Copper Investing News reports copper prices has been on a roller coaster ride with the global recession. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak US dollar and worries of shrinking Chinese demand. On the New York Mercantile Exchange’s COMEX division, copper’s morning range spanned $2.1070 to $2.1590, the contract’s highest level [...]
Creston Moly (TSXV:CMS) annouced today that the company has entered into a Letter Agreement to merge with Tenajon Resources (TSXV:TJS). Creston Moly will acquire the shares of Tenajon by issuing 0.84 Creston shares for each Tenajon share. Tenajon brings a three molybdenum projects and perhaps more important, $3m in cash as of Dec. 2008. Colin [...]
Pinetree Capital (TSX:PNP) announced first quarter 2009 financial results today. Net income was $28.6 million or $0.22 per share. This compares with a loss of $0.50 per share for the same period in 2008. The majority of the gains were seen in the resource portion of the portfolio, the fair value of which grew to [...]
Gold Investing News reports Mindoro, focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold-silver projects. Mindoro has identified 22 [...]
Gold Investing News reports joint venture with Teryl Resources and Kinross. Teryl Resources Corp. is one of the main holders of gold mining properties in Alaska’s Fairbanks Mining Division with significant land holdings around and adjacent to Kinross’ Fort Knox Mine, the largest producing gold mine in Alaska. The properties include the Gil project, which is a [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Overview Allana controls potash concessions covering 150 km2 in the Danakil Depression. The property has an Inferred Mineral Resource of 105,200,000 tonnes with a composite grade of 20.8 % KCl. The unique environment at Dallol suggests low CAPEX and OPEX may be achievable using solution mining, solar evaporation and geothermal energy. What we like about [...]
Silver Investing News reports silver prices maintain at its level with very little change. In the short-term, precious metals prices are being suppressed by positive news out of North American and European equities markets, which have experienced the biggest monthly rally since 2003. There seems to be a growing sentiment in the markets that banks [...]
Overview First Majestic Silver Corp. is committed to building a senior Silver producing mining company based on an aggressive development and acquisition plan with a focus on Mexico. The Company presently owns or operates three silver mines in Mexico; the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine. [...]
Strateco Resources Inc. is a mining exploration company characterized by its portfolio of uranium properties and its highly experienced management team. The Company owns 100% of four uranium mining properties and has interests in or options on four mining properties, all located in Quebec. The Company intends to aggressively pursue its exploration program, with the [...]
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