INTERNATIONAL QUOTES (October 11, 2010)
INTERNATIONAL QUOTES Australia (A$) Aug 24 Aug 17 Change Aquila Resources 8.3 8.69 -0.39 Bendigo Mining 0.18 0.18 0.00 Centennial Coal 6.03 6.04 -0.01 Fortescue Res 4.50 …
Volume 96 Number 34 - Oct 11 - 17, 2010
EXCHANGE RATES (October 11, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct 4 Oct 1 Sept 30 Sept 29 Sept 28 US$ in C$ 1.0234 1.0215 1.0298 1.0300 1.0306 C$ in US$ 0.9771 0.9790 0.9711 0.9709 0.970…
Augusta secures US$176M for Rosemont
VANCOUVER — Augusta Resource (AZC-T, AZC-X) has taken another big step towards funding its Rosemont copper-molybdenum project with an infusion of cash from a Korean consortium.
Canadian mining investment in Mexico
The mining sector represents 44% of all Canadian foreign direct investment in Mexico, according to figures tabulated by the Canadian Chamber of Commerce in Mexico.
OceanaGold returns to Didipio (October 11, 2010)
VANCOUVER — Two years after escalating costs forced OceanaGold (OGC-T) to halt development work at its Didipio gold-copper project in the Philippines, the Australianbased gold producer is taking anot…
Levon, Valley High start Cordero’s $14M program
VANCOUVER — A successful second phase of exploration at the Cordero property in Chihuahua, Mexico, has expanded two zones and identified several new targets, prompting joint-venture owners Levon Reso…
Capital Gold spurns Timmins Gold for Gammon Gold (October 11, 2010)
In the same week that the board of Capital Gold (CGC-T, CGC-X) rejected a merger proposal from Timmins Gold (TMM-V), the New York-headquartered gold producer signed a definitive merger agreement with Gammon Gold (GAM-T, GRS-N).The boards of…
Geologix gets back on its feet (October 11, 2010)
Losing a key asset is never an easy thing for a company to rebound from.But Geologix Explorations (GIX-T, GXEXF-O), after having just such a thing happen to it early last year, is back at it again, looking to rebuild through the mineral…
Merger of equals for Genco, Silvermex
VANCOUVER — Mexico-focused Genco Resources (GGC-T) and Silvermex Resources (SMR-V) have agreed to join forces to better advance their silver and gold projects in the country.Silvermex has a number of projects at various stages of…
Arian planning to produce at San Jose
Production will begin in October at the past-producing San Jose silver mine in Zacatecas, Mexico, with cash flow anticipated in the fourth quarter, Arian Silver (AGQ-V, AGQ-L) says.The London-headquartered junior plans to use some of that…
Primero Mining’s lofty ambitions
DENVER, COLO. –Iamgold’s (IMGT, IMGT, IAG-N) former chief executive, Joseph Conway, has a new focus with Primero Mining (P-T). While the company has only been up and running as a public company for a just over a month, if Conway has anywhere…
Baja snags US$858M financing for Boleo
Construction and development can start “imminently” at Baja Mining’s (BAJ-T, BAJFF-O) Boleo project in Mexico’s state of Baja California Sur following a US$858- million financing, the company reports.Baja Mining’s 70%-owned company Minera y…