Amazon’s Cerrado Verde: a game changer?
Any company whose stock has moved from 93¢ per share to a high of $8.00 over the course of a year deserves a closer look, and so it is with Amazon Mining Holding (amz-v).
Volume 96 Number 48 Jan 17 - 23, 2011
Canarc snags Relief Canyon
An 18-month search by Canarc Resource (ccm-t) for new acquisitions has culminated with the successful bid to buy a mostly built and permitted, open-pit, heap-leach gold mine in Nevada through a bankruptcy court auction.Canarc has agreed to buy…
Toronto stock exchangeJanuary 4-7
The resource-heavy TSX composite index closed the holiday-shortened Jan. 4-7 week for a loss as commodity prices pulled back from record territory on generally positive U.S. economic news that sent gold into a tailspin.The index fell 170.92…
TSX VENTURE EXCHANGE January 4-7
The shortened first week of trading in the New Year saw the S&P-TSX Venture composite index drop 62.46 points between Jan. 4 and 7 to end at 2,225.39. Volumes were back to a brisk pace, averaging 164 million shares traded daily. Despite the…
U.S. MARKETS January 3-7
The first trading week of the New Year saw the Dow Jones industrial average edge up 97.25 points to 11,674.76 while the S&P 500 index rose 13.86 points to 1,271.50. The Nasdaq composite was up 50.3 points to 2,703.17. Twenty-seven miners on…
Broadway actor launches Sierra Leone gold explorer
With roles in the latest James Bond movies Casino Royale and Quantum of Solace and a parallel career on Broadway, actor Jeffrey Wright is a busy man. His performances have earned him a Tony, a Golden Globe and an Emmy, but over the last seven…
MDN is more than just a gold play (January 17, 2011)
MDN (mdn-t) may be best known for its 30% interest in the producing Tulawaka gold mine in Tanzania operated by Barrick Gold (abx-t, abx-n) and a portfolio of exploration projects in the surrounding Lake Victoria gold district. But some…
GC4C to raise funds for students at Roundup
Global Change for Children (GC4C) will kick off its 2011 fundraising campaign at Mineral Exploration Roundup, to be held Jan. 24-27 in Vancouver.In keeping with the conference theme, “Exploring Today for Tomorrow’s Resources,” the registered…
HudBay bids for Norsemont (January 17, 2011)
HudBay Minerals (hbm-t, hbm-n) is looking to venture farther south than it ever has before to acquire its next project. The company has made a friendly $520-million pitch to Norsemont Mining’s (nom-t) shareholders in the hope of nabbing…
Obituary: Paul Smith
Paul Lamond Smith (b. 1934) died peacefully at home on Jan. 8 in Shubenacadie, N.S.Born in Halifax, Smith studied geology at Mount Allison University. He worked in the mining industry in northern Ontario; Elliot Lake and at Kid Creek Mine in…
Gov’t steps into Voisey’s strike
The first week of 2011 saw the public release of a candid and rather damning report by a Newfoundland and Labrador government-appointed commission on the 17-month strike by 120 members of United Steelworkers Local 9508 at Vale’s Voisey’s Bay…
Copper is the consensus metal for 2011 (January 17, 2011)
When it comes to metals with the best fundamentals, the consensus for 2011 seems to be that copper wins hands down. The industrial metal already rose more than 30% in 2010.”Everybody seems to be bullish on copper and I hate to be a consensus…