Glass Earth sees clear potential in New Zealand
Vancouver – New Zealand is hardly a major destination for gold exploration, but the low-profile presents possible opportunities for smaller and determined players.
News
South African dealmaker finds US$100 million for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic, of all places, is not a job most people would relish. Taking the job without a salary in order to save the company money -…
Lower Q2 production at Eastplats’ Crocodile
Eastern Platinum (elr-t) saw second quarter production from its main Crocodile River platinum group metals (PGM) mine in South Africa’s Bushveld Complex shrink by one third, due to labour issues that led to a strike at the mine in early May.
Short Position Report
TSX Short Positions Short positions outstanding at July 15/11 (with changes from June…
Cashed-up Century Iron exploring Quebec, Labrador
Vancouver – Backed by deep-pocketed investors, Century Iron Mines (FER-V) has launched as a new iron play in Quebec and the Labrador Trough.
Cedar Mountain drills untested Alaskan gold anomalies
Vancouver – While many of its peers are exploring emerging Yukon gold belts such as the White Gold district and the Selwyn Basin in their hunt for the next big Arctic gold deposit, Cedar Mountain Exploration (CED-V) has its sights set on an…
Frontier set to make splash in rare earths sector
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) put itself in a solid position thanks to a deal with a deep pocketed Korean consortium.
Not a sunny day for Lake Shore
Lake Shore Gold’s (LSG-T) shares plunged to a new low, a day after the company reported lower-than-expected gold grades for the second quarter, along with a year-long mill expansion delay and a reduced full-year production target.
[Update] Soltoro hits more high-grade silver, gains $4.5M from Coeur d’Alene
Vancouver — Soltoro (SOL-V) has released several high-grade silver hits from the newly discovered Soledad zone at its El Rayo silver project in central Mexico, one week after reporting a bulk-tonnage resource estimate on the project.
Barrick buys 9% stake in Carpathian for $20 million
Carpathian Gold (CPN-T) has received a big credibility boost from Barrick Gold (ABX-T, ABX-N) after the major gold miner agreed to purchase $20-million worth of the junior’s shares for an approximate 9% interest.
Venture finds more gains in July 11-15 period
Vancouver – The S&P Venture Exchange Index climbed again in the July 11 -15 period, up 22.57 points to cross the 2,000-point threshold for the first time in over a month and end at 2,007.38 points. Volume averaged out to 91.7 million shares…
TSX slumps over July 11-15 period
The S&P/TSX Composite Index fell 72.16 points to 13,299.54 during the July 11-15 period as worries over U.S. and European debt grew. During the week, the U.S. Federal Reserve said it was not ready to stimulate the economy, while eight…