Western Coal reopens Willow Creek
Vancouver – Western Coal (WTN-T) has reopened the Willow Creek coal mine with significantly better reserves as…
News
Premier Gold diversifies from Red Lake into Carlin Trend
In a deal worth US$36 million, Premier Gold Mines (PG-T) is buying Saddle Gold and its assets in Nevada’s Carl…
US markets down in the June 1-4 trading week
Disappointing statistics on job recovery in the United States and comments from Hungary that it may be headed …
TORONTO STOCK EXCHANGE MAY 25-31
Although Europe is not out of the woods yet, the economic environment is looking rosier on the western side of the Atlantic. The TSX composite index closed 2% higher over the May 25-31 trading period,…
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…
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.