International Quotes (September 28, 2009)
Australia (A$) Sept. 22 Sept. 8 Change Aquila Resources 7.56 6.96 0.6 Bendigo Mining 0.26 0.27 -0.01 Centennial Coal 3.28 3.26 0.02 Fortescue Res 4.24 4.25 -0.01 Iluk…
2009
Century Mining Lands $20M In Deal With Private Investors
Cash-strapped Century Mining (CMM-V, CMNZF-O) has pulled a rabbit out of its hat with a tentative investment deal by firms owned by Russian tycoon Maxim Finskiy and American investor Fran Scola to inject $20 million into the company.The U….
Timmins Gold Mine’s Long Road To Production
The Timmins West gold camp in Ontario has gotten a second life. High-grade gold in drill results from Lake Shore Gold (LSG-T, LSGGF-O) and a US$1,000-per-oz. gold price have started an area play with many junior companies staking and exploring…
Cogitore Looks Deeper At Scott Lake
SITE VISIT CHIBOUGAMAU, QUE. — Gérald Riverin can hardly contain himself as he stands next to the marker for drill hole no. 34 at Cogitore Resources’ (WOO-V, CGORF-O) Scott Lake project, 20 km west of Chibougamau, Que., one warm and…
Kirkland Lake Gold Revenues Up
VANCOUVER — Gold sales were up for Kirkland Lake Gold (KGI-T, KGILF-O) during the quarter ending July 31. Kirkland sold 20,994 oz. gold at a price of C$1,072 per oz. over the period for revenues of $22.5 million.With operating expenses of…
Apollo Signs Toll-Milling Deal With St Andrew
Apollo Gold (APG-T, AGT-X) will mill 100,000 tonnes of ore from its Black Fox mine at St Andrew Goldfields’ (SAS-T, STADF-O) nearby Holt mill.Under the arrangement, excess low-grade ores will be trucked, using a contractor, to St Andrew’s…
Metanor Gets Results At Barry Pit, Nelligan
Metanor Resources (MTO-V, MEAOF-O) has been seeing promising results from expansion drilling at its Barry pit at the operating Bachelor Lake gold mill, in Desmaraisville, Que., and at the Nelligan property just west of Bachelor Lake, and its…
Xstrata Hit By Vale Inco Strike
While the masses went back to work and school after Labour Day, the last long weekend of summer will stretch 7-10 weeks for many at Xstrata Copper’s Kidd metallurgical site, near Timmins, Ont.The copper smelter and refinery, which employs…
Aurizon Reports High-Grade Intercepts At Casa Berardi
Drilling along an exploration drift on the 810-metre level — about 650 metres east of the Casa Berardi mine’s existing shaft — has yielded high-grade intercepts, including 18.9 grams gold per tonne over 4 metres, Aurizon Mines (ARZ-T, AZK-N)…
Alexandria Minerals Makes Tracks In Val D’Or
Alexandria Minerals (AZX-V, ALXDF-O) has released its first resource estimate on two near-surface zones at its 100%-owned Orenada property in Bourlamaque Township in Val d’Or, Que. — a fourfold increase over historical estimates.At a cutoff…
Northgate Unearths New Zone At Young-Davidson Project
Northgate Minerals (NGX-T, NGX-X) has found a new gold zone at its Young-Davidson property near Matachewan, Ont., close to the area of the proposed mine shaft.”These holes were originally drilled as condemnation holes to make sure there was…
FNX Eyeing New Assets
VANCOUVER — With $144 million from a recent financing essentially doubling its cash coffers, FNX Mining (FNX-T, FNXMF-O) has a nice problem: Figuring out what to do with about a quarter-billion dollars.About half the money, according to FNX…