PC Gold’s ‘surprising’ find at Pickle Crow
VANCOUVER– PC Gold( PKL-T) has cut some very rich gold intercepts in a newly-discovered vein at its Pickle Crow property near Thunder Bay, Ont., and the news sent its stock price skyward.
Volume 96 Number 7 - Apr 5 - Apr 11, 2010
Northgate Minerals approves Young-Davidson mine
SITE VISIT MATACHEWAN, ONT.– Tom Obradovich has accomplished a lot for a small-town boy from Kirkland Lake, Ont. He co-founded Canadian Royalties which discovered and developed the Raglan South nickel…
TORONTO STOCK EXCHANGE -March 23-29
While a significant number of investors are optimistic that the worst is behind them, and a weak U.S. dollar is helping prop up prices in the commodities sector, Toronto’s resource-heavy TSX composite…
TSX VENTURE EXCHANGE -March 23-29
After a week of losses, the S&P/ TSX Venture composite index resumed its gradual increase over the March 23-29 week, adding 17.64 points to close at 1572.23. Daily trading volumes were strong, ave…
U.S. MARKETS -March 23-29
U.S. equity markets were relatively subdued in the week following the successful passage of U.S. President Barack Obama’s landmark healthcare plan through Congress. While a falling dollar boosted comm…
Stornoway improves Renard economics
VANCOUVER — Following a December resource update that more than tripled the tonnage and diamond count at the Renard project in Quebec’s Otish mountains, a new preliminary economic assessment of the p…
Quebec Lithium project gets bigger, better for Canada Lithium
A new prefeasibility study on Canada Lithium’s (CLQ-V, CLQMF-O) Quebec Lithium project envisages an open-pit mine that would produce 42.6 million lbs. of battery-grade lithium carbonate per year over …
Chinalco to spend US$1.35B to earn into Rio’s Simandou
VANCOUVER– The Simandou iron ore project in Guinea is set for a major influx of spending after 95%-owner Rio Tinto (RTP-N, RIO-L) inked a US$1.35-billion earn-in deal with Chinalco to start developin…
Barrick prices IPO for ABG
Barrick Gold (ABX-T, ABX-N) is pricing the initial public offering of African Barrick Gold (ABG) at 5.75 (US$8.71) per share. African Barrick Gold will trade on the London Stock Exchange. Barrick exp…
First Quantum sees major spike in annual, quarterly earnings (April 05, 2010)
VANCOUVER — After riding out a rough start to 2009, First Quantum (FM-T, FQM-L) has seen a strong recovery in quarterly and annual earnings thanks to a resurgent copper price.The company reported net earnings of US$227.2 million for the last…
Goldcorp Q4 earnings plummet despite record production
VANCOUVER– Goldcorp (G-T, GG-N) achieved record gold production for 2009 but it was not enough to counter a major slide in earnings caused by foreign exchange losses.
Vale Inco renews ABB deal at Voisey’s Bay
Swiss automation and engineering giant ABB (ABB-N) has just signed an agreement with Vale Inco, a subsidiary of Vale (VALE-N) to cover equipment maintenance at the company’s Voisey’s Bay nickel mine i…