Barrick Buy-In At El Morro A Boon For New Gold
Now that Xstrata (XSRAF-O, XTA-L) has agreed to sell its 70% interest in the El Morro copper-gold project, in northern Chile, for US$465 million, the value of New Gold’s (NGDT, NGD-X) minority 30% sta…
News
Mosquito Outlines Mega-Moly Mine
VANCOUVER — The Cumo deposit has been dubbed the largest unmined, open-pit molybdenum project in the world. And now Mosquito Consolidated Gold Mines (MSQ-V, MQCMF-O) has released a scoping study outl…
Cliffs Sidelines Cons. Thompson With Own Wabush Bid
The surprise US$120-million bid by Montreal-based junior Consolidated Thompson Iron Mines (CLM-T, CLMZF-O) on Oct. 9 for a 100% interest in the Wabush Mines iron ore joint venture in Quebec and Labrad…
Reno Creek Prefeasibility Shows Good Return For Bayswater
VANCOUVER — A prefeasibility study for Bayswater Uranium’s (BAY-V, BYSWF-O) newly acquired Reno Creek project indicates a small mine at the Nevada project could provide a strong rate of return.
Recovery In Sight For Global Steel Demand
The World Steel Association is forecasting that apparent steel use will contract worldwide by 8.6% to 1,104 million tonnes in 2009 after declining by 1.4% in 2008.
Gold Smashes Records
Gold prices are typically strong in September and October as Western goldsmiths and jewellers stock up on inventory needed for the flurry of jewelry giving over the Christmas and New Year’s holidays.
People (October 19, 2009)
Geologix Explorations — George Brack appointed a director.
Iberian Secures Bridge Loan For Aguas Tenidas Plant
Iberian Minerals (IZN-V, IMINF-O) is turning to a deep-pocketed investor to tide it over until it can secure senior debt financing.
Infinito Wades Through Costa Rican Legal Battle
It pays to have investors that believe in your cause.
U.S. Markets – OCTOBER 6-12
Despite the looming risk of a double-dip recession and daily reminders — as if anyone needed them — that the road to recovery has major potholes ahead, U. S. equity markets enjoyed a relatively smoo…
Toronto Stock Exchange – OCTOBER 6-9
The S&P/TSX composite index continued to show resilience over the holiday shortened Oct. 6-9 reporting period, despite widespread consensus that the market was due for a correction. The index gain…
TSX Venture Exchange – OCTOBER 6-9
Investors spent the Oct. 6-9 reporting period, shortened due to the Thanksgiving holiday in Canada, buying junior stocks and pushing the S&P/TSX Venture composite index up. The board gained every …