Unfortunately, I've decided to close up this blog. For those who have read it, I thank you for stopping by.
To be honest, it was a straightforward task digging up the news items. Here's how I did it: from Marketwire, I used the keyword "gold" in the Advanced Search box and filtered the stories by Toronto and TSX Venture stock exchanges. Once the info was entered, I only needed to press the "Refresh" button to call up newer items.
For CNW, a Keyword search using "gold" as the keyword will pull up stories, which have to be manually filtered to weed out ones that don't relate to gold mining companies. The trouble with CNW is the stories are a day behind with this filter. For companies that you already know of, the best approach would likely be signing up for their mailing lists. Using both of these search functions will pull up any items that I've gotten while running this blog; the headlines are usually informative enough for at-a-glance filtering.
I wish I could continue this aggregation, but other priorities are intruding. Also, if I keep going, the catchall disclosure notices will eventually have to be replaced with more specific items. To be honest, that's something I'd rather not do.
Once again, thanks for reading what I've posted here...and good luck to all.
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NOTE: This blog was confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tuesday, March 17, 2009
Ventana Adds Another Drill To La Bodega Property For Deeper Drilling
Ventana Gold Corp. has commissioned another drill from Terramundo Drilling Inc. in order to speed up the 3,400 m drilling program on its La Bodega property in Columbia. This new drill will also have a deeper reach, of 1,300 m. The drill was brought in largely to test and extend the holes in the La Mascota zone where fairly consistent mineralizations of 20 - 80 m widths have been found. The news release has futher details, and a recap of earlier results.
So far, Ventana is up five cents at $1.18. Its current bid - ask is $1.17 - $1.19.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
So far, Ventana is up five cents at $1.18. Its current bid - ask is $1.17 - $1.19.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Gold-Ore Buys NSR For Bjorkdal For 20% Discount
Gold-Ore Resources Ltd. has bought the net smelter royalty for the Bjorkdal mine for US$800,000 instead of the US$1 million at which Gold-Ore had the right to buy. As the news release recounts, the holder of the NSR was Minmet plc.
Gold-Ore has not yet traded today; it last closed at 51 cents yesterday for a gain of 1.5 cents. Current bid - ask is 49 - 51 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Gold-Ore has not yet traded today; it last closed at 51 cents yesterday for a gain of 1.5 cents. Current bid - ask is 49 - 51 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Paramount Gold And Silver Updates Earlier $9 Million Financing Announcement
Paramount Gold And Silver Corp. has announced that the planned $9 million financing has been approved by NYSE Alternext. The news release also explains that the TSX delisting review, also announced earlier, was triggered by Paramount invoking the hardship exemption. Paramount has reaffirmed its belief that the review is merely routine.
This item was disseminated before market's open today. As of the time of this post, Paramount is up 5 cents at $1.00. Current bid - ask is 98 cents - 99 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated before market's open today. As of the time of this post, Paramount is up 5 cents at $1.00. Current bid - ask is 98 cents - 99 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Teryl Plans To Spend US$1.644 Million In 2009 On Gil Joint Venture Gold Claims
Teryl Resources Corp. has announced its 2009 exploration budget for the Gil joint-venture gold claims. The company plans to spend US$1,644,000 on: ground magnetometer surveying, concentrating on the Sourdough Ridge; delineating mineralized zones plus establishing a resource base at Sourdough Ridge; and, expanding the resource at North Gil. The news release has further details, and expected dates for each phase of the exploration program.
This item was released this morning. Yesterday, Teryl closed at 11 cents for a gain of 1 cent. The current bid - ask is 7 cents - 11 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released this morning. Yesterday, Teryl closed at 11 cents for a gain of 1 cent. The current bid - ask is 7 cents - 11 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Moto Goldmines Signs JV Agreement For Moto Gold Project In DRC
Moto Goldmines, Ltd. has announced the signing of a 70%/30% joint venture agreement with L'Office des Mines d'or de Kilo-Moto, which establishes a joint-venture company for the Moto Gold Project in the Democratic Republic of the Congo. Under the term of the agreement, which is spelled out in the news release, Moto must pay US$4.5 million for a "pas de porte."
This item was webbed this morning. In yesterday's trading, Moto closed at $2.84 for a drop of 9 cents on the day. Current bid - ask is $2.85 - $3.00, indicating a higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was webbed this morning. In yesterday's trading, Moto closed at $2.84 for a drop of 9 cents on the day. Current bid - ask is $2.85 - $3.00, indicating a higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Suspension For Corriente's Mirador Project Lifted By Ecuador Government
Corriente Resources Inc. has announced that the Ecuadorean Ministry of Mines has lifted a suspension of Corriente's field operations. In addition, the company has received a Water Use Concession for the Mirador Camp. The news release has further details.
This item was disseminated early this morning. Yesterday, Corriente closed at $5.25 for a gain of 10 cents. Current bid and ask are both $5.25, indicating an unchanged opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated early this morning. Yesterday, Corriente closed at $5.25 for a gain of 10 cents. Current bid and ask are both $5.25, indicating an unchanged opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
High River Gold Issues NI 43-101 Compliant Reserve & Resource Estimates, With Declines Except For Inferred
High River Gold Mines Ltd. has completed NI 43-101 compliant reports for its Zun-Holba and Irokinda Gold Mines, replacing earlier-non-compliant estimates. Proven and probable reserves have shrunk by 20%, and measured and indicated resources (including the reserves) declined 19%. Inferred resources, on the other hand, increased by 67%. The news release itemizes the changes, and notes why receipt of these reports was delayed.
This item was released this morning. Yesterday, High River closed at 15.5 cents for a gain of 0.5 cents. The bid and ask are both 16.5 cents, indicating a higher opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released this morning. Yesterday, High River closed at 15.5 cents for a gain of 0.5 cents. The bid and ask are both 16.5 cents, indicating a higher opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
West Timmins Mining Gets Visible Gold, 5.43 g/t Gold over 1.50 m In Highway 144 Discovery Drill Hole
West Timmins Gold Inc. has announced a visible gold showing in the core of its Highway 144 discovery. Hole Hwy-08-12 also has two intervals of 1.5 m each, with 5.43 and 4.91 g/t gold. Those intervals are 26 m apart. The news release has further details, including a capsule geology of the discovery.
This item was disseminated this morning. West Timmins closed yesterday at 48 cents, for a gain of 3 cents. Current bid and ask are both 48.5 cents, indicating a slightly higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated this morning. West Timmins closed yesterday at 48 cents, for a gain of 3 cents. Current bid and ask are both 48.5 cents, indicating a slightly higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Orsu Metals Files Mineral Resource Update On SEDAR
Orsu Metals Corp. has filed an updated resource estimate for its 100%-owned Varvarinskoye gold-copper mine in Kazakhstan. The document itself can be found here, once it's webbed.
This item was released early this morning. Yesterday, Orsu closed at 6.5 cents for a loss of a penny. Current bid-ask is 6.5 cents - 7 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released early this morning. Yesterday, Orsu closed at 6.5 cents for a loss of a penny. Current bid-ask is 6.5 cents - 7 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Aura Minerals Signs JV Deal For Inaja Project With Companhia Vale do Rio Doce
Aura Minerals Inc. has announced that its wholly-owned subsidiary, Aura Gold Mineracao Ltda, has signed a joint-venture option agreement with Companhia Vale do Rio Doce for 51% ownership of the Inaja Project. Aura must pay US$3 million to Vale within 15 days of deal's closing for the option. To earn 51% of the project, Aura must also put US$6 million into Inaja within four years. Coming up with a bankable feasibility study, within three years of electing to do so, will earn another 19%. The news release has further details, including a provision to convert either party's interest to a 2% NSR if that interest falls below 10%.
This item was released last evening. Prior to its dissemination, Aura closed unchanged at 19.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released last evening. Prior to its dissemination, Aura closed unchanged at 19.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
World Bank Group Member Invests $12 Million In Greystar Resources
Greystar Resources Ltd. has announced that the International Finance Corporation, a member of the World Bank group that focuses on private-sector investment, has committed to pick up 6,579,161 units of Greystar at a price of C$1.83 per unit. Gross proceeds will be $12,039,864. Each unit contains one share and 3/4 of a (transferrable) purchase warrant. The warrants have an exercise price of $2.47 and life of five years. This transaction is expected to close at the end of this month. The news release has further details, including an early-expiry provision for the warrants. Proceeds of the financing are to be spent on its Angostura gold project in Columbia.
This item was released last night, after trading ended. Greystar closed yesterday at $3.54, up 45 cents on the day. Current bid and ask are both $3.55, indicating a slightly higher opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released last night, after trading ended. Greystar closed yesterday at $3.54, up 45 cents on the day. Current bid and ask are both $3.55, indicating a slightly higher opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Centurion Announces Director Has Resigned
Balbir Johal, a former director of Centurion Minerals, has resigned his directorship. The news release has further details, but no farewell message for Mr. Johal.
This item was released after trading ended yesterday. Centurion closed at 10 cents, up 3 cents on the day. Current bid - ask is 7 - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released after trading ended yesterday. Centurion closed at 10 cents, up 3 cents on the day. Current bid - ask is 7 - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Paramount Gold And Silver Under TSX Delisting Review
Paramount Gold and Silver is currently under a TSX delisting review, under which the company has 210 days to maintain compliance. If not, it'll go to the Venture. The news release does not specify the reason why Paramount is under review.
This item was sent out after market closed yesterday. Prior to it, Paramount closed at 95 cents, down 13 cents on the day. Current bid-ask is 90 cents - 96 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was sent out after market closed yesterday. Prior to it, Paramount closed at 95 cents, down 13 cents on the day. Current bid-ask is 90 cents - 96 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ernst & Young Issues Optimistic Forecast For Mining Industry
Ernst and Young has issued a report saying that "[m]ining and metals sector fundamentals are still compelling." The main reason given is the current reflation and stimulus efforts by governments, of which 30-40% should be devoted to infrastructure spending. Also noted are the growth of alternate financing arrangements that will ease the pain of the credit crisis. The summary release goes into depth.
Since Ernst isn't a publicly-traded company, it doesn't have a quote. Its home page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Since Ernst isn't a publicly-traded company, it doesn't have a quote. Its home page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Minera Andes Has Paid Off US$17.5 Million Loan To Macquarie Bank
Minera Andres Inc. has paid in full its US$17.5 million loan from Macquarie Bank, leaving it with no more bank debt. $7.5 million of the loan was due on March 7, and the rest was due in September. As the news release specifies, the company has also met its cash committment under its joint-venture agreement too. Minera has no current outstanding financial committments, including any attached to its 49% ownership of the producing San José gold/silver mine.
This item was released in the early afternoon, ET. At market's close, Minera was up 8 cents to reach 72 cents. Most of the rise came after this item was released. Current bid-ask is 70 -73 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released in the early afternoon, ET. At market's close, Minera was up 8 cents to reach 72 cents. Most of the rise came after this item was released. Current bid-ask is 70 -73 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Gold World Resources Announces Chinese Government Approves Joint-Venture Company For Exploring Ming Gold/Silver Project
Gold World Resources Inc. has announced that the Chinese government has approved a 30-year, 70%/30% joint-venture company between Gold World and the Shijiazhuang Comprehensive Geological Brigade of the Hebei Geological Bureau. The company will be permitted to explore for gold and silver deposits in an area specified by the Chinese government, which includes the Ming gold/silver deposit. In order to earn the 70% interest, Gold World must spend US$178,393.00 over 6 months. This committment has been reduced from the original sum of US$1,750,000.00 over 18 months. The news release has further details, including what the Brigade has to do to earn its 30%.
This item was released yesterday, in mid-morning ET. At the end of the trading day, Gold World closed at 4 cents for a gain of a penny. Current bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released yesterday, in mid-morning ET. At the end of the trading day, Gold World closed at 4 cents for a gain of a penny. Current bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Victoria Gold Closes $10 Million Private Placement
Victoria Gold Corp. has announced that a $10,180,710 private placement is now completed. A syndicate led by Wellington West Capital Markets Inc. has purchased both parts of the deal, comprising 15,832,000 units and 6,791,800 subscription receipts. Both vehicles were priced at 45 cents, and both contained purchase warrants with exercise price of 55 cents. The units' warrants have a three-year life, expiring on March 13, 2012, and the subscription-receipts' warrants expire in two years. As the news release specifies, the proceeds are for Victoria's takeover of StrataGold; the escrow terms on the funds enforce this provision.
This item was released just after the market opened. At the close. Victoria reached 36.5 cents, up 0.5 cents on the day. Stratagold closed at 3.5 cents, unchanged. Current bid - ask for Victoria is 34.5 cents - 38 cents, and current bid - ask for Stratagold is 3.5 - 4.
Victoria's Google finance web page is here, and Stratagold's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released just after the market opened. At the close. Victoria reached 36.5 cents, up 0.5 cents on the day. Stratagold closed at 3.5 cents, unchanged. Current bid - ask for Victoria is 34.5 cents - 38 cents, and current bid - ask for Stratagold is 3.5 - 4.
Victoria's Google finance web page is here, and Stratagold's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Augen Gold Wins Shareholder Approval Of Debt-To-Equity Conversion
In a shareholder's meeting held last Friday, the shareholders approved four resolutions. Two pertained to changes in the board of directors, one fixed the number of directors at four, and the final one "overwhelmingly approved" a equity conversion of the $1.1 million debt owed to Augen Capital. Conversion terms are one share per 15 cents of debt. The news release has further details on this turn of the page for Augen Gold.
This item was disseminated before market's open yesterday. As of the close, Augen Gold closed at 10 cents, up a penny on the day. Current bid-ask is 10 cents - 10.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated before market's open yesterday. As of the close, Augen Gold closed at 10 cents, up a penny on the day. Current bid-ask is 10 cents - 10.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Farallon Wins Appealed Decision In Wiltz Case Over Campo Morado Property
Farallon Resources Ltd. has announced that a lawsuit against it disputing ownership of Farallon's Campo Morado property has been dismissed by a Mexican appeals court. This decision is final, so ownership of the zinc-copper-lead-silver-gold project is now safely in Farallon's hands. The losing party was Wiltz Investment S.A. The news release has further details, as well as a statement from the CEO.
This item was released before trading began yesterday. At the close, Farallon was up a penny to 17.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released before trading began yesterday. At the close, Farallon was up a penny to 17.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
American Creek Points Out Resources Adjacent To Its Treaty Creek Project
American Creek Resources Ltd. has sent out a capsule description of the resources found by Seabridge Gold Inc. and Silver Standard Resources on properties near to American Creek's own Treaty Creek project in B.C. Silver Standard's Snowfield/Sulphurets project, with 19.1 million ounces of gold, 1.96 billion pounds of copper and over 63 million ounces of silver resources, is about 2.5 km away from Treaty Creek. Seabridge's Mitchell deposit, adjacent to Treaty, has resource of over 39 million ounces of gold and 8 billion pounds of copper. In the news release, the company says that Treaty Creek appears to be on the same trend line as the Mitchell. In a later correction, American Creek noted that the above totals for the other two companies lumped together measured, indicated and inferred resources. It also acknowledged that the categories should have been unbundled in order to have been compliant disclosure
This report was released before market opened, and was good enough to shoot American Creek up 5 cents to close at 21.5 cents. Current bid for American Creek is 20 cents, and current ask is 23 cents. Silver Standard closed at $16.92, down 52 cents, and Seabridge closed at $24.64, down 32 cents.
American Creek's Google Finance web page is here, Silver Standard's is here, and Seabridge's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This report was released before market opened, and was good enough to shoot American Creek up 5 cents to close at 21.5 cents. Current bid for American Creek is 20 cents, and current ask is 23 cents. Silver Standard closed at $16.92, down 52 cents, and Seabridge closed at $24.64, down 32 cents.
American Creek's Google Finance web page is here, Silver Standard's is here, and Seabridge's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tyhee Gets 2.56 g/t Gold Over 43.5 m On Clan Lake Drill Project
Tyhee Development Corp. has released the results from Clan Lake gold project in the Northwest Territories, from a program with fourteen holes drilled. Six holes were highlighted as anomalous: results include hole CL001's 2.56 g/t gold and 5.06 g/t silver over 43.5 m, with a subinterval of 9.0 m assaying at 5.35 g/t gold and 9.35 g/t silver, and hole CL011's 2.55 g/t gold over 24.0 m, including a subinterval of 7.5 m of 4.18 g/t gold and 21.80 g/t silver. The news release goes into further detail, and notes that most of these holes are in areas already fingered as gold-bearing.
This item was disseminated before market's open yesterday. At the close, Tyhee reached 14.5 cents, down a penny on the day. Current bid - ask is 14.5 cents - 15 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated before market's open yesterday. At the close, Tyhee reached 14.5 cents, down a penny on the day. Current bid - ask is 14.5 cents - 15 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Agnico-Eagle's David Garofalo Named Canadian CFO Of The Year
The CFO of the Year award has been won by David Garofalo, CFO of Agnico-Eagle Mines Ltd. Details are in the news release announcing Mr. Garofalo's award.
This item was disseminated before trading opened yesterday. At market's close, when gold stocks in general sunk, Agnico reached $61.88 for a loss of $2.36.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated before trading opened yesterday. At market's close, when gold stocks in general sunk, Agnico reached $61.88 for a loss of $2.36.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Monday, March 16, 2009
Daily Roundup - March 16, 2009
Spot gold had a rough ride over the last 24 hours, but ended up only a little below where it started. The week's trading got off on a plummet, which saw gold shoot down to a little below US925/oz. That same level was where the price hung around until about 3 AM ET, when it crept up to about 928 in two climbs. This rally proved abortive, as gold slid below 925 and, after an even more abortive attempt at a second rally, below 920. This final plummet marked the bottom of the day, at about 9:30 AM ET. The next rally proved to be more durable, but left gold at about 920 after a partial retrenchment. By 11-130, gold began to dawdle upwards, but without much conviction. At the end of the regular trading day, it came to rest at US$923.10, down $6.30 on the day. The AMEX Gold Bugs Index fell along in stride, ending the day down 1.11% at 284.34.
News was a relatively light, and the stocks followed on this blog today performed as might be expected given the Index and gold itself. The one with the greatest point gain was First Quantum, and its news was the appointment of Troy Hayden as interim CEO. Regardless of cause, the stock's performance today gave him a good welcome: it closed at $37.60, up $1.51 or 4.2% on the day. Current bid-ask is $37.60 - $37.69.
The largest gainer on a percentage basis was X-Cal Resources, which closed up a penny at six cents for a gain of 20%. Before trading opened, X-Cal announced a private placement of up to $500,000 with no warrants as part of the deal. Like the above item, it's hard to make a case for a link between news and performance...although the lack of the usual units-with-warrants might give grist. Current bid - ask for X-Cal is 5 - 6.5 cents, suggesting that "large spread" would fly better as an explanation.
The second-largest gainer on a point basis has a little closer tie to its item today. Nautilis Mining put out a release saying that it has more than US$1.50/share, or US$231 million, in cash as of the end of 2008. It gained 6 cents to close at $1.09, up 6 cents on the day with very light volume. The cash is earmarked for burning, of course, and the news release sketches out some of Nautilis' plans.
The largest dropper today was Hawthorne Gold, which issued a release saying that it had drilled a 2.20 m interval of 11.04 g/t gold in its best of fifteen holes on its Cassiar Gold Camp property. Evidently, the market didn't take to the numbers all that well: Hawthorne closed at 25 cents for a drop of 5 cents or 16.7% on very heavy volume. Current bid-ask is 24 -25 cents.
That's it for the Canadian Gold Stock News Watch daily wrapup. This post will stay at the header until early tomorrow morning, when the items that came in overnight will be put up. Also, I'll put up any items from yesterday that came through the CNW Group wire. (For whatever reason, my filter there leaves me a day behind.) Until that time, thanks for stopping by; the days are long away until AIG pays out bonuses in gold.
Stocks Mentioned: First Quantum Minerals Ltd., X-Cal Resources Ltd., Nautilis Minerals Inc., Hawthorne Gold Corp.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
News was a relatively light, and the stocks followed on this blog today performed as might be expected given the Index and gold itself. The one with the greatest point gain was First Quantum, and its news was the appointment of Troy Hayden as interim CEO. Regardless of cause, the stock's performance today gave him a good welcome: it closed at $37.60, up $1.51 or 4.2% on the day. Current bid-ask is $37.60 - $37.69.
The largest gainer on a percentage basis was X-Cal Resources, which closed up a penny at six cents for a gain of 20%. Before trading opened, X-Cal announced a private placement of up to $500,000 with no warrants as part of the deal. Like the above item, it's hard to make a case for a link between news and performance...although the lack of the usual units-with-warrants might give grist. Current bid - ask for X-Cal is 5 - 6.5 cents, suggesting that "large spread" would fly better as an explanation.
The second-largest gainer on a point basis has a little closer tie to its item today. Nautilis Mining put out a release saying that it has more than US$1.50/share, or US$231 million, in cash as of the end of 2008. It gained 6 cents to close at $1.09, up 6 cents on the day with very light volume. The cash is earmarked for burning, of course, and the news release sketches out some of Nautilis' plans.
The largest dropper today was Hawthorne Gold, which issued a release saying that it had drilled a 2.20 m interval of 11.04 g/t gold in its best of fifteen holes on its Cassiar Gold Camp property. Evidently, the market didn't take to the numbers all that well: Hawthorne closed at 25 cents for a drop of 5 cents or 16.7% on very heavy volume. Current bid-ask is 24 -25 cents.
That's it for the Canadian Gold Stock News Watch daily wrapup. This post will stay at the header until early tomorrow morning, when the items that came in overnight will be put up. Also, I'll put up any items from yesterday that came through the CNW Group wire. (For whatever reason, my filter there leaves me a day behind.) Until that time, thanks for stopping by; the days are long away until AIG pays out bonuses in gold.
Stocks Mentioned: First Quantum Minerals Ltd., X-Cal Resources Ltd., Nautilis Minerals Inc., Hawthorne Gold Corp.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Pan American Silver Celebrates Inauguration Of Manantial Espejo Silver-Gold mine
Pan American Silver Corp. has officially celebrated the inauguration of its Manantial Espejo silver and gold mine in Argentina. Although primarily silver, Manital Espejo produced more than 7,000 ounces of gold since the start of 2009. The first dore bar was poured last December. The news release has further details.
Pan American closed at $18.22, down 49 cents on the day. Current bid-ask is $18.22 - $18.25.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Pan American closed at $18.22, down 49 cents on the day. Current bid-ask is $18.22 - $18.25.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
GlobeStar appoints David Brace to Board of Directors
GlobeStar Mining Corp. has announced the appointment of David Brace to its Board of Directors. The news release contains a capsule career biography of Mr. Brace.
GlobeStar closed at 55 cents, up 1 cent on the day. Its current bid - ask is 52 - 55 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
GlobeStar closed at 55 cents, up 1 cent on the day. Its current bid - ask is 52 - 55 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Great Panther Earns $4.3 Million In FY '08
Great Panther Resources Ltd. has reported net income of $4.3 million, or 5 cents a share, for fiscal year 2008. This result compares with $1.4 million in FY '07. Although primarily a silver company, Great Panther does produce some gold. The news release has more highlights, and puts the gold in silver-equivalent terms.
Great Panther closed the day at 39 cents, unchanged since Friday's close. Its current bid- ask is 38 cents - 39.5 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Great Panther closed the day at 39 cents, unchanged since Friday's close. Its current bid- ask is 38 cents - 39.5 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Riverstone Lands $164,000 In Bridge Financing
Riverstone Resources Inc. has arranged for $164,000 in bridge financing from certain directors, officers, etc. The loan will last for one year and bear an interest rate of 12% per annum. As a bonus, Riverstone will give the lenders 262,400 shares. The news release contains more details of this arrangement.
As of the time of this post, Riverstone is up by 2.5 cents at 18.5 cents. The stock leapt up before this news was disseminated. The current bid - ask is 16.5 - 18.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
As of the time of this post, Riverstone is up by 2.5 cents at 18.5 cents. The stock leapt up before this news was disseminated. The current bid - ask is 16.5 - 18.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Premium Exploration To Drill Further In Already-Established Resource
Premium Exploration, Inc. is setting out to drill on the the Friday-Petside project, located in Idaho, in an area where high-grade drill results have already been found by different companies. Based upon previous drill results, which are spelled out in the news release, the High Grade Zone has an inferred resource of 531,890 oz. of gold in a deposit of 15.17 million tonnes; with a cutoff of 0.514 g/t, average grade is 1.1 g/t. 51,510 oz of gold, with average grade of 4.1 g/t, are in the resource if a cutoff of 3.11 g/t is used. Premium's joint-venture partner for the property, SNS Silver Corp., has their own news announcment here with some background geology included. A preliminary scoping study has already been undertaken by an earlier company.
Premium last traded at 9 cents as of the time of this post. Its current bid-ask is 9 - 10 cents. SNS's last trade was at 23 cents, for a loss of 1.5 cents.
Premium's Google Finance web site is here; SNS' is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Premium last traded at 9 cents as of the time of this post. Its current bid-ask is 9 - 10 cents. SNS's last trade was at 23 cents, for a loss of 1.5 cents.
Premium's Google Finance web site is here; SNS' is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Osisko To Be Included In The S&P/TSX Composite, Gold, Global Mining Indices
Osisko Mining Corp. will now be included in three S&P/TSX indices: the Composite, Gold and Global Mining. The news release contains further details, and notes that Osisko's Canadian Malarctic project is expected to be a producer in 2011.
Osisko is currently trading at $5.00, up 5 cents on the day. Current bid - ask is $4.99 - $5.00
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Osisko is currently trading at $5.00, up 5 cents on the day. Current bid - ask is $4.99 - $5.00
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Metallic Ventures Reports $2.8 Million Net Income For FY '08
Metallic Ventures, Inc. has made $2,817,103, or 5 cents a share, in fiscal year 2008. This result compares with $1,634,310 or 3 cents in FY '07. More details can be found in the news release.
As of the time of this post, Metallic Ventures last traded at 56 cents for a drop of 7 cents. Its current bid - ask is 59 cents - 70 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
As of the time of this post, Metallic Ventures last traded at 56 cents for a drop of 7 cents. Its current bid - ask is 59 cents - 70 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Strongbow Acquires Five New Claims On Inza Copper-Gold Target
Strongbow Exploration Inc. has gotten 100% interest in five new claims on the Inza copper-gold porphyry target from two vendors. Three of the claims were had for 125,000 shares and the other two were also gotten for 125,000. The news release has further details, including the names of the vendors.
Strongbow last closed at 4.5 cents, leaving it unchanged on the day. As of the time of this post, bid - ask was 4 cents - 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Strongbow last closed at 4.5 cents, leaving it unchanged on the day. As of the time of this post, bid - ask was 4 cents - 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Teryl Resources Assays 1.90 g/t Over 12.19 m On Drill Hole In Sourdough Ridge Project
Teryl Resources Corp. has issued a summary of its 2008 exploration program on its partially-owned Gil Joint Venture project in Alaska, concentrating on the Sourdough Ridge area. The best hole had an interval of 1.90 g/t gold over 12.19 m, starting at 114.3 m. The itemized results from that hole, GVR 08-505, is contained in the news release.
As of the time of this post, Teryl has not traded; it last closed at 10 cents last Thursday. Current bid-ask is 11 cents - 13 cents, indicating a higher open if it trades today.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
As of the time of this post, Teryl has not traded; it last closed at 10 cents last Thursday. Current bid-ask is 11 cents - 13 cents, indicating a higher open if it trades today.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Hawthorne Gets 2.20 m Averaging 11.04 g/t Au At Cassiar Gold Camp
Hawthorne Gold Corp. has announced a 2.20 m interval, averaging 11.04 g/t gold, from one of the fifteen holes drilled at it its Cassiar Gold Camp project in B.C. The above interval is estimated true width. The news release has a capsule summary of the geology and historical results of the project, which contains the old but still permitted Table Mountain mine.
As of the time of this post, Hawthorne reached 29 cents, for a drop of 1 cent since Friday's close.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
As of the time of this post, Hawthorne reached 29 cents, for a drop of 1 cent since Friday's close.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Clifton Star Gets 169.0 m of 2.12 g/t Gold On Hole In Donchester Property
Clifton Star Resources Inc. has released results from drilling programs on its Beattie and Dorchester properties in Quebec. The news release has the assay results from 14 holes drilled in the Beattie and 5 drilled in the Donchester. The best result from the Beattie was a 15.7 m interval of 2.10 g/t gold, and the best from the Donchester was 169.0 m of 2.12 g/t gold. True width is estimated to be 80% of interval width for all of the holes.
Clifton Star closed at $2.00 on Friday, up 12 cents on the day. Both bid and ask are currently $1.90, indicating a lower open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Clifton Star closed at $2.00 on Friday, up 12 cents on the day. Both bid and ask are currently $1.90, indicating a lower open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
MAG Silver Loses 12 Cents/Share In FY '08 As Compared With 19 Cent Loss In '07
MAG Silver has released its results for fiscal year 2008, in which it lost $5.87 million (or 12 cents/share) as compared with $8.15 million (19 cents/share) in FY '07. In addition to other highlights, including a NI 43-101 compliant resource estimate for the gold-silver-lead-zinc Juanicipio property, the news release notes that MAG has $52.26 million in cash, no debt, and plans to spend $17 million on exploration in FY '09. $2.5 million of this money is earmarked to hold up MAG's 44% work committment for Juanicipio.
MAG closed last Friday at $5.47, up 24 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
MAG closed last Friday at $5.47, up 24 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Nautilus Has US$231 Million in Cash At End Of 2008
Nautilus Minerals, a company that explores for gold-copper in the ocean bed, has released its results for fiscal year 2008. In addition to the $231 million (or US$1.57 per share) in cash featured in the news release, there are other highlights.
Nautilus closed last Friday at $1.03, down 4 cents on the day. Both the bid and ask are $1.06, indicating a higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Nautilus closed last Friday at $1.03, down 4 cents on the day. Both the bid and ask are $1.06, indicating a higher open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
BacTech Will Pay Off $3 Million Debenture With $400,000 Worth Of Cash Or Stock, Releases Upcoming PP Terms
BacTech Mining Corporation, a company that uses bacteria to enhance recovery of gold, silver and base metals, has announced terms for an upcoming private placement. Gross proceeds will be up to $750,000 through selling units at 4 cents per unit. Each unit will contain a common share and a purchase warrant. The warrants last two years, with exercise price of 7 cents in their first year and 10 cents in their second. In addition, the company has also announced that it has agreed to pay off a $3 million debenture series for $400,000 in cash or stock. Completion of the PP, which is still subject to regulatory approval, may be necessary to follow through on the payoff of the debentures. In addition to further details, the news release adds that BacTech's new management plans to gets its currently stalled projects up and running.
Bac-Tech closed last Friday at that same 4 cents, up 0.5 cents on the day. Currently, the bid - ask is 3.5 cents - 4 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Bac-Tech closed last Friday at that same 4 cents, up 0.5 cents on the day. Currently, the bid - ask is 3.5 cents - 4 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
X-Cal Completes No-Warrant $500,000 Private Placement
X-Cal Resources Ltd. has completed a private placement of 10 million common shares at 5 cents per share, for gross proceeds of $500,000. No warrants were issued as part of this PP. Certain directors took up 800,000 shares of the offering. The news release notes that the proceeds are to be used for a scoping study on X-Cal's Sleeper Gold property in Nevada.
X-Cal last closed at that same 5 cents last Thursday, for a gain of 0.5 cents. The current bid-ask is 4 cents - 5.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
X-Cal last closed at that same 5 cents last Thursday, for a gain of 0.5 cents. The current bid-ask is 4 cents - 5.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Southwestern Resources Gets 9.33 g/t Gold In One Of Seventeen Chip Samples
Southwestern Resources Corp. has published the results of 17 chip samples from its Josnitoro copper-gold project in Peru. The best sample, in terms of copper, was 8.98% copper and 2.58 g/t gold. The best in terms of gold was 9.33 g/t gold and 7.90% copper. Three of 59 chip samples from a previous program contained anomalous values of gold. The news release contains further details, including a summary of the geology of the target zone.
Southwestern closed at 43 cents on Friday, down 0.5 cents on the day. Current bid and ask are both 43 cents, indicating an unchanged open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Southwestern closed at 43 cents on Friday, down 0.5 cents on the day. Current bid and ask are both 43 cents, indicating an unchanged open.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Radisson Mining Gets AusCan To Put Up $25 Million For Bulk Sample
Radisson Mining Resources Inc. has signed a non-binding Memorandum of Understanding with AusCan Gold Pty Ltd. In return of $25 million, to be used in a 3-year program of bulk sampling, AusCan will earn a 50% interest in the O'Brien Mine Property in Australia. The sampling is to be done on O'Brien's 36 East Zone, to the end of reclaiming this old mine. The news release has further details, including a note of an NI 43-101 compliant report that estimates 200,000 oz. of gold to be available.
Radisson closed Friday at 10 cents, unchanged on the day. Current bid-ask is 8 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Radisson closed Friday at 10 cents, unchanged on the day. Current bid-ask is 8 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
First Quantum Appoints Troy Hayden As Interim CFO, Who Replaces David E. J. Moroney
First Quantum Minerals Ltd. has replaced David E. J. Moroney, who resigned, as CFO. Troy Hayden has been appointed to the position as Interim CFO. A career biography of Hayden is in the news release.
First Quantum cloaed on Friday at $36.09, up $1.24.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
First Quantum cloaed on Friday at $36.09, up $1.24.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Saturday, March 14, 2009
Daily Roundup - March 13, 2009
Spot gold on Friday managed to eke out a gain, for the third day in a row, even if this day's gain was tepid compared to the last two's. Thursday night's price action was basically flat, with a slight downward bias settling in as night turned into early morning. The downdrift stopped when gold hit US$920, where it stayed at for close to an hour. Then, it began to rally. After a pause, it continued to shoot up at the about the same time it was dropping Thursday. By about 8:20 AM ET, gold hit its daily peak of about 938. The upspurt then turned into a roller-coasterish downturn, with lullifying drift turning into sickening plummet. This one, though, stopped a a higher level than the early morning's lows: 925. By 10 AM, when the drop stopped, gold was preparing for a remount, which fizzled. The rest of the day saw a range, between about 927 and 930. Gold closed the week at the higher end of the range: US$929.40, for a gain of $2.30. The Amex Gold Bugs Index was also up, also more modestly than in the last two days: +1.18%.
The top point gainer amongst the gold stocks blogged here on Friday was Detour Gold Corp, which gained 65 cents to close at $9.24 on moderately heavy volume. The news item affecting Detour was released at about 2 PM ET; by that time, some of the rise in the stock had already taken place. However, the recommendation that the merger with PDX Resources, Inc. be voted for by shareholders preceded a further 50 cent-or-so leap in the stock price. PDX itself didn't fare as well, but it gained 10 cents to close at $2.30 on moderate volume.
The top gainer on a percentage basis was a small stock with a seemingly innocuous item. Golconda Resources, Inc. hadn't traded at all when it announced it was applying for permission to trench sample its Mitchell Creek placer property. Right after the news hit, though, the stock took off after an initial drop was shaken off. Four trades in quick succession pushed the price from 8 to 10.5 cents. About ten minutes later, 11- and 10.5-cent trades were quickly followed by a 12-cent'er; within an hour, the stock had hit 15 cents for a gain of 6 cents on heavy volume. At that point, trading stopped; the bid and ask hardened into their present 11 and 14 cents. Although the ending bid-ask pair makes the gain look overstated, it nevertheless was the best performer on an official percentage basis.
Not far behind it was Darnley Bay Resources, even if the news item itself showed up after the trading in the stock was largely done for the day. By the time it was revealed that Darnley had cut a deal with a Russian exploration firm, the stock had gained four cents to reach 10. The final trade, taking place after the news was disseminated, bought the price down a penny to 9 cents. The stock was left with a three-cent, or 50%, gain on light-moderate volume. Unlike Golconda, though, the bid - ask for Darney was almost at the closing price: 8.5 cents - 9 cents.
The worst dropper on a percentage basis was Ivanhoe Mines, down 89 cents to close at $5.30 on heavy volume. The item in question was an optimistic one, which said that the Mongolian parliament was making an Oyu Togio project approval a pressing priority. Its dissemination at about 10:45 ET seemed to induce a halt in an earlier drop in Ivanhoe, but a last-minute plummet broke throught the $5.50 floor set at that time.
That's it for the Canadian Gold Stock News Watch daily wrapup. This post will stay at the header until early Monday morning, when the items that came in overnight will be put up. Also, I'll put up any items from yesterday that came through the CNW Group wire. (For whatever reason, my filter there leaves me a day behind.) Until that time, thanks for stopping by; try to have a safe weekend if you're trenching.
Stocks Mentioned: Detour Gold Corp., PDX Resources Inc., Golconda Resources Inc., Darnley Bay Resources, Ltd., Ivanhoe Mines, Ltd.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
The top point gainer amongst the gold stocks blogged here on Friday was Detour Gold Corp, which gained 65 cents to close at $9.24 on moderately heavy volume. The news item affecting Detour was released at about 2 PM ET; by that time, some of the rise in the stock had already taken place. However, the recommendation that the merger with PDX Resources, Inc. be voted for by shareholders preceded a further 50 cent-or-so leap in the stock price. PDX itself didn't fare as well, but it gained 10 cents to close at $2.30 on moderate volume.
The top gainer on a percentage basis was a small stock with a seemingly innocuous item. Golconda Resources, Inc. hadn't traded at all when it announced it was applying for permission to trench sample its Mitchell Creek placer property. Right after the news hit, though, the stock took off after an initial drop was shaken off. Four trades in quick succession pushed the price from 8 to 10.5 cents. About ten minutes later, 11- and 10.5-cent trades were quickly followed by a 12-cent'er; within an hour, the stock had hit 15 cents for a gain of 6 cents on heavy volume. At that point, trading stopped; the bid and ask hardened into their present 11 and 14 cents. Although the ending bid-ask pair makes the gain look overstated, it nevertheless was the best performer on an official percentage basis.
Not far behind it was Darnley Bay Resources, even if the news item itself showed up after the trading in the stock was largely done for the day. By the time it was revealed that Darnley had cut a deal with a Russian exploration firm, the stock had gained four cents to reach 10. The final trade, taking place after the news was disseminated, bought the price down a penny to 9 cents. The stock was left with a three-cent, or 50%, gain on light-moderate volume. Unlike Golconda, though, the bid - ask for Darney was almost at the closing price: 8.5 cents - 9 cents.
The worst dropper on a percentage basis was Ivanhoe Mines, down 89 cents to close at $5.30 on heavy volume. The item in question was an optimistic one, which said that the Mongolian parliament was making an Oyu Togio project approval a pressing priority. Its dissemination at about 10:45 ET seemed to induce a halt in an earlier drop in Ivanhoe, but a last-minute plummet broke throught the $5.50 floor set at that time.
That's it for the Canadian Gold Stock News Watch daily wrapup. This post will stay at the header until early Monday morning, when the items that came in overnight will be put up. Also, I'll put up any items from yesterday that came through the CNW Group wire. (For whatever reason, my filter there leaves me a day behind.) Until that time, thanks for stopping by; try to have a safe weekend if you're trenching.
Stocks Mentioned: Detour Gold Corp., PDX Resources Inc., Golconda Resources Inc., Darnley Bay Resources, Ltd., Ivanhoe Mines, Ltd.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Vista Gold Loss Narrows To US$10.0 Million In FY '08
Vista Gold Corp. lost US$10 million, or 29 cents U.S. per share, in fiscal year 2008. This result narowed the loss from FY '07's US$13.2 million, or 41 cents U.S. per share. The news release has the detailed results.
Earnings were released after trading had ended. Beforehand, Vista closed down 11 cents at $2.32.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Earnings were released after trading had ended. Beforehand, Vista closed down 11 cents at $2.32.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Randsburg Gold Appoints Mathew Chodorowicz, Robert Isles To Board
Randsburg International Gold Corp. has accepted the resignations of former director Hugh Maddin and former CFO Miles Nagamatsu, and has appointed replacements. The new CFO, Mathew Chodorowicz, will also be a new board member, as will new director Robert Isles. The news release announcing it has career biographies of both new directors, and notes that a new grant of 450,000 stock options has been approved. The options have strike price of 15 cents and life of two years.
This announcement was released after trading ended for the week. Randsburg didn't trade at all yesterday; its current bid - ask is 8 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This announcement was released after trading ended for the week. Randsburg didn't trade at all yesterday; its current bid - ask is 8 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Linear Gold Trading Resumes On Monday's Open
The Investment Industry Regulatory Organization of Canada has advised that trading in Linear Gold is recommencing as of 4 PM on Friday - effectively, as of next Monday's open.
Prior to the end-of-day halt, Linear closed at $1.00, down a penny on the day. The bid - ask has not been restored as of the time of this posting.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Prior to the end-of-day halt, Linear closed at $1.00, down a penny on the day. The bid - ask has not been restored as of the time of this posting.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Conquest Receives Shareholder Approval For New Control Person, Appoints Robert Kinloch To Board
Conquest Resources Ltd. has announced that, after its Annual and Special shareholders' meeting on March 6, the shareholders have approved a new Control Person resulting from a previous private placement. That person is the Chairman, John F. Kierney. Also, Robert Kinloch was appointed to the Board of Directors and its Audit Committee. The news release contains further details, including a career biography of Kinloch.
This item was disseminated aftter trading ended. Conquest didn't trade yesterday; it last closed on Wednesday, at 8 cents. Its current bid - ask is 7.5 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated aftter trading ended. Conquest didn't trade yesterday; it last closed on Wednesday, at 8 cents. Its current bid - ask is 7.5 cents - 10 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Helio Resources: Two Private Placements, Totalling $5.25 Million
Helio Resources Corp. has announced two private placements, one brokered. The brokered PP, done on a syndicated basis, will sell up to 8 million units, at 35 cents each, for gross proceeds of $2.8 million. Each unit will contain one share and half a warrant. Each warrant will have a two-year life, and a different exercise price for year one and year two: 50 cents and sixty cents respectively. The non-brokered PP has 7 million units, also at 35 cents each, for gross proceeds of $2.45 million. These units are the same as the ones for the brokered PP. The news release has further details, including the fees paid for each deal, and notes that the proceeds are for the SMP gold project in Tanzania and general corporate purposes.
This item was released in mid-afternoon. Subsequently, Helio closed at 35 cents for a gain of 2.5 cents on the day. The trades took place late in the afternoon. Currently, the bid - ask is 34 cents - 37.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released in mid-afternoon. Subsequently, Helio closed at 35 cents for a gain of 2.5 cents on the day. The trades took place late in the afternoon. Currently, the bid - ask is 34 cents - 37.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Capital Gold Increases Earnings By 50% For 2Q FY '09
Capital Gold Corp. announced that its net income for the second quarter of fiscal year 2009 increased 50% from the same quarter in FY '08: $2.126 million to $3.196 million. On a per-share basis, due to rounding, net income went from 1 cent to 2 cents. The news release has further details.
The news was webbed just before trading opened. The stock took to it well, opening at thirteen cents above its Thursday close. The opening rally faded as the day went on, though, leaving Capital to close at 87 cents for a gain of 6 cents. Current bid - ask is 85 cents - 87 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
The news was webbed just before trading opened. The stock took to it well, opening at thirteen cents above its Thursday close. The opening rally faded as the day went on, though, leaving Capital to close at 87 cents for a gain of 6 cents. Current bid - ask is 85 cents - 87 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Sylvan Ratelle Departs Sprott Asset Management, Charles Oliver and Jamie Horvat Appointed Team Leaders
Sprott Asset Management Inc. has announced that Sylvan Ratelle has transferred from the company to Sprott Global Equity Fund. In addition, Charles Oliver and Jamie Horvat, formerly members of the Sprott Asset Management team, will now be team leaders. The news release has further details.
Sprott Asset Management doesn't trade on an exchange, so there is neither trade data nor a Google Finance web page for the company.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Sprott Asset Management doesn't trade on an exchange, so there is neither trade data nor a Google Finance web page for the company.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Northern Dynasty launches new Website, provides update on Pebble Project
Northern Dynasty Minerals Ltd. has launched a new Website, at http://www.northerndynasty.com/, and has disseminated an update on its half-owned Pebble Beach project as part of the release announcing the new Website. It ends by noting that Northern is not expected to need any new financing to bring Pebble Beach, located in Alaska, to completion.
This release was webbed yesterday. As of the close, Northern was at $5.89, down 23 cents. Current bid-ask is $5.87 - $5.92.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This release was webbed yesterday. As of the close, Northern was at $5.89, down 23 cents. Current bid-ask is $5.87 - $5.92.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Claude Resources Earns $400,000 in FY '08, 3 Cents/Share In 4Q '08
Claude Resources Inc. has reported full-year net income of $400,000, or 0 cents/share. This result compares with a loss of $7 million, or 8 cents/share, in fiscal year '07. Earnings for the fourth quarter were $2.4 million, or 3 cents/share, as compared with a loss of 2 cents/share in 4Q '07. Details are in the earnings release.
This news was disseminated yesterday in the early afternoon, right after Claude briefly dipped down to 72 cents. The stock closed at 76 cents, down a penny on the day, to reach one cent above the same level it was at in the morning. Current bid-ask is 75 cents - 77 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This news was disseminated yesterday in the early afternoon, right after Claude briefly dipped down to 72 cents. The stock closed at 76 cents, down a penny on the day, to reach one cent above the same level it was at in the morning. Current bid-ask is 75 cents - 77 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Great Basin Gold Finishes $130 Million Equity Financing
Great Basin Gold Ltd. has completed a $130 million equity financing. The financing itself was for 100 million units, each costing $1.30. The units contained one common share and half a purchase warrant, with exercise price of $1.60 and October 15, 2010 expiry date. The warrants are now trading, with GBG.WT.A being the symbol. As the news release recounts, the proceeds will be used for development of the company's Burnstone project in South Africa.
This item hit the web yesterday, right after trading opened. Upon closing, Great Basin was at $1.27 for a drop of 4 cents on moderately heavy volume. GBG.WT.A closed at 25.5 cents, up half a penny.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item hit the web yesterday, right after trading opened. Upon closing, Great Basin was at $1.27 for a drop of 4 cents on moderately heavy volume. GBG.WT.A closed at 25.5 cents, up half a penny.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Friday, March 13, 2009
Midland Exploration Amends Stock Option Plan
Mindland Exploration, Inc. has announced that it will increase the total number of unexercised stock options outstanding it can have, from 2 million to 3 million. More details are in the news release.
Midland closed at 57 cents, down a penny on the day. At the end of the week, the bid was 57 cents and the ask was 59 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Midland closed at 57 cents, down a penny on the day. At the end of the week, the bid was 57 cents and the ask was 59 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Duncan Park Holdings Won't Renew Lease Adjacent To Elephant Project
Duncan Park Holdings Corp. has announced that it won't renew the property lease it had with Nevada Land & Resource Company LLC. The lease, which ends April 1, was for approximately 5,235 acres that were adjacent to Duncan Park's Elephant Project.
Duncan Park did not trade today. The bid and ask are 3 cents and 4.5 cents, respectively. Its last trade was on March 2, at 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Duncan Park did not trade today. The bid and ask are 3 cents and 4.5 cents, respectively. Its last trade was on March 2, at 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Linear Gold Announces $5 Million Private Placement
Subject to regulatory approval, Linear Gold will be receiving $5 million gross proceeds from a private placement with Sprott Asset Management. Linear will issue 4,545,455 units at a price of $1.10 per unit. Each unit will contain one common share and half a purchase warrant; the warrants will have an exercise price of $1.50 and life of two years. The proceeds are earmarked for "working capital and to fund the acquisition, exploration and development of high quality gold focused assets." The news release has further details, and a statement from Linear's CEO.
Linear is currently halted. It last trade before the halt went at $1.00, for a drop of a penny on the day.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Linear is currently halted. It last trade before the halt went at $1.00, for a drop of a penny on the day.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Polar Star To Be Featured On BTV Program
Polar Star Mining Corp. will be featured on an episode of BTV - Business Television. The press release announcing it has airtimes.
Polar Star has not traded today; its last trade was on Tuesday at 30 cents. Current bid is 26 cents; current ask is 30 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Polar Star has not traded today; its last trade was on Tuesday at 30 cents. Current bid is 26 cents; current ask is 30 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Darnley Bay Cuts Finder's Agreement Deal With Russian Exploration Firm
Darnley Bay Resources, Ltd. has signed a finder's agreement with Almazintech, a Moscow-based mineral exploration firm. Further details, including how the two met, are in the news release.
Currently, Darnley is trading at 10 cents for a gain of 4 cents, but this leap took place before the above item was released. The current bid and ask are 7 and 9 cents, respectively.
Darnley's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Currently, Darnley is trading at 10 cents for a gain of 4 cents, but this leap took place before the above item was released. The current bid and ask are 7 and 9 cents, respectively.
Darnley's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tiomin Loses 2 Cents/Share in FY '08, Same As '07
Tiomin Resources Inc. has reported a 2 cent per share loss for fiscal year '08. The loss was larger than '07's in dollar terms, but not in per-share terms. The company still has about $20 million in working capital. Further details are in the results release.
Tiomin last traded at 3 cents. Currently, the bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tiomin last traded at 3 cents. Currently, the bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Recommendation For Detour, PDX Merger From RiskMetrics Group and Glass Lewis
RiskMetrics Group and Glass Lewis have recommended that the shareholders of Detour Gold Corp. and PDX Resources Ltd. vote for the proposed merger of the two companies. The boards of each companies also recommended the merger, unanimously for both. More details are in the news release announcing it.
Detour is currently up 16 cents at $8.75. PDX shares are currently unchanged at $2.20, after bobbing up earlier in the day.
Detour's Google Finance web page is here; PDX's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Detour is currently up 16 cents at $8.75. PDX shares are currently unchanged at $2.20, after bobbing up earlier in the day.
Detour's Google Finance web page is here; PDX's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Mundoro Mining Adds Richard Mundie as Director, Kang Lei As Vice President
Mundoro Capital, Inc. has appointed Richard Mundie to its Board of Directors and has hired Kang Lei as its Vice President, China Operations. The news release announcing it has career biographies of both.
Mundoro is currently trading at 43 cents, down 4 cents on the day. Its bid - ask, though, is 43.5 - 45.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Mundoro is currently trading at 43 cents, down 4 cents on the day. Its bid - ask, though, is 43.5 - 45.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Orsu Will Be Late Filing Its Financial Statements
Orsu Metals Corporation will delay filing its financial statements, M D & A, and Annual Information Form. The three reasons why are found in the news release.
Orsu is currently trading at 8 cents, down 0.5 cents on the day. Current bid-ask is 8 cents - 8.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Orsu is currently trading at 8 cents, down 0.5 cents on the day. Current bid-ask is 8 cents - 8.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Golconda Applies To B.C. Ministry To Trench Sample Mitchell Creek Property
Golconda Minerals Ltd. has applied to the B.C. Ministry of Energy, Mines and Petroleum Resources for permission to trench sample its Mitchell Creek placer property. This property overlays part the Mitchell Zone, which holds potential as a copper-gold zone.
Currently, Golconda has jumped up by 1.5 cents to reach 10.5 cents. Current bid is also 10.5 cents, and ask is 12.
Golconda's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Currently, Golconda has jumped up by 1.5 cents to reach 10.5 cents. Current bid is also 10.5 cents, and ask is 12.
Golconda's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Platinex Gets 3.19 g/t Gold over 5.05 m True Width From Herrick Drill Hole
Platinex Inc. has released results from 19 holes of its 26-hole drilling program on its Herrick prospect in Ontario. Ten of those sixteen drill-hole cores had intercepts with anomalous gold values, as spelled out in the news release. In addition to the 3.19 g/t over 7.15 m of core, at 5.05 m true width, another hole yielded 4.11 g/t over 5.20 m core with true width of 2.98 m.
Platinex hasn't traded yet today. Its current bid is 6 cents, and current ask is 11.5 cents. It last traded at 6.5 cents on March 5.
Platinex's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Platinex hasn't traded yet today. Its current bid is 6 cents, and current ask is 11.5 cents. It last traded at 6.5 cents on March 5.
Platinex's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ivanhoe Expresses Thanks For Mongolia Prioritizing Approval Of Oyu Tolgoi
Ivanhoe Mines Ltd. issued a statement thanking the Mongolian parliament for making the approval of Ivanhoe's Oyu Tolgoi copper-gold mining complex a principal priority. The Investment Agreement will be at the top of the action list for the coalition government one the spring session starts, according to a State Great Khural press statement. The news release goes into more detail.
Ivanhoe is currently trading at $5.54, down 65 cents on the day, although the release of this item has accompanied a halt in an early-morning decline.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ivanhoe is currently trading at $5.54, down 65 cents on the day, although the release of this item has accompanied a halt in an early-morning decline.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Kings Minerals Share Purchase Plan To Benefit San Anton, Proceeds For Pre-Feasibility Study
San Anton Resource Corp. has announced a share purchase plan put by its principal shareholder, Kings Minerals NL, to its shareholders for maximim proceeds of A$8,516,588. It's anticipated to close on April 3. In a comment, in the news release, San Anton's CEO said the proceeds will be used to fund a pre-feasibility study for its Cerro del Gallo deposit in Mexico - although the precise amount that would flow through to San Anton has yet to be determined.
San Anton hasn't traded yet today; its current bid-ask is 11 cents - 14.5 cents. It last traded yesterday at 11 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
San Anton hasn't traded yet today; its current bid-ask is 11 cents - 14.5 cents. It last traded yesterday at 11 cents.
Its Google Finance web page is here.
----------
NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
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