EXCHANGE RATES (February 28, 2011)
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News
BID-ASK – Feb. 14-18, 2011
12-MONTH
Copper Canyon rejects NovaGold bid
Copper Canyon Resources’ (cpy-v) board has unanimously rejected as inadequate a hostile takeover bid launched by joint-venture partner NovaGold Resources (ng-t, ng-x).
Sunridge hits more high-grade copper-gold
Sunridge Gold (sgc-v) has released its second round of drill results in two weeks, with more significant gold-copper-silver hits at its Asmara project in Eritrea.
African Aura’s Nkout tops a billion tonnes of iron ore in Cameroon
A first resource estimate for African Aura Mining’s (aur-v, aaam-l) Nkout iron project in southern Cameroon has more than a billion tonnes.
Dundee moves forward in Bulgaria
After six years, Bulgaria’s government has granted a 30-year concession to Canada’s Dundee Precious Metals (dpm-t), bringing it a step closer to developing its Khan Krum deposit in Krumovgrad into an open-pit gold mine. But the company must…
Goldcorp sells Osisko shares for $530M
Goldcorp (g-t, gg-n) has sold its 10.1% equity interest in Osisko Mining (osk-t) for roughly $530 million.
UBS Research raises long-term metal prices
Rising capex, operating expenses and currencies have driven UBS Investment Research to raise its long-term metal price forecasts for copper, zinc, nickel and lead.
Medusa Mining delivers on promise (February 25, 2011)
Record gold production at low cash costs averaging US$186 per oz. contributed to record net profit after tax of US$58.1 million in the six months ended Dec. 31 2010, Medusa Mining (MLL-T, MML-L, MML-A) reports.
New Goldquest execs bring extensive Dominican experience
Vancouver – Goldquest Mining (GQC-V) has undergone significant management changes as it prepares to advance its prospects in both the Dominican Republic and Spain.
Out of the bush and into the boardroom
Vancouver – With 56 properties scattered throughout the Yukon to explore, Ryan Gold’s (RYG-V) new president, Shawn Ryan, has his work cut out for him. Mr. Ryan sold six gold properties to the company in September, 2010, and on Feb. 16, the…
Pele Mountain updates resource estimate
When Pele Mountain (GEM-V) completed a scoping study in 2007 on its Eco Ridge mine project in Elliot Lake, the company didn’t even bother to include the deposit’s rare earth elements as a by-product of the project’s planned uranium production.