Vancouver — MAX Resource (MXR-V) continues to search for a copper-silver porphyry system at its Majuba Hill property in Pershing County, Nevada. Assays were released in early February from a second quarter 2011 drill campaign.
Vancouver – The S&P TSX Venture Composite Index saw its first week of decline since mid-December in the February 6 to 10 trading period, dropping 11.56 points to 1,653.55 points as questions about the Greek debt deal overshadowed…
Fears over whether Greece would be able to meet austerity requirements set by the European Union meant the risk-free trade was back on. That led investors to pile into U.S.treasuries sending both the Canadian dollar and the TSX Composite Index…
Despite some signs of economic recovery in theUnited States, broader fears thatGreece’s parliament would not approve the stricter financial reforms necessary for the country to receive more bailout funds dampenedU.S.equities in the Dec….
From gold- or silver-backed exchange-traded funds (ETFs) to high-risk junior exploration plays, options, futures, coins, bars or shares in senior mining companies, the modern investor has no shortage of ways to invest in precious metals.
Short positions outstanding at Jan. 31/12 (with changes from Jan. 15/12).
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Luxor Capital Group has increased its partial offer for Crocodile Gold (CRK-T), which operates gold mines in Australia. The New York-based investment company has raised its bid to US62¢ from US56¢ a share to buy 215.4 million…
Perth-based Perseus Mining (PRU-T, PRU-A) has brought its first West African gold mine to commercial production, pouring 35,801 oz. gold from the Edikan gold mine in Ghana in the fourth calendar quarter of 2011.
Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior’s future production.
Slovakia has four nuclear reactors that generate half the nation’s electricity needs, and two more reactors are planned or under construction. That makes Tournigan Energy’s (TVC-V) flagship Kuriskova uranium deposit in the country an attractive…
Salazar Resources (SRL-V) climbed 18% on news that diversified miner Lundin Mining (LUN-T) is acquiring a 15.4% stake in the company by buying over 80% of Salazar’s $3-million private placement, consisting of 6 million units…
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