RCMP looks at Cardero’s activities in Ghana
Despite promising early results from its Sheini Iron Ore project in Ghana, Cardero Resources (CDU-T) could be facing some legal headaches over the project.
News
TSX drops on global growth concerns
It was a turbulent week for the Toronto Stock Exchange as the S&P/TSX Composite Index gained for three straight sessions before plummeting 351 points on June 21, the biggest one-day loss of the year. The next day the index recovered…
U.S. markets take another hit, Jun 18-22
News mid-week that the U.S. Federal Reserve will deliver more monetary stimulus by extending its program of selling short-term securities to buy longer-term ones in order to keep long-term borrowing costs down, was followed by a rash of…
Market news
TORONTO STOCK EXCHANGE
Colombian drilling lifts Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢, or 3.9%, to $7.38 apiece on June 4.Highlights from the holes drilled into the Yaragua system…
Panoro shows promise in Peru
Panoro Minerals (PML-V) has over a dozen properties in Peru, but is focusing on developing its two advanced-stage projects in the country’s southeastern region.Its top priority is the wholly owned Cotabambas copper-gold project,…
Xstrata copes with civil unrest in Peru
As with many resource-rich developing countries, there can be tensions in Peru between pro-mining interests and affected local communities. Switzerland-based Xstrata (XTA-L) is stuck in the middle of such a dispute as regional…
Candente makes headway in Peru
On the last day of May, Peru’s Ministry of Energy and Mines granted Candente Copper (DNT-T) the permit it needs to complete drilling for its feasibility study on the Canariaco Norte project, a porphyry copper deposit about 700 km…
Yamana ramps up exploration at El Penon
Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…
Yamana pounces on Extorre
Following a tumultuous four months that saw its share price plummet and development options narrow, Vancouver-based explorer Extorre Gold Mines (XG-T, XG-X) has found a solution to its problem in the form of Toronto-based miner Yamana Gold…
LME falling into Chinese hands
In another milestone of Britain’s century-long fading as a global power, the 135-year-old, privately held London Metal Exchange — the world’s premier non-ferrous metals market — looks set to be sold off to interests…
Commentary: Mining execs short-term gloomy, long-term optimistic: MRG survey
The following are findings from the Mining Recruitment Group’s (MRG) latest annual Executive Survey, which was distributed during the first week of June and completed by 140 mining leaders.This has been a year of tremendous volatility for…