EXCHANGE RATES (October 11, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct 4 Oct 1 Sept 30 Sept 29 Sept 28 US$ in C$ 1.0234 1.0215 1.0298 1.0300 1.0306 C$ in US$ 0.9771 0.9790 0.9711 0.9709 0.970…
2010
Augusta secures US$176M for Rosemont
VANCOUVER — Augusta Resource (AZC-T, AZC-X) has taken another big step towards funding its Rosemont copper-molybdenum project with an infusion of cash from a Korean consortium.
OceanaGold returns to Didipio (October 11, 2010)
VANCOUVER — Two years after escalating costs forced OceanaGold (OGC-T) to halt development work at its Didipio gold-copper project in the Philippines, the Australianbased gold producer is taking anot…
Capital Gold spurns Timmins Gold for Gammon Gold (October 11, 2010)
In the same week that the board of Capital Gold (CGC-T, CGC-X) rejected a merger proposal from Timmins Gold (TMM-V), the New York-headquartered gold producer signed a definitive merger agreement with Gammon Gold (GAM-T, GRS-N).The boards of…
Geologix gets back on its feet (October 11, 2010)
Losing a key asset is never an easy thing for a company to rebound from.But Geologix Explorations (GIX-T, GXEXF-O), after having just such a thing happen to it early last year, is back at it again, looking to rebuild through the mineral…
Merger of equals for Genco, Silvermex
VANCOUVER — Mexico-focused Genco Resources (GGC-T) and Silvermex Resources (SMR-V) have agreed to join forces to better advance their silver and gold projects in the country.Silvermex has a number of projects at various stages of…
Arian planning to produce at San Jose
Production will begin in October at the past-producing San Jose silver mine in Zacatecas, Mexico, with cash flow anticipated in the fourth quarter, Arian Silver (AGQ-V, AGQ-L) says.The London-headquartered junior plans to use some of that…
Primero Mining’s lofty ambitions
DENVER, COLO. –Iamgold’s (IMGT, IMGT, IAG-N) former chief executive, Joseph Conway, has a new focus with Primero Mining (P-T). While the company has only been up and running as a public company for a just over a month, if Conway has anywhere…
Baja snags US$858M financing for Boleo
Construction and development can start “imminently” at Baja Mining’s (BAJ-T, BAJFF-O) Boleo project in Mexico’s state of Baja California Sur following a US$858- million financing, the company reports.Baja Mining’s 70%-owned company Minera y…
Quaterra doubles resource at Nieves
Quaterra Resources (QTA-V, QMM-X) has various properties in Mexico and in Nevada, Utah, Alaska and Arizona, but it’s the junior’s Nieves silver project in northern Zacatecas state that is getting most of the buzz recently.In August, Quaterra…
Minefinders sees growth despite delays at Dolores
VANCOUVER — Continued delays in repairing a leach pad have set back production at Minefinders’ (MFLT, MFLT, MFN-N) Dolores gold-silver mine in northern Mexico.In early August the company reported a tear in the heap-leach pad that it expected…
La Verde produces long porphyry hits
VANCOUVER — Catalyst Copper’s (CCY-V) first drill program at the La Verde project in Michoacan state, Mexico, is returning long copper-gold intercepts from two porphyry zones outlined by previous explorers.Catalyst is set to acquire a…