Market news
Toronto Stock Exchange
Volume 98 Number 36 Oct 22 - 28, 2012
Eastmain’s Eau Claire deposit tops 1M oz. gold
Quebec-focused gold explorer Eastmain Resources (ER-T) has released an updated resource estimate for its high-grade Eau Claire gold deposit in Quebec’s James Bay region.
MAG Silver celebrates initial resource at Cinco de Mayo
The Cinco de Mayo project in northern Mexico’s Chihuahua state contains inferred resources of 12.5 million tonnes grading 132 grams silver per tonne, 0.24 gram gold per tonne, 2.86% lead and 6.47% zinc, MAG Silver (MAG-T, MAG-X) reports,…
Primero up 36% on positive tax ruling
Primero Mining (P-T, PPP-N) shares soared 36% after the producer received a favourable tax ruling from Mexican authorities on an “advance pricing agreement” (APA) relating to its San Dimas gold-silver mine located on the border of Sinaloa and…
SilverCrest to raise $30M, close gold hedge book
Precious metals producer SilverCrest Mines (SVL-V, SVLC-X) has expanded its bought financing to $30 million from $26 million, and will use the proceeds to eliminate the remainder of its gold hedge book and beef up its working capital.
Mirasol makes the grade with Patagonian silver
Argentina-focused silver-gold explorer Mirasol Resources (MRZ-V) has a budding joint-venture with U.S.-based producer Coeur d’Alene Mines (CDM-T, CDE-N) at the Joaquin silver-gold property in Argentina’s Santa Cruz province, 80 km…
Soltoro picks low-hanging fruit in Jalisco
It’s not every day that a primary silver deposit is found at the side of a road.
Alexco takes a ‘pretty fast ride’ at Keno Hill
Operating Canada’s only primary silver mine, Alexco Resource (AXR-T, AXU-X), is optimizing its Bellekeno silver-lead-zinc mine, 450 km north of Whitehorse in the Yukon.
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 16, 2012Precious MetalsPrice…
AuRico sale reflects changing investment landscape
While many market watchers see depressed mining equities as an opportunity for more mergers and acquisitions, miners with hoards of cash are turning away from acquisitions, preferring to return capital to investors.
Ur-Energy clears final hurdle at Lost Creek
Shares of Ur-Energy(URE-T, URG-X) rose 5% to 99¢ on Oct. 5, after the U.S. Bureau of Land Management approved the company’s operation plan for the Lost Creek uranium in-situ recovery project in Wyoming’s Sweetwater County.
Goodman donates mystery amount to Laurentian
Dundee Corp. (DC-T) CEO Ned Goodman and the Goodman Family Foundation have made a significant financial contribution to Laurentian University in Sudbury, Ont.