Exchange rates (March 11, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
BID-ASK (March 11, 2011)
12-MONTH
Detour Gold determined to go it alone
Toronto-based Detour Gold (DGC-T) will resist takeover attempts as the junior focuses on increasing and developing its resources at the Detour Lake project in northern Ontario, already the largest pure gold play in North America, says president…
Colombia’s gold rush kicks into high gear
Colombia continues to excite mining investors and exploration geologists alike. With over 41 million oz. of gold identified so far, 2011 promises to be a landmark year for this country’s reemergence as a serious gold destination, as various…
The way from San Jose
Last October’s miraculous rescue of 33 trapped miners at San Jose has catapulted Chile’s Mines Minister Laurence Golborne to the forefront of national politics, even to the point that some are talking of him as a possible presidential candidate…
Goldcorp pushes lonore ahead
When Goldcorp (G-T, GG-N) acquired Éléonore in March 2006 from what is now Virginia Mines (VGG-T) in a US$425-million deal, the project had no reserve or resource estimate, just a lot of speculation on how big it was going to get…
Northgate updates resource at Kemess
Northgate Minerals (ngx-t, nxg-n) has boosted its indicated resource tonnes by 18% and its contained gold and copper by 10% and 9%, respectively, at its Kemess underground project in north-central British Columbia.
Emerging gold belts lure juniors to Yukon, Alaska and BC
The discovery of new gold belts and deposit types has led to a modern-day gold rush in parts of the Yukon, Alaska and British Columbia, according to government geologists who track such activity in their jurisdictions.
Coeur d’Alene hits sweet spot (March 11, 2011)
Despite a slight decline in annual production, Idaho-based Coeur d’Alene Mines (CDM-T, CDE-N) cashed in on climbing silver prices in 2010, recording record sales of US$515 million, a 72% increase over 2009 revenue. If precious metal prices…
Alamos updates projects in Turkey
Alamos Gold (AGI-T) expects to release a resource estimate in March, and a prefeasibility study before July for its projects in Turkey: Agi Dagi and Kirazli.
Shawn Ryan takes the helm at Ryan Gold
With 56 properties scattered throughout the Yukon to explore, Ryan Gold’s (RYG-V) new president, Shawn Ryan, has his work cut out for him. Ryan sold six gold properties to the company last September, and on Feb. 16, the long-time prospector and…
Fire River gets PEA on Nixon Fork
Capital costs to resume production at Fire River Gold’s (FAU-V, FVGCF-O) flagship Nixon Fork underground gold mine in Alaska are estimated at US$6.3 million, with a projected payback of three months, according to a preliminary economic…