Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
News
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
South African dealmaker Roach finds US$100M for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic is not a job most people would relish. Taking the job without a salary to save the company money – well, that seems less…
Editorial: US debt swells, gold soars
A pillar of the gold bug’s argument for continued strength in the decade-long bull run for gold is the world-weary prediction that most of the U.S. political class will keep showing abject cowardice or wilful ignorance in dealing with the…
Commentary: Repeal of Nevada claim fee is good news for explorers
Nevada mining claim owners are celebrating the recent repeal of the onerous mining claims fee that Nevada legislators enacted in February 2010 to help balance the state’s budget. In response to a Nevada district court’s ruling in late May that…
Letter to the editor: Treating high-grade gold assays
In the letter from Stu Averill that you published in your July 18-24, 2011 issue, he raised several issues of wider interest than just the results published by Trelawney Mining and Exploration that he addressed. I draw your attention to some of…
Market news
Toronto Stock Exchange
Spot prices
Tuesday, Aug 2, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug 1, 2011 (change from July 25 in brackets):
Producer and dealer prices
Antimony: Mid-mkt US$13,700.00/t