TSX VENTURE EXCHANGE MAY 25-31
For the first time in months the S&P/TSX Venture composite index managed a significant weekly gain, climbing 60.68 points to close at 1,514.07. In spite of the gain, daily trading volumes were dow…
News
U.S. MARKETS MAY 25-28
U.S. financial markets were closed on May 31 for the Memorial Day holiday but opened slightly higher on June 1 despite more negative news out of Europe. A report published on May 31 from the European …
Sunridge advances in Eritrea
SITE VISIT ASMARA, ERITREA — Six years and $30 million into its Eritrean exploration adventure, Sunridge Gold (SGC-V) has defined four deposits lying in an arc around the capital city Asmara that together host indicated resources containing…
A thumbs-up for Magellan’s Coringa
A preliminary economic assessment (PEA) of Magellan Minerals’ (MNM-V) Coringa gold project in Brazil’s Amazon basin, 1,200 km northwest of Brasilia and 995 km southwest of the Atlantic port city Belem…
PEOPLE (June 07, 2010)
Amanta Resources — Thanawut Sirinawin appointed a director.
SPOT PRICES (June 07, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (June 07, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 1, 2010 (change from May 25 in brackets):
Consolidated Thompson’s big decision fueled by Chinese demand
Consolidated Thompson Iron Mines or CLM (CLM-T) is set to push ahead on a plan to double iron ore production at its Bloom Lake project in Quebec.
Mexican President addresses tax question
At a gala dinner in Toronto honouring Felipe Calderon, the president of Mexico fielded questions on everything from his administration’s war on drugs to whether the soccer-crazy nation is likely to wi…
PRODUCER AND DEALER PRICES (June 07, 2010)
Antimony: Mid-mkt US$9,266.66/t.
Polish miner agrees to fund Abacus’s Afton-Ajax
Europe’s second largest copper producer KGHM Polska Miedz has agreed to fund up to 80% of Abacus Mining’s (AME-V) Afton-Ajax copper project near Kamloops, B.C., which could be the first of many new pr…
Kaminak Gold reignites Yukon gold district (June 07, 2010)
Kaminak Gold (KAM-V) shares jumped 51% or 46¢ apiece to $1.36 per share in Toronto following bonanza assay results from the first two holes drilled at its 100%- owned Coffee project in the White …