Consolidated Thompson’s big decision fueled by Chinese demand
Consolidated Thompson Iron Mines or CLM (CLM-T) is set to push ahead on a plan to double iron ore production at its Bloom Lake project in Quebec.
Volume 96 Number 16 - June 7 - 13, 2010
TORONTO STOCK EXCHANGE MAY 25-31
Although Europe is not out of the woods yet, the economic environment is looking rosier on the western side of the Atlantic. The TSX composite index closed 2% higher over the May 25-31 trading period,…
TSX VENTURE EXCHANGE MAY 25-31
For the first time in months the S&P/TSX Venture composite index managed a significant weekly gain, climbing 60.68 points to close at 1,514.07. In spite of the gain, daily trading volumes were dow…
U.S. MARKETS MAY 25-28
U.S. financial markets were closed on May 31 for the Memorial Day holiday but opened slightly higher on June 1 despite more negative news out of Europe. A report published on May 31 from the European …
Sunridge advances in Eritrea
SITE VISIT ASMARA, ERITREA — Six years and $30 million into its Eritrean exploration adventure, Sunridge Gold (SGC-V) has defined four deposits lying in an arc around the capital city Asmara that together host indicated resources containing…
Mexican President addresses tax question
At a gala dinner in Toronto honouring Felipe Calderon, the president of Mexico fielded questions on everything from his administration’s war on drugs to whether the soccer-crazy nation is likely to wi…
A thumbs-up for Magellan’s Coringa
A preliminary economic assessment (PEA) of Magellan Minerals’ (MNM-V) Coringa gold project in Brazil’s Amazon basin, 1,200 km northwest of Brasilia and 995 km southwest of the Atlantic port city Belem…
Polish miner agrees to fund Abacus’s Afton-Ajax
Europe’s second largest copper producer KGHM Polska Miedz has agreed to fund up to 80% of Abacus Mining’s (AME-V) Afton-Ajax copper project near Kamloops, B.C., which could be the first of many new pr…
Kaminak Gold reignites Yukon gold district (June 07, 2010)
Kaminak Gold (KAM-V) shares jumped 51% or 46¢ apiece to $1.36 per share in Toronto following bonanza assay results from the first two holes drilled at its 100%- owned Coffee project in the White …
Greystar jumps on Angostura approval
VANCOUVER — Greystar Resources’ (GSL-T) share price soared 44% on news the Colombian government has reversed its recent decision to invalidate the environmental impact assessment (EIS) for Greystar’s…
High-grade uranium for Denison at Athabasca
VANCOUVER — Denison Mines (DML-T, DNN-X) has 20,000 metres of drilling planned for the summer at its 60%-owned Wheeler River project following more high-grade uranium hits this past winter.
PEOPLE (June 07, 2010)
Amanta Resources — Thanawut Sirinawin appointed a director.