatically i…
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INTERNATIONAL QUOTES (May 31, 2010)
Australia (A$) May 25 May 18 Change Aquila Resources 8.17 9.09 -0.92 Bendigo Mining 0.21 0.23 -0.02 Centennial Coal 3.58 4.12 -0.54 Fortescue Res 3.44 4.06 -0.62 Iluk…
Platinum Partners looking for buyer for bankrupted Firstgold’s assets (May 31, 2010)
When U.S. President Barack Obama’s administration threatened to block the sale of 51% of Firstgold Corp. (FGD-T, FGOC-O) to China’s state-owned Northwest Nonferrous International Investment Company la…
CANADIAN GOLD MUTUAL FUNDS (May 31, 2010)
Featured Fund: AGF Precious Metals (US$) as of 08/31/09 (in weighted order): Goldcorp, Kinross Gold, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, Inmet Mining, Eldorado Gold, Randgold, Osisko …
Copper Mountain closes $34.5M financing
Copper Mountain Mining (CUM-T) has raised $34.5 million that it will use to pay its 75% share of working capital for its copper porphyry project in southeastern B.C.
TSX SHORT POSITIONS (May 31, 2010)
Short positions outstanding at May 15/10 (with changes from Apr. 30/10).
Aurizon options Fayolle from Typhoon in Quebec
Gold producer Aurizon Mines (ARZ-T, AZK-X) is teaming up with Typhoon Exploration (TYP-V) in a joint-venture to explore Typhoon’s 100%-owned Fayolle gold project, 10 km north of Aurizon’s Joanna proje…
Scorpio drills Nuestra Senora
Scorpio Mining (SMP-T) is off to a good start with its 20,000-metre drill program at the Nuestra Senora mine, 10 km east of Cosala, in Sinaloa state, Mexico.
Riverstone releases first Nami results (May 31, 2010)
VANCOUVER — Riverstone Resources (RVS-V) had already defined four gold deposits at its Karma project in Burkina Faso and was starting to move those ounces towards production when local artisanal mine…
More hurdles for First Quantum in DRC
Vancouver – The situation in the Democratic Republic of Congo has gone from bad to worse for First Quantum (FM…
Blue Note sounds off on Gold Hawk
Blue Note Mining (BNT-V) is ramping up the war of words against Gold Hawk Resources (GHK-V).Montreal-based B…
Gammon Gold takes strategic stake in Golden Queen Mining
Gammon Gold (GAM-T, GRS-N) is dishing out $8 million for a 5.3% stake in Golden Queen Mining (GQM-T), a junior…