A 50% increase in indicated resources at the Bakyrchik deposit “bodes well” for the definitive feasibility study that is due out in the second quarter of 2011, Altynalmas Gold and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) say.
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million ounces of gold from its operations in Quebec, Ontario and Newfoundland and by the middle of this year expects to add production…
TSX Short Positions Short positions outstanding at Feb. 15/11 (with changes from Jan….
By looking only at the TSX Composite Index, the recession would appear to be miles away. The Index was up 2% or 288 points for the Feb. 14-18 and actually got within 6% shy of the 15,000 level that it peaked at before the recession hit.
While unrest in several countries in the Middle East and in Libya in particular put pressure on global markets and drove some investors out of riskier assets like equities in search of safer havens, U.S. stock markets overall proved remarkably…
Cape Town, South Africa – The mood at the 2011 Mining Indaba conference in South Africa was markedly upbeat as the industry experiences booming growth, but the host nation was left wondering how it had missed out.
Vancouver – The S&P TSX Venture Exchange made respectable gains in the Feb. 14-18 week, up 66.12 points after climbing all five days to close at 2423.68 points. Volume averaged 202 million shares traded daily, while 143 companies hit…
There isn’t much to see at Curis Resources’ (CUV-V) Florence copper project, consisting mostly of flat empty farmland, but that’s the idea.
Entrée Gold’s (ETG-T, EGI-X) first diamond drill hole at its 100%-owned Ann Mason porphyry copper-molybdenum deposit in western Nevada’s Yerington district returned 988 metres of copper mineralization in what Greg Crowe, the…
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in Tanzania’s Handeni district, where last December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1 grams gold, but…
Shares of Condor Resources (CN-L) leapt 30% to close at £6.50 apiece with 8.7 million shares changing hands on news the London-headquartered company was starting to drill its La India concession in Nicaragua.
A hostile takeover bid turned friendlier on Feb. 13 when Ventana Gold (VEN-T) verbally agreed to a new takeover price of $13.06 in cash per share from EBX Group, up 43¢ from the latter’s initial offer of $12.63 per share last…
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