Esperanza Silver completes initial economic assessment of Cerro Jumil
Esperanza Silver’s (EPZ-V, ESPZF-O) 100%-owned Cerro Jumil project, an advanced open-pit heap-leach gold proje…
News
U.S. Markets Aug. 25-31
After a dramatic run-up in the three major U. S. stock indexes since early March, equities seemed to lose a little steam during the Aug. 25-31 reporting period. The S&P 500 index fell 0.72% or 7.3…
Toronto Stock Exchange Aug. 25-31
For the first time in a year, Canada’s gross domestic product actually increased during the month of June, if only by a smidgeon at 0.1%. However, it still fell 0.9% overall during the second quarter….
TSX Venture Exchange Aug. 25-31
The S&P/TSX Venture composite index capped off the month of August with a small 8.42-point loss over the Aug. 25-31 reporting period, closing at 1,183.67. The Venture exchange finished the month m…
Rio Tinto Arrests Underscore Challenges Of China Trade
After more than five weeks in detention on suspicion of stealing state secrets, Chinese authorities on Aug. 11 formally arrested four employees of Anglo-Australian miner Rio Tinto (RTP-N, RIO-L) on charges of bribery and stealing commercial…
Medusa Ramps Up Low-Cost Co-O Mine In Philippines
While Medusa Mining (MML-A, MML-L) is focused solely on Mindanao in the southern Philippines, its Co-O mine on the island’s eastern end has proven to be so bountiful that the company is rapidly transforming itself into a profitable,…
Nanjinzhao’s Payment For Cardero’s Pampa De Pongo Delayed, Again
VANCOUVER — Nanjinzhao has missed an Aug. 19 deadline to show Cardero Resources (CDU-T, CDY-X) a bank guarantee for the US$88-million balance of its US$100-million purchase of the Pampa de Pongo iron…
People (September 07, 2009)
ArcelorMittal — Malay Mukherjee has resigned as a director.
LME Warehouse Levels (September 07, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 1, 2009 (change from August 25 in brackets):
Lake Shore And West Timmins Merge
Analysts say a merger between Timmins, Ont.-focused Lake Shore Gold (LSG-T, LSGGF-O) and West Timmins Mining (WTM-T, WTMNF-O) puts the combined company in line to become a mid-tier gold producer.
Spot Prices (September 07, 2009)
COURTESY OF SCOTIABANK
Ex-CEO Sparks Boardroom Battle At Athabasca Potash
VANCOUVER — Accusations of incompetence are flying back and forth between the current board of Athabasca Potash (API-T) and an alternate slate proposed and led by the company’s founder and former pre…