Uranium One posts profits of $14M
Uranium One’s (uuu-t) first-quarter profits rose 33% to US$14 million over the same period last year, which saw a net loss of US$1.4 million, but was still below market expectations.
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Profits surge at Dundee Precious Metals (May 11, 2011)
With increased production and higher prices, Dundee Precious Metals (DPM-T) managed to facilitate a massive turnaround from where results were this time last year. DPM reported first quarter net earnings of US$14 million or 11¢ per share….
BC shows strong mining revenue, new mines started in 2010: PwC report
Vancouver – The British Columbia mining industry saw more signs of recovery in 2010, but it was the new mines coming online that have prompted talk of a mining renaissance in the industry. Such were some of the findings of…
Agnico-Eagle digs deeper in Quebec (May 10, 2011)
Agnico-Eagle Mines’ (AEM-T, AEM-N) Goldex, Lapa, and LaRonde gold mines in Quebec are getting a slice of the company’s largest-ever US$145-million global exploration program this year.
Pilot Gold lifts off on latest results
A small market cap can be a wonderful thing as evidenced by the market action of two different companies on Tuesday.
Trade Winds completes winter-spring drill program
Drilling at Trade Winds Ventures’ (TWD-V) Block A project in northeastern Ontario, a 50-50 joint-venture with Detour Gold (DGC-T), has returned strong intercepts.
Ghana’s newest gold producer
After 11 months of construction, the Nzema gold project has moved into commercial production and Adamus Resources (ADU-V, ADU-A) is confident the new open-pit mine in southwestern Ghana will be able to turn out 100,000 ounces of gold in its…
Here comes Glencore
It was expected to fetch a higher valuation, and it was expected to coincide with a continued fervor for all things commodity related, but Glencore’s move into public markets will still come with a hefty US$60 billion price tag on the king of…
Venture hit by commodities sell-off in May 2-6 period
Vancouver – A big commodities sell-off, including the biggest drop in silver futures in thirty years, led to a rough May 2 to 6 period on the S&P TSX Venture Exchange. The board dropped 204.34 points in the first four days before making a…
BHP approves Misery project at Ekati
BHP Billiton (BHP-N, BLT-L) gave a thumbs-up to its Misery open-pit project at the Ekati diamond mine near Yellowknife, N.W.T., on May 9.
Tough times for TSX
It was rough ride for investors over the May 2-6 period as the TSX Composite Index fell 383 points to finish up at 13,601.49. The drop was severe enough, and accompanied by enough volume, to ignite worries that a significant correction to the…
Huge sell-off in U.S. equities, Apr. 29-May 6
U.S. equities posted heavy losses as commodities plunged and economic data showed weekly applications for unemployment insurance rose to an eight-month high. The Dow Jones Industrial Average dropped 171.8 points or 1.34% to close the Apr….