Metals, Mining and Money Markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 8, 2012 Precious MetalsPrice…
2012
Nunavut explorers fired up for 2012
Nunavut has been a tough place for gold companies of late, with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay gold project and Agnico-Eagle Mines (AEM-T, AEM-N) cutting years off its new Meadowbank gold mine in the face of cost overruns.
Allana pumps up potash resource at Dallol
Toronto-based explorer Allana Potash (AAA-T) took a step closer to -releasing a bankable feasibility study on its Dallol potash project in Ethiopia when it released an updated resource estimate to kick off May.
AuRico adds third mine to its portfolio
AuRico Gold (AUQ-T) has added another mine to Kirkland Lake’s heritage.
Gold Fields eyes Bear Lake’s assets
Gold Fields (GFI-N) has signalled interest to acquire a majority stake in Bear Lake Gold’s (BLG-V) early stage exploration assets, driving shares of the Ontario-focused junior up 50% on April 10.
Curis an innovator and educator at Florence
When it comes to the mining industry’s grand stage, companies are often required to play different roles. The tale is much the same for Hunter Dickinson-backed Curis Resources (CUV-T) in its gambit to develop its Florence in-situ copper…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will be suspended, Baja Mining (BAJ-T) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in funding…
Freeport in eye of Indonesia’s nationalization storm
The world’s largest, publicly traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalization overtures aimed at its Grasberg…
Market News
Toronto Stock Exchange
Colt hunts gold and tungsten in Portugal
Montreal-based junior explorer Colt Resources (GTP-V) has focused on a few different projects since it hit the TSX Venture Exchange last February, but its eye has always been on Portugal.
Yamana produces more but misses expectations
Yamana Gold (YRI-T, AUY-N) reported impressive production– results but failed to impress the market with its latest financial -results.
Wallbridge entices PGM miners to Sudbury
Wallbridge Mining (WM-T) is locking up deals with big platinum players in a bid to prove up its projects while minimizing shareholder dilution.