Exchange rates (May 09, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Volume 97 Number 12 May 9 - 15, 2011
Roxgold hits more high-grade gold at Yaramoko
Starting at a depth of 6 metres, Roxgold (ROG-V) drilled 20 metres of 28.61 grams gold per tonne at the Bagassi Central target of its Yaramoko gold project in Burkina Faso. Further downhole, starting at 38 metres, a separate 11-metre…
Chinese M&A benefits from cost of capital arbitrage (May 09, 2011)
China’s mergers and acquisitions are “stepping up a notch” and with access to cheaper capital from state-owned banks, the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a recent Citi Investment…
Western Potash expands resource
Western Potash (wpx-v) has boosted measured resources by 55%, indicated resources by 34% and inferred resources by 25% at its Milestone potash project in Saskatchewan, about 50 km south of Mosaic’s (mos-n) Belle Plaine mine, one of the world’s…
Silvore Fox attracts Chinese investor
A Chinese group that invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before Canaco discovered the Handeni gold deposit has added to its large interest in Nova Scotia explorer Silvore Fox Minerals (SFX-V).
Karnalyte sees swan in ugly duckling carnallite
Robin Phinney thought he had put a successful career as a chemical engineer behind him, but the search for the world’s next great potash deposit proved too enticing to resist.
Rockcliff intersects more copper, zinc at Lon
Rockcliff Resources’ (RCR-V) 100%-owned Lon deposit, part of the company’s 660-sq.-km Snow Lake volcanogenic massive sulphide (VMS) project in Manitoba’s Flin Flon greenstone belt, remains open in all directions and recent drill results…
Crowflight’s fresh start at Bucko Lake
With a new management team, a few hundred million more shares outstanding, a new head-office city, and a different mining strategy all instituted in recent months, Crowflight Minerals (CML-T) looks to be the same company in name only, and even…
Premier updates Hardrock
After two years of exploration, measured and indicated resources have jumped by 269% to 2.5 million oz. at Premier Gold Mines’ (PG-T) 70%-owned Hardrock gold project near Geraldton in northwestern Ontario. Inferred resources have grown by…
Industry group worries about rare-earth supply
How fast Chinese exports of rare earths get to zero is the $64,000 question, Keith Delaney, executive director of the Rare Earth Industry and Technology Association, told participants on a private conference call on March 31.
Corsa advances coal operations in Pennsylvania despite weather delays
Despite being nearly two months behind schedule, shareholders of Corsa Coal (CSO-V) reacted positively to news that the company’s Wilson Creek metallurgical coal processing plant in Pennsylvania will be commissioned and fully functioning by the…
Peruvian tailings issues hurt Century
Peru’s Ministry of Mines has allowed Century Mining (CMM-V) to resume milling and processing operations at its San Juan gold mine after the ministry completed an evaluation of the mine’s tailings dams. The company has yet to downgrade its gold…