PotashCorp reports solid Q3 earnings
Potash Corp. of Saskatchewan (POT-T, POT-N) has more than doubled its third-quarter profits compared to the year earlier on the back of rising demand for fertilizer products despite economic concerns.
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Iamgold buys toehold in Colombia’s Middle Cauca belt
Vancouver – Iamgold (IMG-T, IAG-N) has agreed to buy a minority interest in two junior explorers with porphyry gold-copper projects in Colombia’s highly prospective Middle Cauca belt south of Medellin.
Argex completes PEA on titanium dioxide project
The economic viability of Argex Mining’s (RGX-V) La Blache titanium dioxide project in Quebec received validation today with the results of a preliminary economic assessment, the company says.
The big boys pay more: Barrick and Newmont boost dividends.
Despite record high gold prices the companies’ that mine the metal have been slow to receive valuations that reflect the cashflows pouring on to their financial statements. The two biggest gold miners in the world, Barrick Gold (ABX-T, ABX-N)…
Bralorne hits high grade gold in BC
Vancouver – Bralorne Gold Mines (BPM-V) has hit very high grade gold at its eponymous mine near Gold Bridge, British Columbia.
Claude spices its offer for St. Eugene
Claude Resources (CRJ-T, CGR-X) has sweetened its all-share proposal for St. Eugene Mining (SEM-V).
Silvercorp rallies on audit findings
Vancouver – Silvercorp Metals (SVM-T, SVM-N) looks to have been vindicated of fraud allegations in a forensic audit, leading to a sharp recovery in its share price.
Karnalyte Resources receives positive feasibility
A feasibility study for the Wynyard Carnallite potash project in central Saskatchewan sent shares of Karnalyte Resources (KRN-T) up to a new fifty-two week high yesterday of $17.50 apiece before closing at $17.15, a gain of 71¢ or…
CB Gold hits it big in Colombia’s promising Vetas district
Vancouver – Ten kilometres south of the rich La Bodega and La Mascota gold deposits in Colombia acquired by Eike Batista’s EBX Group earlier this year in its $1.5-billion takeover of Ventana Gold, CB Gold (CBJ-V) has drilled into a new gold…
Venture recovery stumbles in Oct. 17-21 period
Vancouver – The recent market rebound at least temporarily stalled in the October 17 to 21 period as the S&P TSX Venture Composite Index lost 24.7 points to end at 1,532.91 points. Volume was roughly in line with recent weeks at an average…
TSX falls off as gold price dips
TSX Composite Index was down 118 points to 11,949.49 points for the Oct. 17 – 21 period as markets continues to be jittery in the shadow of Europe’s debt woes.
Bannerman provides update on Hanlong’s offer
While Bannerman Resources (ban-t, bmn-a) says it’s not going “tie its hands down” in a long-term arrangement with Sichuan Hanlong Group, it is still open to an acquisition by the Chinese conglomerate.