Osisko Funds Canadian Malartic
VANCOUVER– With another major financing agreement signed, Osisko Mining (OSK-T, OSKFF-O) has all the funds it needs to build a major new gold mine at its Canadian Malartic project.
News
Big Red Diamond Stakes Rare Earth Claims In Quebec
Big Red Diamond (DIA-V, BIGRF-O) has acquired a 100% interest in 88 claims over a 47.1-sq.-km area about 52 km northwest of Septles, in Quebec, that are very close to a showing of rare earth elements…
North American Palladium Raises $65M
After accepting and then rejecting an unpopular $50-million financing through 7% convertible notes, North American Palladium (PDL-T, PAL-X) has found a way to raise the money, and then some, via flow-…
Ivanhoe Seals The Deal
It’s one of those dramas that has carried on so long that its resolution is oddly underwhelming.
Mining Execs More Optimistic
— The following are the latest findings of the Mining Recruitment Group’s survey of more than 70 mining executives that was distributed and completed during the first week of August 2009. This survey…
People (October 12, 2009)
Colossus Minerals — Randy Reichert appointed president and COO; Vic Wall has resigned as president but becomes VP of exploartion; Augusto Kishida has resigned as VP of exploration but becomes VP of b…
2 Die In Mine Accident In Mexico
Two miners were killed on Sept. 26 at Dia Bras Exploration’s (DIB-V, DBEXF-O) Bolivar copper-zinc mine in Chihuahua, Mexico.
Mercator Minerals And Stingray Copper To Merge
Stingray Copper (SRY-T, SRYYF-O) shares bounced 37.5% or 18¢ to 66¢ apiece on news of its pending merger with Mercator Minerals (ML-T, MLKKF-O) — a deal that will transform the junior overn…
U.S. Markets – SEPT. 29 -OCT. 5
The Sept. 29-Oct. 5 reporting period continued to post red flags as the key U. S. market indicators declined for the second week in a row.
Toronto Stock Exchange – SEPT. 29 -OCT. 5
The S&P/TSX composite index fell 2% over the Sept. 29-Oct. 5 reporting period, shedding 236.1 points to close at 11,102.62. This sudden dip came after some of the strongest quarterly advances the …
TSX Venture Exchange – SEPT. 29 -OCT. 5
For the latter half of September, the S&P/TSX Venture composite index held steady just below 1,300 points. And so far, it’s been much of the same for the beginning of October. During the Sept. 29-…
LME Warehouse Levels (October 12, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 6, 2009 (change from Sept. 29 in brackets):