Market news
Toronto Stock Exchange
2012
Spot prices
Tuesday, Apr 10, 2012
Allied Nevada to benefit from economies of scale with Hycroft-Hasbrouck plan
VANCOUVER — It’s looking like a big year for Reno-based Allied Nevada Gold (AVN-T, AVN-X), with an US$1.2-billion expansion plan underway at its wholly-owned Hycroft gold-silver mine in Humboldt County and a proposed US$78-million…
Mega keeps the ball rolling at Monument Bay
Mega Precious Metals’ (MGP-V) president and chief executive James Rogers has lofty plans for the company’s Monument Bay gold project in northeast Manitoba, which was previously drilled by past operators as a potential high-grade…
Alderon signs hybrid joint-venture, off-take agreement with Chinese steel leader
VANCOUVER — Vancouver-based Alderon Iron Ore (ADV-T, AXX-X) took a big step towards putting its Kamistiatusset (Kami) iron-ore project on the Labrador-Quebec border on the development track by entering into an US$195 million…
Montero proves up phosphate play to develop rare earths
Montero Mining and Exploration (MON-V) has proven up an asset that it will likely never develop.
China’s investment in smart grids to benefit copper, aluminum
China plans to increase investment in its power sector by 88% under its current five year plan (2011-2015) and a significant amount of that will go towards smart grid technology, London-based Barclays analyst Gayle Berry writes in a research…
Azimuth aims to join TSX from down under with serious upside
VANCOUVER — Australian gold outfit Azimuth Resources (AZH-A) is looking to bring its advanced-stage Guyanese project portfolio to Toronto in the coming weeks.
Lundin wants to bring Touro back to its copper roots
Lundin Mining (LUN-T) wants to give an old copper mine in Spain its identity back.
Marathon likes what it sees at Golden Chest
After releasing a maiden resource estimate last month for its 50%-owned Golden Chest mine project in Idaho, Marathon Gold (MOZ-T) is back in the news with drill results that the junior exploration and development company describes, along with…
TomaGold shares jump 140% on Monster drill hole
VANCOUVER — Montreal-based TomaGold (LOT-V) garnered a lot of market attention following the release of preliminary high-grade assay results on its Monster Lake gold property outside the town of Chibougamau, Quebec.
Avion posts record first quarter despite Malian military coup
VANCOUVER — An end to a military coup in Mali, West Africa and strong first quarter production numbers boosted Avion Gold’s (AVR-T) shares 9% or 8¢, from a six-month low of 86¢, during the April 9 trading session.