Osisko shows interest in Quebec junior
Osisko Mining (OSK-T) has bought 8.6 million shares of Threegold Resources (THG-V) on the open market, giving it a 9.2% interest in the junior, which has gold prospects in Quebec’s Abitibi region.
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Argentina approves Extorre’s EIA for Cerro Moro
The provincial government of Santa Cruz in southern Argentina has approved the environmental impact assessment of the proposed Cerro Moro mine, Extorre Gold Mines (XG-T, XG-X) reports, and the results of a prefeasibility study are expected in…
Macquarie says the best is yet to come
The recent pullback in base metals is a “good entry point for investors” analysts at Macquarie Capital Markets report in a May 17 research note to clients.
Newstrike Capital explores Ana Paula (May 19, 2011)
In the sixteen years Gillian Kearvell has spent working in Mexico her success stories have included co-discovering Teck Resources’ (TCK.B-T, TCK-N) San Nicolas massive sulphide deposit in Zacatecas and leading the exploration team that found…
Mawson advances Rompas despite Finnish bureaucracy (May 19, 2011)
Vancouver – Ranked the world’s fifth best mining jurisdiction based on exploration potential and safety of investment in the Fraser Institute’s Annual Survey of Mining Companies for 2010/11, Finland is generally regarded by mining executives…
Rising Nevsun declares first dividend (May 18, 2011)
Vancouver – Nevsun Resources (NSU-T, NSU-X) has followed up a successful ramp-up to production at its 60%-owned Bisha polymetallic mine in Eritrea by declaring a modest dividend.
High metal prices make Golden Queen’s Soledad look fine
Golden Queen Mining (GQM-T) is looking to prove that there is still plenty of gold in California, even if it is of a much lower grade than what the old 49ers were used to.
More drill results for Prodigy’s Magino
Prodigy Gold’s (PDG-V) shares got a boost during intraday trading after the junior released more drill results from its 20,000-metre drill program to in-fill and expand resources at its Magino gold deposit near Wawa, Ont., on May 18.
Short Position Report (May 18, 2011)
TSX Short Positions Short positions outstanding at May 15/11 (with changes from Apr….
Cline Mining slumps on production delays, dilutive financing
Vancouver – Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at the company’s recently reopened New Elk coal mine in Colorado were…
Rising diamond prices lift Harry Winston
Harry Winston Diamond Corp. (HW-T, HWD-N) says it is on track to produce 6.9 million carats this year, up from 6.5 million in 2010, at the Diavik mine.
Barclays is bullish on copper in 2H 2011
Copper prices could move lower before they go higher but Barclays Capital says it believes we have not yet seen the highs for this year.