Lundin and Inmet part ways
Lundin Mining (LUN-T, LUMI-O) and Inmet Mining (IMN-T) have broken off their proposed engagement on the grounds that they “could not reach a position that we thought would be supported by both companies’ shareholders.”
2011
Zimbabwe sets indigenization timeline
Vancouver – Never a dull place to operate, Zimbabwe has announced it is going ahead with its indigenization law and foreign mining firms now have until September 25 to sell a majority stake to locals.
La Mancha looks to add ounces in 2011
Having a geographically diversified portfolio of mining projects is always a good idea, but it is especially so when one of your projects is in Cote d’Ivoire. La Mancha Resources (LMA-T) had to suspend all gold mining and exploration activities…
San Gold plans to nearly double production in 2011
San Gold (SGR-T, SGRCF-O) produced 43,498 ounces of gold last year and intends to nearly double that amount this year to 80,000 ounces.
Moneta makes headway at Golden Highway
In just under a year Moneta Porcupine Mines (ME-T, MPUCF-O) has discovered three large zones close to its historic resource of 624,500 ounces of 5.98 grams gold per tonne at its Golden Highway project in Ontario.
Scotiabank report analyses Japan’s impact on commodities
A new report from Scotiabank says the negative fallout from Japan’s earthquake and tsunami are “likely to prove temporary with Japan quickly gearing up its economy again.”
U.S. markets stronger, Mar. 21-25
U.S. equity markets posted stronger results in the Mar. 21-25 trading week with the Dow Jones Industrial Average edging up 3.05% or 362.07 points to finish at 12,220.59, and the S&P 500 index rising 2.71% or 34.60 points to 1,313.80. The…
Institutional Shareholder Services recommends Equinox bid
Equinox Minerals (EQN-T, EQN-A) announced today that Institutional Shareholder Services, an independent corporate governance analysis and proxy voting firm, is recommending that Lundin Mining (LUN-T, LUMI-O) shareholders vote in favour of its…
Venture makes gains in March 21-25 period
Vancouver – The S&P TSX Venture exchange made gains of 70.16 points in the March 21 to 25 period to end at 2,314.03, but is still short of its 2,439.83-point peak before the Japan earthquake severely disrupted markets.
Canadian politics have no effect on TSX
An eventful period in politics didn’t translate into much excitement on the TSX, as the TSX Composite Index rose only slightly for the Mar. 21-25 period, gaining 120 points to finish at 14,039.39 points. As a coalition of opposition…
Long intercept lifts Prodigy (March 28, 2011)
Prodigy Gold (PDG-V) continues to hit significant gold intercepts as it drives to push its Magino gold mine back into production.
Great Panther leaps on new resource, silver price (March 28, 2011)
Positive exploration and development news from its two silver mines in Mexico and a 30-year-high silver price have helped Great Panther Silver (GPR-T, GPL-X) achieve an all-time share price high.