Lending rates
as of 9 a.m. ET. Aug. 23, 2010(%)
2011
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
New Gold up on Blackwater drill results
New Gold (NGT-T, NGD-X) touched a new 52-week high, after posting strong drill results from its Blackwater gold project in central B.C.
Quadra FNX pumps profits despite lower production
It was a busy second quarter for copper miner Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals.
4M oz. gold at Probe’s Borden Lake
Probe Mines (PRB-V) jumped 17.3%, or 26¢, to $1.76 per share on news its Borden Lake gold project situated about 110 km east of Lake Superior near Chapleau, Ont., contains 4 million oz. gold and nearly 6 million oz. silver.
Majescor doubles on Haitian drill results
At long last, Ottawa-based Majescor Resources (MJX-V) has received high-grade gold assays from drilling completed in December 2009 at its Somine gold-copper project in northeastern Haiti.
Mexican investor to take 39% stake in Animas
Vancouver – Mexican investor Ernesto Echavarria has given Animas Resources (ANI-V) a $3.4-million cash injection as it works to advance the Santa Gertrudis gold project in northern Mexico.
Teck advances its oilsands projects
Teck Resources (tck.b-t, tck-n) is looking to produce more than 30,000 barrels per day by 2016 from its oilsands projects in Alberta.
Detour Gold taking the direct route towards production
The landscape around Cochrane Ontario is prototypical of the land in northeastern Ontario: a flat horizon dense with coniferous trees, broken only intermittently by a still black lake.
Cadillac boosts Thierry resource
Cadillac Ventures (CDC-V) has increased the measured and indicated resources by 33% and inferred resources by 75% at its100%-owned Thierry mine project in northwestern Ontario based on drilling completed in 2010 and 2011.
Nevsun hits more copper at Bisha
Vancouver – Nevsun Resources (NSU-T) has pulled numerous copper hits from an area just outside the established resource at its producing Bisha mine in Eritrea.
Canaccord forecasts more M&A on the way
Despite the strong fundamentals of gold producers and declining gold equity valuations, M&A in the gold sector has been fairly limited so far this year. But Canaccord Genuity argues that’s about to change.