Latin American Minerals raises $12.6 million for Paraguay gold project
Latin American Minerals (LAT-V) has sold all of its shares in Lithium Americas Corp. (LAC-T) to invest in its prospective Paso Yobai gold project in Paraguay.
News
Goldgroup hits high-grade gold at San Jose de Gracia
Vancouver – Mexico-focused Goldgroup Mining (GGA-T) has hit a very high-grade gold intercept at the San Jose de Gracia project where it is earning a 50% interest. Targeting the northeast…
Diamond results from Chidliak compare favourably to Diavik
While it’s still early days at Peregrine Diamonds’ (pgd-t) Baffin Island Chidliak diamond project, mini-bulk sample results from the promising CH-6 kimberlite compare well to the kimberlite pipes being mined in similar Arctic conditions at the…
Agnico-Eagle agrees to option agreement with Golden Goliath
Agnico-Eagle Mines (AEM-T, AEM-N) and Golden Goliath Resources (GNG-V) have signed a letter of intent for an option and joint-venture exploration and development agreement at the junior’s Las Bolas and Los Hilos properties in northwestern…
Peru’s Toledo builds bridges with Canadian miners (December 07, 2010)
Alejandro Toledo, president of Peru from 2001-06, announced in November that he is returning to the public stage and running in the Peruvian presidential elections that will be held in April 2011 to find a successor to current President Alan…
Venture climbs on strong volume
Vancouver – For a second week the S&P TSX Venture Exchange shrugged off its short downturn and made overall gains of 52.93 points. The board ended at 2109.93 points after going up 59.13 points over four days and down 6.2 points one day.
Short Position Report (December 06, 2010)
TSX Short Positions Short positions outstanding at Nov. 30/10 (with changes from Nov….
Miners carry TSX higher
Despite some poor economic indicators – such as Canada’s account deficit widening to its largest level since 1946 — investors were still holding to the theme of upside potential going forward. Such bullishness was supported by stronger…
Castle Resources finds more copper below mined-out ore bodies at Granduc
Toronto-based junior Castle Resources (CRI-V) wants to redevelop the past-producing Granduc copper mine near Stewart, British Columbia, which produced 420 million pounds of copper plus gold and silver credits between 1971 and 1984.
U. S. Markets end week on positive note despite poor jobs market
U.S. stocks finished the week with a strong performance, amid mixed economic data. While U.S. retailers reported strong November sales, a new jobs report showed unemployment had risen to a seven-month high of 9.8% in November as hiring slowed….
SouthGobi Resources inks alliance with Winsway Coking Coal
Shares of SouthGobi Resources (SGQ-T, 1878-SEHK) leapt $1.82 or 15.04% to $13.92 apiece by early afternoon in Toronto on news the company had signed a five-year strategic alliance to sell at least two million tonnes of coal a year to Winsway…
Peregrine’s Chidliak delivers the goods (December 06, 2010)
Highly anticipated mini-bulk sample results from Peregrine Diamonds’ (PGD-T) Baffin Island Chidliak diamond project didn’t disappoint.