Taunus resource by March: Oro
Oro Gold Resources (ORG-V, OGRSF-O) says that drill results from its Taunus resource expansion program in Sinaloa, Mexico, are prompting the company to expand its 2,000-metre program.
News
Resources up, profits down for Silver Standard (November 19, 2007)
Vancouver — Hoping good news can cancel out bad news in the minds of investors, Silver Standard Resources (SSO-T, SSRI-Q) announced an increase to the indicated resource at the company’s Pitarrilla s…
North American Stock Exchange Indices (November 19, 2007)
Date Nov. 12 Nov. 9 Nov. 8 Nov. 7 Nov. 6 High Low S&P/TSX-Ven Comp 2952.62 3048.54 3068.86 3108.95 3173.64 3372.00 2348.00 TSX Composite 13604.96 13869.82 14128.59 14118.18 14370.56 14646.82…
CNQ Trading — Nov. 6-12, 2007
STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Alliance Mining AMCL 1200 0.23 0.16 0.23 0.00 0.23 0.10 Avanti Mining AVMI 760 0.80 0.60 0.69 + 0.08 0.80 0.40…
Ironing out possible mega merger
Spurned by the board of Rio Tinto (RTP-N, RIO-L, RIO-A) in a friendly approach, BHP Billiton (BHP-N, BLT-L, BHP-A) has made its proposal for a US$138-billion all-share bid public in an attempt to brin…
‘Dark clouds’ over Tahera
Tahera Diamond’s (TAH-T, TAHEF-O) future appears about as grim as the company’s books, which have been saturated in red ink since commercial production began at its Jericho diamond mine, in Nunavut, i…
Silver Wheaton grabs interest in Mines Management (November 19, 2007)
Vancouver — Silver Wheaton (SLW-T, SLW-N) is dipping into the silver deposit basket again, this time pulling out an 11% interest in Mines Management (MGT-T, MGN-X) for a purchase price of US$10 milli…
NovaGold, Barrick to split Donlin 50/50
Vancouver — After long legal disputes and lots of nasty words, NovaGold Resources (NG-T, NG-X) and Barrick Gold (ABX-T, ABX-N) have decided to bury the hatchet and work together to advance the large-…
Artisanals point the way for African Gold Group
Miners have long been divided about artisanal miners working their concessions. Although the activity can at times lead to conflict, artisanals are widely credited with providing free — if inadverten…
Mongolia’s minefield
Ulaanbaatar, Mongolia — Mining executives at the recent Discover Mongolia 2007 Conference spoke out strongly against controversial mining laws they claim are strangling mine development and urged the…
Cameco prepares for less cash in Q4 (November 19, 2007)
Record-breaking uranium prices have continued to mask the setbacks that Cameco (CCO-T, CCJ-N) has been confronting over the last year, with third-quarter net earnings reaching $275 million.
Peru’s progress
Commentary — The following is an edited version of a speech by Peruvian President Alan Garcia Perez at a ceremony in late October to open Southern Peru Copper’s new copper…