Daily Roundup - March 11, 2009

Spot gold had a bit of a respite today from the previous two days' declines. Late last night and the earliest part of the morning was spent in a US$893-900 range, with the price inching upwards to the ceiling starting at 9 PM ET. The range was edged through on the upside as of 4 AM ET, and subsequent early-morning action re-established 900 as the floor. Although breaking down after 8 AM ET, gold still centred around 900 in mid-late morning. By 11, 900 was re-established as a floor as gold re-climbed up, reaching over 910 by 1 PM ET. The rally then fizzled down to about 904 before resuming in late afternoon. By the end of the regular trading day, gold had closed at US$907.90, up $10.60. The AMEX Gold Bugs Index followed suit, closing up 4.75% on the day.

The biggest point gainer of all the Canadian gold stocks followed on today's blog was a major in a joint venture, Barrick, whose gain was comparable to the HUI's. Barrick finalized a joint venture with Midway Gold Corp, which didn't trade at all today. The only change in Midway was a rise in the bid from 52 to 58 cents; the ask stayed unchanged at 65 cents. Barrick, on the other hand, traded briskly if moderately; it gained $2.04 to close at $35.34. Its 6.1% gain slightly bettered the HUI's.

The second-biggest point gainer was also the biggest percentage gainer: Alamos Gold, which reported its earnings before the opening of trading today. Alamos earned 31 cents per share, a record for the company, and also reported a 42% increase in production and an 80% increase in revenue. The stock closed at $8.05, for a gain of 66 cents, or 8.9%, in moderate-to-heavy trading.

One stock with a run that partially fizzled was Seabridge, which reported an 89% increase in estimated resources (measured and indicated) for the Mitchell zone on its 100%-owned KSM project. This item also hit the Web before trading opened, and the stock got a real boost right from the open. The day's high, $23.22, was within $1.25 of its 52-week high. Its gain partially evaporated as the day wore on, though, and Seabridge closed at $22.58 for a day's gain of 63 cents on heavy trading.

The biggest fizzler of the day was Rusaro Mining, Inc. Last night, Rusaro issued a statement clarifying/redacting some remarks made by its CEO, which had jumped the gun a bit. After opening at 59 cents, also its high of the day, it slid down to 50 cents. A one-trade spill at 45 cents was quickly reversed, leaving Rusaro to close at 50 cents for a drop of 6 cents on the day in heavy trading.

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 - and watch out for the financials.

Stocks Mentioned: Barrick Inc., Midway Gold Corp., Alamos Gold, Inc., Seabridge Gold, Inc., Rusaro Mining, Inc.


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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.

Ontex Names George Harrison As New CFO

Ontex Resources Ltd. has named George Harrison as its new Chief Financial Officer, replacing the now-resigned Peter Pistor. The news release contains a capsule biography of Harrison as well as a welcome from CEO Gary Conn.

This item hit the Internet after trading had ended. Ontex had closed at 24 cents, up 4 cents from yesterday's close on very light volume. The current bid and ask are 20 cents and 24 cents, respectively.

Ontex'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.

Yorbeau Issues Clarification For Two Earlier Resource Estimates

Yorbeau Resources Ltd. issued a correction to an earlier resource estimate, issued Feb. 11th, for the Lac Gamble and Cinderella targets According to NI 43-101 requirements, the estimates should have been in a range because the exploration-derived information on hand was too scanty to give a precise number. This later news release contains the correction and gives ranges. For Lac Gamble, 1.5 to 1.7 million tonnes at grades varying between 9 and 10 g/t Au, containing an estimated 500,000 to 525,000 ounces of gold. For Cinderella, 250,000 to 270,000 tonnes at 15 to 16 g/t Au and containing an estimated 120,000 to 140,000 ounces of gold. Both estimates are classified as conceptual, and both corrections lower the minimum figures slightly. At the end of the news release, an earlier NI 43-101 compliant resource estimate for Yorbeau's Astora block is summarized.

This item hit the Web after the market closed. Yorbeau ended today's trading unchanged, at 15 cents. The bid-ask is currently 14 cents - 16.5 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.

Gold Wheaton Reports Net Loss Of A Penny A Share

Gold Wheaton has reported a 1 cent per share net loss for a stretched-out FY 2008. In that fifteen-month period, lengthened due to a change in the fiscal year end-date, Gold Wheaton's EBITDA was $4 million, or less than a cent per share. The loss for the quarter, though, was $2 million - about half of the entire loss for the entire 15-month period. In the news release that goes through its activities, Gold Wheaton ascribed the $2 million deficit primarily to foreign-exchange losses.

This news hit the Net after the close of regular trading today. Gold Wheaton ended the day at 21.5 cents, up a penny from yesterday's close. The bid-ask is 21 cents - 25 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.

Azteca Gold Announces $2.5 Million Private Placement, Exercise of Warrants, Resignation Of Director

Azteca Gold Corp. has announed a non-brokered private placement, consisting of 12.5 million units at 20 cents each, for gross proceeds of $2.5 million. Unlike the typical unit, this one contains a share and a full warrant, which will be good for two years after the close. The exercise price for these warrants will be 35 cents. This deal is subject to regulatory approval. The funds are slated for drilling/assaying expenditures for Azteca's Two Mile Creek, and for general corporate purposes. The news release also announces that the earlier reduction in the exercise price of an earlier warrant issue garnered $658,687.50 from exercises in the amount of 4,391,250 shares. It also notes that Ed Schiller has resigned for personal reasons, and adds a brief thanks for his services.

Azteca is currently up a cent in relatively light trading. As of the time of this post, it last traded at 15 cents - the same price as the current ask.

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.

Tinka Gets 1.6 g/t Over 70 m, 1.9 g/t Over 56 m At Golden Mountain

Tinka Resources Ltd. has finished assaying the core from its two-hole drilling program in its Golden Mountain property, in Australia. Both holes had wide regions of anomalous gold values: hole GMDDH24 had 56 m at 1.9 g/t, from 163 m to 219 m, and hole GMDDH25 had 70 m at 1.6 g/t Au, from 59 m to 129 m. The news release contains context and geological information, and itemizes two subintervals in hole GMDDH25's interval, each 17 m width with 3.1 and 2.3 g/t of gold.

Tinka has not traded at all today; it closed yesterday at 5.5 cents. Current bid is at the same level, and the current ask is 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.

Fortuna Gets 6.75 g/t Gold over 14.2 m From One Hole, 7.84 g/t Over 13.5 m For Another

Fortuna Silver Mines Inc. has released the results from its 2008 drilling program on its San Jose silver-gold project in Mexico. Twelve holes were drilled: hole SJO-127 got 6.75 g/t of gold over an estimated true width of 14.2 m. SJO-137 got 7.84 g/t over est. true width of 13.5 metres. The full report (covering both gold and silver findings) is contained in the news release, as well as contextual information and the geology of the property.

Fortuna opened up with a gain of 2 cents, and that gain is currently doubled. As of the time of this post, it's up to 85 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.

Nuinsco Resources To Issue Rights, Four Of Which Will Get A Share + 1/2 Warrant For A Nickel

Nuinsco Resources Ltd. has announced the terms of a rights offering. Said rights will be issued to every shareholder of record as of March 24th, one per share held. Four rights will entitle the holder of them to purchase one unit for a nickel. Each unit contains a common share of Nuinsco and half a purchase warrant, with exercise price of 10 cents. The warrants cannot be exercised until April 23, 2010, and they expire on April 23, 2011. The rights will expire on April 23rd of this year. More details are available in the news release announcing the offering. The proceeds of the offering will be used to pay down a bridge loan and for "general corporate purposes."

As of the time of this post, Nuinsco's shares are at 5 cents, unchanged on the day. The bid-ask spread is currently lower, though: 4 cents bid, 4.5 cents asked.

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.

Altai Extends Warrants Term

Altai Resources Inc. has extended the term of warrants for 1 million of its shares by one year, to May 4, 2010. The exercise price of $1.25 remains the same. As disclosed in the news release, a director owns 100,000 of the warrants and a company controlled by him owns another 100,000.

Altai is currently up three cents at 23 cents. At market's open, about the same time at which the news was webbed, it reached 24 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.

Gossam's Joint Venture Partner Gets 2.8 m of 2.03 g/t Gold in Polymetallic Strike

The joint-venture partner of Gossan Resources Ltd., Marathon PGM Corporation, has gotten a 2.03 g/t gold finding over 2.8 m as part of a polymetallic strike on their Bird Venture project in Manitoba. The hole was sunk into a nickel-copper-platinum group metal lens. As the news release documents, there were ample findings of base and platinum-group metals too.

Gossan has not traded so far today. It last traded on March 6, when it closed at 7 cents, and its current bid-ask spread is 7-11 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.

Niogold Brings In First Canadian Capital For Investor Relations

Niogold Mining Corporation has hired First Canadian Capital, for $4,500 a month and a grant of 400,000 stock options, to undertake investor relations for Niogold. Also announced in the news release is Niogold's intention to update its resource estimate for its Marban Block property, to square with results from more recent drilling.

Niogold opened up a penny at 15 cents, where it is currently trading. The ask is the same as the last-trade price.

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.

Sabina Silver Has Increase In Gold, Other Resources At Hackett River

Sabina Silver Corp. announced an increase in its resource estimate for its Hackett River silver-zinc project. In addition to increases of 7.1 million ounces of silver, 448,000 tonnes of zinc, 57,000 tonnes of copper and 12,000 tonnes of lead, there is also an additional 24,000 ounces of gold. Details can be found in the news release.

As of the time of this posting, Sabina is up 5 cents on the day, at 68 cents. The bid-ask spread shows somewhat of a cool-off: 63 cents bid, 67 cents asked.

Sabina'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.

Rimfire Minerals And Inmet Start Four-Hole Drilling Program On Barmedman Project

Rimfire Minerals Corporation announced that it and Inmet Mining will commence a four-hole, 1200-m drilling project on an induced-polarization anomaly in the Bardeman Project. The news release goes into the geology of the area, and notes why Rimfire expects to find a copper-gold deposit there. There's also details on the joint venture agreement between the two companies.

Rimfire opened 0.5 cents below yesterday's closing price of 22 cents. As of the time of this post, it's back to 22 cents. Inmet is at $31.81, up 74 cents.

Rimfire's Google Finance web page is here. Inmet'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.

ATW Gold Corp. Commissions Scoping Study For Deflector Deposit

ATW Gold Corp. has commissioned Mining Plus, Pty. of Perth, Australia, to complete an NI 43-101 compliant preliminary-assessment (scoping) study of ATW's Deflector Deposit in its 100%-owned Gullewa gold project in Australia. In addition, an independent geological firm will audit the resource model, and a mine plan, life-of-mine projection and anticipated cash-flow model will be produced. Mining Plus will also supply an opinion on plant upgrading and capital costs. The news release also notes that the study is expected to take about 90 days.

As trading started today, ATW opened at 76 cents, up a penny from yesterday's close. The current bid is 73 cents and the current ask is 76, same as the opening price.

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.

Norther Star Gets 46.9 m Of 1.10 g/t Gold From Hole On Malarctic-Midway Project

Northern Star Mining Corp. announced the results from a hole drilled on the Osisko and Goldex sub-zones in its Malarctic-Midway gold project in Quebec. Hole MC-08-142 hit a 46.9 m interval of gold graded at 1.10 g/t. There was a sub-interval of 1.5 m with 8.90 g/t. The news release also details the results from assaying four other holes on Osisko and Goldex, and notes that the true width of the zone is approximately 75% of the core length. There's also four drill hole results from the Chabela zone: hole MC-08-140 had 1.2 m of 10.70 g/t gold. No true-width estimate was specified for the Chabela results.

Northern Star closed at 59 cents yesterday. As of the time of this posting, the bid-ask spread was 54-60 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.

Midway Gold And Barrick Sign Joint Venture Deal For Spring Valley Gold Project

Midway Gold Corp. has finalized a joint venture exploration agreement with Barrick Exploration (a wholly-owned subsidiary of Barrick Gold) for its Spring Valley project in Nevada. Barrick will have the right to earn 60% ownership of Spring Valley by spending US$30 million on the property within five years, and $4 million within a year. If Barrick spends $8 million more after it earns the 60%, then it will earn an additional 10%. An additional 5% comes with bringing the project to a "production decision" at Midway's election. The news release mentions that there's already an NI 43-101 compliant resource estimate for the project, with only inferred resources of 87.75 million tons grading 0.65 g/t per ton gold using a cut-off grade of 0.187 g/t.

Midway's stock closed at 64 cents yesterday. As of the time of this posting, the bid-ask is 52-65 cents.

Midway's Google Finance web page is here. Barrick'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.

Seabridge Gold New Mitchell Zone Resource Estimate With 89% Increase In Resources, Now 30 Million Ounces Gold

Seabridge Gold, Inc. has filed an updated resource estimate for the Mitchell zone of its wholly-owned KSM project in B.C. Measured and indicated gold resources have been upped by 89%, and M + I copper by 105%. There's now more than 30 million ounces of gold and 6 billion pounds of copper estimated as resource. The news release spells out the details of the new report, and notes that it will be filed within 45 days. The report was prepared for Seabridge by a third party.

Seabridge closed yesterday at $21.95. As of the time of this posting, the bid-ask is $21.01-$23.00.

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.

Rainy River Hits 29.2 m Of 2.35 g/t Gold With Drill Hole

Rainy River Resources Ltd. has announced that the first drill hole in its reverse-circulation drilling program, designed to test Zone 1 on its property in Richardson Township, Ontario, hit 29.2 m of 2.35 g/t core. Within this interval were two higher-grade subintervals: 7.5 m of 5.46 g/t Au and 3.7 m of 5.69 g/t Au; these lengths seem to be close to true width. The news release in which this finding was announced sketches out the geology of Target 1 and current exploration efforts.

Rainy River closed at $1.76 yesterday. The current bid-ask is $1.78-$2.00, 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.

Aquila Resources NI 43-101 Report Estimates 582,000 Oz Gold M + I

Aqulia Resources Inc. has filed an NI 43-101 compliant resource estimate for its Back Forty project in Michigan. Estimated resources are 8.5 million tonnes, measured and indicated, of 2.13 g/t gold, 5.61% zinc, 30.6 g/t silver and 0.51% copper. Inferred resources make up 1.17 million tonnes of 2.9 g/t gold, 4.4% zinc, 41.7 g/t silver and 0.21% copper. The news release also mentions the granting of 1.85 million stock options with five-year terms and 15 cent strike price, and outlines efforts by Aquila to seek financing for the Back Forty.

Aquila closed at 20.5 cents yesterday. As of the time of this posting, the bid-ask was 21-23.5 cents, 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.

Radisson Mining Grants Incentive Stock Options

Radisson Mining Resources Inc. has granted 980,000 Class A shares' worth of incentive options to its directors. The strike price is 10 cents, and the options expire on March 9, 2014.

Radisson closed at that same 10 cents yesterday. As of the time of this post, bid-ask is 8-10 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.

Silver Standard Announces Increase In Gold Reserves In Annual Report

Within a report detailing Silver Standard Inc.'s fourth-quarter and year-end results for 2008, in which it reported a net loss of 28 cents/share for the quarter and 17 cents/share for the year, it also disclosed an increase in its gold resources. Drilling in its northern B.C. Snowfield project revealed more resources, a five-fold increase, and measured plus indicated reserves for its San Luis project in Peru increased by 31%. Measured and indicated gold reserves at Snowfield are now 4.362 million ounces; M + I for San Luis are now 348,000 ounces of gold. There's also potential for a returned off-option property, the San Augustin in Mexico.

This report was released after the market closed yesterday, when Silver Standard finished at $15.59. As of the time of this posting, bid-ask is $15.50-$16.70.

Silver Standard'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.

Rusoro Mining Redacts Recent CEO Statements, Clarifies

Rusoro Mining, Inc. issued a press release that retracted certain statements made by its CEO in a recent interview. He referred to San Rafael/El Placer "'commercial gold production', 'ore' and 'orebodies'", which are not yet appropriate because exploration of the property isn't sufficiently advanced yet. In addition, a hope expressed about expanding production at Rusoro's Choco 10 property is not yet supported by a required scoping and feasibility study. The news release goes into further detail, and notes that Rusoro is in the middle of a $40-60 million equity financing.

This redaction was released after trading finished yesterday, when Rusoro closed at 56 cents on light volume. As of the time of this post, the bid-ask is 50-61 cents.

Rusoro'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.

Alamos Gold Reports FY 2008 Results, Earns 31 Cents Per Share

Alamos Gold has reported a record year in FY 2008, with 151,000 oz of gold produced and 31 cents per share earnings. Gold production went up 42% from FY '07 and revenue went up 80%. Cash flow was 68 cents/share. The news release contains the results, and activity highlights for the year.

This report was released after trading closed yesterday, during which Alamos closed at $7.39. As of the time of this posting, the bid-ask is $7.45-$7.79.

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.

Mineral Deposits Announces Sabodala First Pour "Imminent"

Mineral Deposits Limited has announced that the first gold pour from its Sabodala project should be taking place by mid-March. All links in the production chain, according to the news release, are operating as scheduled.

This announcement was issued after the market closed yesterday. As of the time of this posting, Mineral Deposits' bid-ask is 25-58 cents. It last traded yesterday, closing at 55 cents.

Its Yahoo! 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.

Mantis Minerals Grants Stock Options

After the close of trading yesterday, Mantis Minerals announced that "certain directors and consultants of the company" have been granted options for acquiring 2,450,000 shares of Mantis. The options have a strike price of 5 cents, and expire on March 10, 2014. This release was put out after the close of trading yesterday, when Mantis closed at 7.5 cents for a gain of 2.5.

It trades on the Canadian National Stock Exchange; Google Finance only has a Web page for its pink sheet listing. CSNX's page for Mantis 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.

Robex Resources Announces Work Going Well, Sample Results Coming Soon

Robex Resources, Inc. reported yesterday morning that their work on the N'Golola Zone of its Mininko property, located in Mali, is going along "very well." Pit and trench samples have been dug, and the samples are being sent away for assaying. In addition, more methodical sampling work on its contiguous Kamasso property is about to start. Robex has also gotten a three-year extension on its exploration permits for Wili-Wili and Wili-Wili West, and it plans to resume work there in April. The news release with these items has further details.

Yesterday's trading in Robex was relatively heavy, but left the stock unchanged at 8.5 cents. As of the time of this posting, the bid-ask is 8 - 9 cents.

Robex'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.

MAX Resources Gets 4.9 g/t Gold In 793 lb. Bulk Sample

Yesterday morning, MAX Resources reported that a bulk sample taken on its East Manhatten Wash property, in Nevada, yielded 4.9 g/t of gold per ton and 1.2 g/t ton silver. What got them moving from a previous outcrop sample to 793 lb's worth of bulk was a sighting of free gold. The news release explains the metholology used to assay the sample, and announces plans to take soil and auger drill samples in the immediate area. More land around the East Manhattan Wash property has been staked.

MAX didn't trade at all yesterday; its last close was at 11 cents on March 5th. As of the time of this posting, the bid-ask is 11.5 - 14 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.

Mantis Minerals Scores On Trench Sampling

Yesterday morning, Mantis Minerals, Inc. released a compliation of a trench sample on its Cree Lake property. The trenching took place over a 100 metre strike length and 2 metre width. The twelve samples whose values are disclosed in the news release ranged from 19.03 g/t to 196 g/t over a 20 cm width. The best sample, although not tabulated in the trench report, had a value of 1,300 g/t. The rest of the report goes into the geology of the areas of interest on the property, which include capsule descriptions of earlier prospectors' and companies' sample efforts.

Mantis shot up to 7.5 cents, for a gain of 2.5 cents, on moderate trading yesterday. This jump put the stock at the top of a trading range that has held since mid-January.

It trades on the Canadian National Stock Exchange; Google Finance only has a Web page for its pink sheet listing. CSNX's page for Mantis 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.