Oromin rewarded for rapid progress at Sabodala
VANCOUVER — It’s a golden cycle for Oromin Explorations (OLE-V, OLEPF-O): strong drill results prompt the company to add more rigs to its Sabodala gold project, then the added rigs produce more stron…
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Titan finds Japanese partner for Athabasca uranium project
Titan Uranium (TUE-V, TUEFF-O) will receive $9 million in exploration funding over the next three years from Japan Oil, Gas and Metals National Corp. (JOGMEC), in return for a 50% interest in the Virg…
LME WAREHOUSE LEVELS (June 02, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 27, 2008 (change from May 20 in brackets):
DAILY METAL PRICES (June 02, 2008)
Date May 26 May 23 May 22 May 21 May 20 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 2665/2695 2730/2740 2700/2730 2680/2715 Alu…
NORTH AMERICAN STOCK EXCHANGE INDICES (June 02, 2008)
52-week Date May 26 May 23 May 22 May 21 May 20 High Low S&P/TSX-Ven Comp 2718.75 2706.37 2680.33 2671.76 2661.14 3341.56 2340.21 TSX Composite 14758.57 14723.36 14792.36 147…
BID-ASK — MAY 20-26, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.18 0.12 Afrasia Minl F V 0.25 0.60 0.22 0.49 0….
Runaway tailings forces closure of Gold Hawk’s Coricancha mine in Peru
Unexplained ground movement around the dry tailings storage area of Gold Hawk Resources’ (CGK-V, CGHRF-O) Coricancha silver-gold-lead-zinc mine in Peru has forced the company to shut down crushing and…
Alberta expansions continue apace
For generations, people from the have-not parts of Canada have found themselves “going down the road” to work in Alberta’s oil patch.
Strait Gold expands grassroots exploration in Peru (June 02, 2008)
Hoping to one day fill a void left by major companies, Peru-focused Strait Gold (SRD-V, SAIDF-O) has grown from one to four early-stage projects since going public in fall 2006.
Higher input costs will squeeze margins, Citigroup says
Despite rising costs, mining companies will still be able to deliver “sustainably higher” earnings before tax and depreciation (EBITDA) margins over the next five years than they have over the past 20…
TSX VENTURE SHORT POSITIONS (June 02, 2008)
Short positions outstanding at May. 15/08 (with changes from Apr. 30/08).
Ontario’s Mining Act under fire
Platinex (PTX-V, PANXF-O) is suing the government of Ontario for more than $70 million, claiming it didn’t fulfill its duty to consult with a First Nation group before granting the junior exploration …