Exchange Rates (March 21, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
Problems plague Century’s Lamaque mine (March 21, 2011)
A failed cone crusher was the latest of several setbacks over the past year at Century Mining’s (CMM-V) Lamaque underground gold mine in Val d’Or, Que. The loss of the crusher shut down the Lamaque mill for nine days in February, and along with…
Promising drill results at Typhoon’s Fayolle
A 10-metre intercept averaged 7.14 grams gold per tonne at Typhoon Exploration’s (TYP-V) 100%-owned Fayolle gold project in Quebec’s Abitibi region.
Quadra FNX posts record earnings in 2010 (March 21, 2011)
Quadra Mining successfully completed its merger with FNX Mining in May 2010 and judging by the combined company’s earnings last year, the blend into Quadra FNX Mining (QUX-T) has been a success so far, with a little help from surging copper…
A new play on Brazilian potash
For investors hungry for a new way to play rising food prices through potash juniors, a new avenue with experienced management should soon be tradable in Toronto. Toronto-based Rio Verde Minerals, currently a privately held company, plans to…
High-grade hits for Temex in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine in Ontario’s Timmins camp has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.7 metres including 66 grams…
Tata invests in New Millennium Capital
Tata Steel of India has joined the ranks of foreign steelmakers trying to nail down long-term iron ore supply in Canada. The South Asian steel giant has signed a binding agreement with New Millennium Capital (NML-V) to develop the…
Resolute refocuses on Mali
Even as Resolute Mining (RSG-A, RMGGF-O) – the second-largest gold producer listed on the Australian Stock Exchange – prepares to wind down its Golden Pride mine in Tanzania over the next 24 months after 12 very successful years and more than…
Sprott’s state of the world (March 21, 2011)
If the location of Eric Sprott’s speech, the Prospectors and Developers Association of Canada convention, or the title of the speech, “Investment survival in the meltdown,” wasn’t enough to give away the investment guru’s final conclusions,…
Copper Canyon ‘very pleased’ with sweetened NovaGold bid (March 21, 2011)
Just one month after dismissing the Dec. 20, 2010, takeover bid of joint venture partner NovaGold Resources (NG-T, NG-X) as “inadequate,” and only one week after suing it for allegedly failing to honour certain terms of the JV contract, the…
Roxgold’s Burkina Faso find attracts artisanal miners (March 21, 2011)
Roxgold (ROG-V) has released high-grade drill results from a new gold zone at its recently optioned Yaramoko gold project in Burkina Faso, adjoining the southern boundary of Semafo’s (SMF-T) Mana gold mine.
PMI drills high-grade at old Ghanaian mine
Exploration and infill drilling at PMI Gold’s (PMV-V, PVM-A) past-producing Obotan gold project in southwestern Ghana has turned up 20.8 metres grading 17.6 grams gold per tonne, part of a larger intersection of 80 metres grading 7.49 grams…