Volume 96 Number 21 - Jul 12 - 18, 2010

A large inukshuk near Agnico-Eagle Mine's Meadowbank gold mine in Nunavut. The project is a significant source of income for the local communities in this remote region.

Agnico opens Meadowbank

MEADOWBANK, NUNAVUT — Once all the speakers presented at Agnico-Eagle Mine’s (AEM-T, AEM-N) Meadowbank gold mine opening ceremony, attendee Rick Olsen, a contractor based out of nearby Baker Lake, leaned over and said “People don’t realize…


End in sight for Vale strike

It looks like the bitter and dogged strike in Sudbury and Port Colborne, Ont., that has stretched on for almost a year might soon be over now that Brazilian mining giant Vale (VALE-N) and the United S…


Tom Schroeter, president of Fjordland Exploration, points to the promising Southeast zone at the Woodjam copper-gold-molybdenum project, near Horsefly, B.C.

Fjordland, Cariboo shift Woodjam

HORSEFLY, B.C. — There is little for a geologist to see while driving along the dirt roads outside the town of Horsefly. The logging roads that crisscross the forests are mostly punctuated with cattle fields and clear cuts, not rock…


TORONTO STOCK EXCHANGE -June 28-July 2

Investors fearing a so-called double-dip recession were given more reason to worry over the June 28-July 2 trading period as the TSX composite index plunged 4.4%, or 511.79 points, to 11,196.06.


TSX VENTURE EXCHANGE -June 28-July 2

Canada’s birthday celebrations did little to lift the dark cloud hanging over the S&P/TSX Venture composite index over the June 28-July 2 trading period: the board lingered in positive territory f…


U.S. MARKETS -June 28-July 2

It was a slaughter for U.S. equities in the June 28-July 2 trading week as anxiety mounted about the likelihood of a double-dip recession. Further signs that economic recovery may have peaked came on …


Cliffs gets control of Big Daddy (July 12, 2010)

Spider Resources (SPQ-V) has called off its merger with KWG Resources (KWG-V), leaving it free to be swallowed by Cliffs Natural Resources (CLF-N). It ends the battle for control of the high-grade Big…



Fortress accepts Polymetal’s offer for Svetloye

Offering US$9.25 million in cash, Russian gold-silver producer Polymetal (MICEX-L) has trumped an earlier offer by MacRitchie Metals for a 100% stake in the Svetloye gold project owned by Vancouverbas…


Rio Tinto to build Eagle nickel mine

Rio Tinto (RTP-N, RIO-L) will build the first new mine in Michigan in decades, which would be the only primary nickel mine in the United States.



More rare gems at Shore Gold’s Star

It’s not every day that parallels are drawn between the vast plains of central Saskatchewan and the Kingdom of Lesotho, a mountainous, landlocked country in southern Africa. But Shore Gold (SGF-T) say…


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