People
Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…
United States
Quaterra completes MacArthur PEA
Quaterra Resources (QTA-V, QMM-X) has taken a step closer to near-term production at its MacArthur project, a fully stripped porphyry copper-oxide property in western Nevada’s historic Yerington copper district.A preliminary economic…
Yamana ramps up exploration at El Penon
Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…
Uranerz discovers new uranium trend
Uranerz Energy Corp. (URZ-T, URZ-X, URZ-N) says it has discovered a new uranium trend on its Monument project, just 24 kilometres southeast of where the company is building its first in-situ recovery uranium mine at the Nichols Ranch project in…
Silver Predator’s Taylor project doesn’t disappoint
Results from the first fourteen of twenty-five drill holes from its 2012 exploration program at its flagship Taylor project in Nevada sent shares of Silver Predator (SPD-T) up 35% to 25¢ a share on 7,300 shares traded.
Market News
Toronto Stock Exchange
TSX Venture Exchange
The S&P/TSX Venture Composite Index was virtually unchanged in the period, ending up a little over a point at 1,292.93. Volume also saw little change in-line with recent weeks, at a daily average of 69 million shares traded.Aurcana was the…
US Markets
U.S. equities rallied late in the trading week as markets anticipated that Spain would ask eurozone deputy finance ministers for a bailout for its troubled banks, which it did over the weekend. The Dow Jones Industrial Average and the S&P…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Editorial: Gold pivots on Wisconsin vote
The first week of June was a watershed moment in U.S. politics that will likely spill over into how the greenback and gold are valued. On June 5, public-sector unions suffered a major defeat at the ballot box in lefty Wisconsin, of all places…
Commentary: Time is ripe for miners to dole out cash to shareholders
Investors are hardly in the mood for risk.And when risk appetite wanes, the “principal-agent” issue rises to the forefront, pushing investors to favour cash in their own hands rather than it being left at the disposal of company…
Mineral Mountain strikes deal with Holy Terror
Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…