INTERNATIONAL QUOTES (January 17, 2011)
Australia (A$) Aug 24 Aug 17 ChangeAquila Resources 8.3 8.69 -0.39Bendigo Mining 0.18 …
2011
EXCHANGE RATES (January 17, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)Date Jan 10 Jan 7 Jan 6 Jan 5 Jan 4US$ in C$ 0.9925 …
Seafield posts more results from Colombia
Five days after shares of Seafield Resources (sff-v) soared 147% to 57¢ on drill results of 449 metres grading 1.29 grams gold per tonne at its Miraflores gold deposit in Risaralda, Colombia, the junior has moved its drills 3 km to the…
Gold hits lift Rainy River, Northern Superior
Joint-venture partners Rainy River Resources (rr-v) and Northern Superior Resources (sup-v) have pulled a significant discovery hole from Target 3 at the TPK gold project in northern Ontario. Hole 4 hit 13.5 metres grading 25.87 grams…
Altius pairs with Cliffs
Well-respected for its project generation work in Newfoundland and Labrador, Altius Minerals (als-t) has entered into an exploration alliance with Cliffs Natural Resources (clf-n) covering ferro-alloy metals within specific areas of the…
Galway raises $25M for Colombia
Galway Resources (gwy-v) has released several significant gold-silver hits from its California project in Colombia just as it announces a $25-million financing.The latest results come largely from the Pie de Gallo zone, a 300-metre-long…
Antofagasta helps Duluth Metals bid for Franconia
In a significant land consolidation move, Duluth Metals (dm-t) has agreed to buy Franconia Minerals (fra-t) for $77 million.A map of the two companies’ claims shows obvious synergies, with Franconia’s land package filling the holes between…
Tahoe raises $352M for Escobal
Tahoe Resources (tho-t) has taken advantage of buoyant precious metal prices to raise $352 million in a bought-deal financing with a syndicate of underwriters led by GMP Securities.The private placement financing is just shy of 25 million…
Northern Rand pulls out of deal for Tanzanian permits
Land issues in Tanzania have become a more common theme as of late.
Former rivals now teammates in chase for Baffinland
In a new twist to the takeover battle for Baffinland Iron Mines (BIM-T), former rivals Nunavut Iron Ore and ArcelorMittal (MT-N) are teaming up in a joint bid.
Mirasol delivers spectacular silver grades over significant widths
Results for the remaining 21holes completed during a first pass of drilling on the Julia vein target confirm Mirasol Resources (MRZ-V) has made a significant high-grade silver discovery at its wholly owned Virginia project in Argentina’s Santa…
Northgate eyes underground potential of Kemess North
After 12 years of profitable operation, Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine in north-central British Columbia is shutting down. The large-scale open-pit mine will cease operating in February after ore reserves have…