Kinross, Red Back set to merge
In a US$7.1-billion deal that would give Kinross Gold (K-T, KGC-N) a foothold in West Africa, the boards of Kinross and Red Back Mining (RBI-T) have agreed to a friendly merger that values the interme…
Volume 96 Number 25 - Aug 9 - 15, 2010
Western Pacific lays claim to Mineral Gulch
SITE VISIT CASSIA CTY., IDAHO — Rising prominently out of the flat scrubland, it is hard to believe the site of the past-producing Black Pine gold mine lay largely forgotten…
Nautilus’s novel undersea mining proposition
For the past five years, Nautilus Minerals has been working to bring undersea mining from the theoretical realm to the practical.
TORONTO STOCK EXCHANGE JULY 24 -30
The TSX composite index finished the July 26-30 period up 20 points at 11,746.8 joining in the global market rally. The resource-heavy index was, no doubt, helped by oil prices that hit a three-month …
TSX VENTURE EXCHANGE JULY 24 -30
The S&P/TSX Venture composite index gained four out of five days during the last week of July to close the week up 32.38 points at 1,427.36. Daily trading volumes remained low, averaging just 75 m…
U.S. MARKETS JULY 24 -30
The week of July 26-30 was a fairly moderate one for U.S. equities. The Dow Jones industrial average lost 0.4% or 41.32 points to close at 10,465.94, while the S&P 500 index lost 0.1% or 1.06 poin…
Stornoway, Soquem to decide Renard’s fate
Stornoway Diamond (SWY-T) and 50-50 joint-venture partner Soquem are now officially going ahead with a feasibility study on the Renard diamond project in north-central Quebec with a goal of deciding b…
Zambia’s gov’t may reinstate windfall tax
Dow Jones Newswires is reporting that a parliamentary committee in Zambia is recommending that the government reintroduce a 25% windfall profit tax on mining companies that was scrapped early last yea…
US Gold gets El Gallo resource
The initial resource estimate for US Gold’s (UXG-T, UXG-X) El Gallo silver discovery in Sinaloa state, Mexico, tallies up to 25.1 million oz. silver and 21,000 oz. gold under the measured and indicate…
Positive economics for Midway’s Pan
VANCOUVER — A preliminary economic assessment of Midway Gold’s (MDW-V) Pan gold project in White Pine Cty., Nev., predicts an open-pit mine could produce 44,000 oz. gold annually for roughly US$450 p…
Prospero gets slapped by BCSC
Prospero Silver (PSL-V) got too aggressive with its announcements and as a result the British Columbia Securities Commission (BCSC) has scrutinized the Vancouver-based company.
SPOT PRICES (August 09, 2010)
COURTESY OF SCOTIABANK