Exchange rates (April 18, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
Premier Gold emerges in Nevada (April 18, 2011)
When investors think of gold plays in Nevada they typically don’t think of Premier Gold Mines (PG-T), a company best known for its gold projects in Ontario.
Pacific Wildcat confirms rare earths in Kenya (April 18, 2011)
A first round of drill results from the Mrima Hill rare earth-niobium project in southeastern Kenya has given Pacific Wildcat Resources’ (PAW-V) share price a major boost.
Metals commentary: UBS slashes near-term commodity price forecasts
Accelerated capital outflow from emerging markets and tighter liquidity as stimulus ends from the U.S. Federal Reserve and the European Central Bank, a “rebalancing” in China where policy-makers are not actively stimulating private construction…
Balmoral hits high grades at Martiniere
Vancouver – Balmoral Resources (BAR-V) has followed up an encouraging March gold hit from its Martiniere project in Quebec with a second rich intercept.
Early Canaco investor buys large stake in Silvore Fox
Vancouver – A Chinese group which invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before its discovery of the Handeni gold deposit has recently added to its large interest in Nova Scotia base-metal explorer…
Greystar shuffles management to appease unhappy investors
Vancouver – After being forced back to the drawing board last month in the face of major environmental opposition to its proposed heap-leach open-pit Angostura gold mine in Colombia, Vancouver-based Greystar Resources (gsl-t, gsl-l) has agreed…
Gold Fields and Iamgold finally cut deal on Tarkwa
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and with an eye towards that end the company is buying out Iamgold (IMG-T, IAG-N) from a project in Ghana. Gold Fields announced it has a deal in place…
NSGold enters Mexico property deal
Vancouver – Launching only last autumn as a Nova Scotia-focused gold play, NSGold (NSX-V) has now entered into a definitive option agreement for 100% of the Dios Padre silver property in Mexico’s Sonora State.
Glencore looks to let the light shine in
One of the most notoriously hush-hush commodity players in the world is set to open both its equity and its books to the public as Glencore International is set to make an initial public offering.
EMED clears major permitting hurdle
Vancouver – After years of struggling through a bureaucratic, political and legal quagmire, Cyprus-based EMED Mining (EMD-T, EMED-L) finally looks to have production at its Spanish copper project within sight.
French Green Party meddles with Rockgate’s uranium exploration plans
Vancouver – Along with many other uranium explorers or producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis…