INTERNATIONAL QUOTES (August 11, 2008)
Australia (A$) Aug 5 July 29 Change Bendigo Mining 0.20 0.23 -0.03 Centamin Egypt 1.04 1.08 -0.04 Kingsgate Cons. 5.60 5.70 -0.10 Lion Selection Ltd 1.50 1.51 -0.01 N…
News
SouthGobi Energy’s coal resource soars
Shares of SouthGobi Energy Resources (SGQ-V, SGQRF-O) vaulted $1.90 apiece on news that the company’s total measured and indicated surface resource of coal in southern Mongolia has grown by 73% to 258…
Andina doubles Volcan
Andina Minerals (ADM-V, ADMNF-O) has boosted measured and indicated resources at its Volcan gold project, in Chile, to 6.62 million oz. gold. The last resource estimate was released in October 2007 an…
COMMENTARY
— In July, the Ontario government announced plans to bar development in about half of the province’s boreal forest. The following is a letter from Ontario Mining Association President Chris Hodgson t…
Editorial: Teck, Goldcorp, find there’s no place like home
With Canadian miners running into all sorts of problems overseas dealing with greedy and at times openly hostile governments, assets back home in the Great White North are looking better each year, ev…
Thermo Fisher snags award for new XRF analyzer
Thermo Fisher Scientific (TMO-N) has been awarded the R&D 100 award for technological innovation for the company’s handheld X-ray fluorescence (XRF) analyzer.
U. S. MARKETS JULY 29-AUG. 4
The main U. S. stock indices were up during the July 29-Aug. 4 trading session, buoyed by a falling oil price. The Dow Jones Industrial Average rose 153 points, or 1.4%, to 11,284; the Standard and Po…
TSX VENTURE EXCHANGE JULY 29-AUG. 1
Despite another week that saw more than 300 new lows versus only four new highs, the S&P-TSX Venture Index managed to creep up 52 points during the truncated July 29-Aug. 1 trading session. The in…
Certej study predicts 11-year mine life
A feasibility study for European Goldfields’ (EGU-T, EGU-L) Certej gold-silver project in Romania says an open-pit mining operation could produce an average of 156,000 oz. gold and 814,000 oz. silver …
Delayed startup for Equinox
VANCOUVER–It’s been an up-and-down past few months for Equinox Minerals (EQN-T, EQMIF-O) as it tries to get its Lumwana copper, in Zambia, project into production.
Oromin tallies Sabodala resource
Oromin Explorations (OLE-V, OLEPF-O) has reported an initial inferred resource estimate totalling 1.4 million oz. gold at its Sabodala project in eastern Senagal.
SPOT PRICES (August 11, 2008)
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