Editorial: Subprime woes good for gold
The week ended Jan. 12, the second trading week of 2008, was rife with jitters in the global financial system owing to growing losses in the U.S. subprime mortgage market, where rising interest rates …
News
Suppliers News (January 21, 2008)
ABB gears up Climax
Geoinformatics’s share price soars on resource estimate (January 21, 2008)
A new resource estimate on the Whistler gold project in Alaska is a “milestone” for Canadian junior Geoinformatics Exploration (GXL-V, GXLIF-O), the company says.
Odds ‘n’ sods: Book recounts Wheaton River’s rise
ODDS ‘N’ SODS
People (January 21, 2008)
Augusta Resource — Rod Pace appointed VP of operations.
Oromin’s Sabodala gold project shows promise
Vancouver — Stepout and deep infill drilling at the Sabodala project in Senegal continue to return strong gold grades for Oromin Explorations (OLE-V, OLEPF-O).
Happy Creek discovers moly at Fox property
The discovery of a big tungsten-molybdenum system on its wholly owned Fox property, in B.C., has Happy Creek Minerals (HPY-V, HPYCF-O) smiling again.
Douglas Lake shows VMS potential
Vancouver — Shares of Paragon Minerals (PGR-V, PAONF-O) saw a modest boost in the markets after the first set of drill holes into the Douglas Lake project, in central Newfoundland, returned promising…
TSX Venture Short Positions (January 21, 2008)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
North American Stock Exchange Indices (January 21, 2008)
Date Jan. 14 Jan. 11 Jan. 10 Jan. 9 Jan. 8 High Low S&P/TSX-Ven Comp 2818.56 2797.76 2778.66 2774.52 2820.21 3372.00 2348.80 TSX Composite 13698.28 13632.57 13642.65 13579.94 13541.75 14646.82…
Goldcliff uncovers Bonanza trench at Panorama Ridge (January 21, 2008)
Vancouver — High-grade trenching results from the Panorama Ridge property in southwestern B.C. pushed Goldcliff Resources (GCN-V, GCFFF-O) up 130% in recent trading.
First Uranium builds new plant
Capital costs for First Uranium’s (FIU-T, FURAF-O) Buffelsfontein gold-uranium tailings recovery project in South Africa have increased 76% to US$260 million, compared with a preliminary assessment es…