Junior Goldgroup Mining (GGA-T, GGAZF-O) believes it can produce more than 200,000 ounces of gold a year within three years through organic growth from a combination of its Mexican assets and Canaccord Genuity mining analyst Nicholas Campbell…
After the storms came the sun as markets recovered, if only slightly, for the Aug. 22-26 period with the TSX Composite Index rising 92 points to finish at 12,327.51 points. With the improvement talk shifted to aspects of the economy that…
Paladin Energy (PDN-T) “remains the only significant public uranium producer without a strategic investor/alliance,” making the company “a very attractive takeover target,” Canaccord Wealth Management remarked in a note to clients this morning.
Vancouver – The S&P TSX Venture composite index was fairly calm in the August 22 to 26 period, with the fluctuating gold price not translating directly to stock movements. Still, three days of losses outweighed two days of gains, leaving…
U.S. stocks posted their first positive trading week in more than a month with the Dow Jones Industrial Average gaining 4.32% or 466.89 points to close at 11,284.54 and the S&P 500 index adding 53.27 points or 4.74% to finish at 1,174.80….
Exploration at Rio Novo Gold’s (RN-T) Vira-Saia target on its Almas gold project in Brazil is yielding shallow, low-grade mineralization likely amenable to bulk mining methods, analysts say.
With its latest round of financing complete, Midlands Minerals (MEX-V) is set to get aggressive on its drill program in Ghana.
NGEx Resources (NGQ-T) has begun drilling its Bada potash project, about 150 km southeast of Asmara, the capital of Eritrea, and about 30 km inland from the port of Mersa Fatma on the Red Sea.
Like farmers on a sunny day who sense a heavy rainfall on the way, gold watchers spent much of August bracing themselves for a major correction in the gold price, even as spot prices kept breaking new, all-time nominal record highs since July….
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug 22, 2011 (change from Aug 15 in brackets):
Antimony: Mid-mkt US$14,500.00/t
Construction at Yamana Gold’s (YRI-T, AUY-N) Mercedes underground gold-silver mine in northern Mexico’s Sonora state is six months ahead of schedule, the company reports, with the first gold pour now scheduled before year-end.
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