Markets
rI at the close, May 4, 2012
Canada’s TSX exchange sneezed away the entirety of its 2012 gains on Friday, helped along by rough employment numbers out of the US Department of Labour and nagging uncertainty over Europe’s competence in handling its economic affairs. Read more
May 4, 2012 by Resource Intelligence · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| May 3, 2012 | Takara Resources Inc | TKK | $1,000,000. | Canceled |
| May 3, 2012 | Cancana Resources Corp | CNY | $385,000. | Closed |
| May 3, 2012 | Brigadier Gold Ltd | BRG | $822,500. | Closed |
| May 3, 2012 | Foundation Resources Inc | FDN | $1,500,000. | Amendment |
| May 3, 2012 | Pretium Resources Inc | PVG | $70,035,000. | Proposed |
| May 3, 2012 | Mountain Boy Minerals Ltd | MTB | $1,000,000. | Proposed |
| May 3, 2012 | Uragold Bay Resources Inc | UBR | $66,000. | Closed |
May 3, 2012 by resourceINTEL · Leave a Comment
rI at the close, May 03, 2012
Toronto’s main stock index took a major hammering today with its biggest setback in 2 months. The TSX S&P composite index closed down 1.76% or 215.22 points to 12,014.90 on continued weak jobs and manufacturing data from the US, as well as pervasive bad Euronews.
Read more
May 3, 2012 by Resource Intelligence · Leave a Comment
Randgold Says First-Quarter Profit Doubles After Output Climbs
Click here to read the whole story or read an excerpt below.
By Thomas Biesheuvel
Randgold Resources Ltd. (RRS), a miner of the precious metal in Africa, said first-quarter profit more than doubled percent after production increased and prices gained.
Net income climbed to $89.4 million from $41.5 million a year earlier, the Jersey, Channel Islands-based company said today in a statement. Sales rose 46 percent to $271.8 million. Read more
May 3, 2012 by Bloomberg · Leave a Comment
Sale of DRC assets boosts First Quantum results
Click here to read the whole story or read an excerpt below.
First Quantum Minerals Ltd. (FM-T 20.01 -0.46 -2.25%) said Wednesday it earned $1.34-billion (U.S.) in its latest quarter boosted by the sale of its assets in the Democratic Republic of Congo.
The miner said the profit amounted to $2.82 per share, up from a profit of $206.7-million, or 48 cents per share, a year ago. Read more
May 3, 2012 by The Globe and Mail · Leave a Comment
Rio underlines strategy but says it will balance growth with returns
Click here to read the whole story or read an excerpt below.
By Robb M. Stewart
RIO Tinto is holding fast to expectations of continued long-term demand for its metals and minerals, with the appetite for copper in particular forecast to increasingly outstrip the global supplies over the coming years, chief executive Tom Albanese said.
“Our belief in the long-term demand story is unchanged,” Read more
May 3, 2012 by The Australian · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| May 1, 2012 | Satori Resources Inc | BUD | $12,500. | Closed |
| May 1, 2012 | Deer Horn Metals Inc | DHM | $700,000. | Amendment |
| May 1, 2012 | Solid Resources Ltd | SRW | $1,100,000. | Proposed |
| May 1, 2012 | Falcon Gold Corp | FG | $850,000. | Proposed |
May 2, 2012 by resourceINTEL · Leave a Comment
Exclusive: Nuclear power still a contender
Exclusive to resourceINTELLIGENCE
Rob Chang is an equity research analyst covering the metals and mining sector at Versant Partners. He has extensive financial market experience dating back to 1995 which has included roles such as being a member of a five-person team running a multi-strategy hedge fund, a base metals researcher at a large Canadian bank, a portfolio manager of resource funds/director of research at a boutique investment management company with $3 billion in assets, and as an equity analyst covering the global mining sector at an independent investment bank. Rob has a Master of Business Administration degree from the Rotman School of Management at the University of Toronto and holds a Chartered Investment Manager (CIM®) designation.
May 1, 2012 by Resource Intelligence · Leave a Comment
Scientific rationality aside, metals prices are about to turn for the better-Ecclestone
Click here to read the whole story or read an excerpt below.
By Dorothy Kosich
Metals analyst Christopher Ecclestone has made what he admits is “the rather unscientific pronouncement that we suspect a turn is about to occur” in metals prices, despite the current malaise.
In an analysis published by Hallgarten & Company Monday, Ecclestone observed, “The metals space seems to have gotten itself into a bind where Read more
May 1, 2012 by Mineweb · Leave a Comment
Junior mine developer Rubicon snatches Goldcorp veteran for top spot
Click here to read the whole story or read an excerpt below.
By Kip Keen
As it grows from junior explorer to junior gold miner Rubicon Minerals (TSX: RBY) pulled a deeply experienced mine operator away from Goldcorp’s upper echelons to take its top position.
Rubicon said Monday that Goldcorp’s director of underground mining, Read more
May 1, 2012 by Mineweb · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| April 30, 2012 | Cline Mining Corp | CMK | $24,525,000. | Closed |
| April 30, 2012 | North American Palladium Ltd | PDL | $35,030,000. | Closed |
| April 30, 2012 | Wesdome Gold Mines Ltd | WDO | $7,000,000. | Proposed |
| April 30, 2012 | TMT Resources Inc | TMT | $18,600,000. | Proposed |
| April 30, 2012 | Golden Cross Resources Inc | GOX | $999,999. | Proposed |
April 30, 2012 by resourceINTEL · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| April 27, 2012 | Monster Mining Corp | MAN | $2,400,000. | Canceled |
| April 27, 2012 | StoneShield Capital Corp | STS | $145,000. | Closed |
| April 27, 2012 | Toro Resources Corp | TRK | $2,000,000. | Canceled |
| April 27, 2012 | Antioquia Gold Inc | AGD | $2,000,000. | Proposed |
| April 27, 2012 | Andover Ventures Inc | AOX | $2,457,750. | Closed |
| April 27, 2012 | Golconda Resources Ltd | GA | $1,000,000. | Proposed |
| April 27, 2012 | Teslin River Resources Corp | TLR | $300,000. | Closed |
April 29, 2012 by resourceINTEL · Leave a Comment
Newfoundland/Labrador help maintain Canadian mining superpower status – Gratton
Click here to read the whole story or read an excerpt below.
By Dorothy Kosich
Mining Association of Canada CEO Pierre Graton said strong commodity prices, driven by growing demand in rapidly developing nations, are creating opportunities for new mine development and major mine expansions not seen in many years.
In a speech to the St. John’s Board of Trade Wednesday, Gratton said, Read more
April 27, 2012 by Mineweb · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| April 26, 2012 | Intigold Mines Ltd | IGD | $750,000. | Closed |
| April 26, 2012 | Calico Resources Corp | CKB | $1,922,700. | Closed |
| April 26, 2012 | Brixton Metals Corp | BBB | $1,016,140. | Closed |
| April 26, 2012 | Batero Gold Corp | BAT | $6,314,555. | Closed |
| April 26, 2012 | Auriga Gold Corp | AIA | $10,000,000. | Proposed |
| April 26, 2012 | Skyline Gold Corp | SK | $6,100,000. | Proposed |
| April 26, 2012 | Forest Gate Energy Inc | FGE | $350,000. | Closed |
| April 26, 2012 | Advance Gold Corp | AAX | $500,000. | Proposed |
| April 26, 2012 | NQ Exploration Inc | NQE | $100,000. | Closed |
April 26, 2012 by resourceINTEL · Leave a Comment
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.
Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.
NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!
| Date | Company Name (Click to open profile) | Symbol | How Much? | Status |
| April 24, 2012 | Jet Gold Corp | JAU | $422,199. | Closed |
| April 24, 2012 | Intigold Mines Ltd | IGD | $750,000. | Amendment |
| April 24, 2012 | Standard Graphite Corp | SGH | $2,999,999. | Canceled |
| April 24, 2012 | Gold Bullion Development Corp | GBB | $1,219,984. | Closed |
| April 24, 2012 | First Idaho Resources Inc | FI | $440,000. | Proposed |
| April 24, 2012 | Quaterra Resources Inc | QTA | $14,999. | Closed |
| April 24, 2012 | Noront Resources Ltd | NOT | $9,999,999. | Proposed |
April 25, 2012 by resourceINTEL · Leave a Comment
rI at the close…
The TSX moved back from earlier gains to close lower Tuesday as traders weighed the impact of mixed corporate earnings in North America, as well as less than positive consumer data.
The TSX/S&P composite index lost just 8.85 points to 11,980.1, as investors were concerned about the European debt crisis extending into yet another session.The junior TSX Venture Exchange shed 5.26 points to 1,365.77.
Baja Mining Corp. (TSX:BAJ) about one third of its value and hit its year low yesterday after announcing a cost increase of about $246-million, a 22% increase over 2010 project funding requirements. Two directors confirmed their resignation from the board on April 21.CBM Asia Development Corp. was close to year lows yesterday, but announced today the final content results at the Kutai West Coalbed Methane Production—where the company holds an 18% interest. Chairman Scott Stevens of CBM Asia, noted, “These final gas content results are significantly above our expectations.”Mirabela Nickel Limited (TSX:MNB), dropped 4% and hit year lows yesterday, announcing its unaudited first quarter results for the period ended March 31, 2012.
Elemental Minerals Ltd. (TSX:ELM) just about hit year lows yesterday amid a broad decline announced that it has identified high grade potash in a third seam at its Kola Deposit. The company reported assay results that include high-grade mineralisation in a seam previously known to contain only lower grade carnallite mineralisation.Peregrine Diamonds (TSX:PDG) reported discovery of a third kimberlite this year in the Lac de Gras region, Northwest Territories. The kimberlite, named LD-3, was discovered at the third of four land-based geophysical targets drilled during the winter program.
Shares of Barrick Gold Corp. TSX:ABX closed down 0.4%, Potash Corp. of Saskatchewan TSX:POT shares fell 0.9%, and Agrium Inc. TSX:AGU shares fell 1.1%.
Teck Resources Ltd. TSX:TCK.B shares finished up 1.5% after the company posted record revenues driven by coal production.
April 24, 2012 by Resource Intelligence · Leave a Comment
Google Chiefs Back Startup Mining Asteroids for Metals
Click here to read the whole story or read an excerpt below.
By Beth Jinks
Google Inc. (GOOG) Chief Executive Officer Larry Page and Chairman Eric Schmidt are among the backers of a venture to mine asteroids for trillions of dollars of precious metals, as Earth’s resources become strained.
Planetary Resources Inc., based in Seattle, aims to launch a telescopic space surveyor into Earth’s low orbit in less than two years to identify potential metal- and water-rich asteroids and begin prospecting within four years, co-founder Eric Anderson, 37, said in a telephone interview. Read more
April 24, 2012 by Bloomberg · Leave a Comment
resourceINTELLIGENCE at the close…
Mining stocks took a beating today, with S&P/TSX Global Mining Index shaving 2.39% and the S&P/TSX Capped Diversified Metals & Mining Index losing 4.23%.
Shares of Barrick Gold Corp. closed down 1.7% and Goldcorp Inc. fell 3.4%. Potash Corp. of Saskatchewan shares declined 2.7%, and Teck Resources Ltd. shares dropped 3.7%.
The continued cooling off of resource stocks is partly the result of uncertainty in Europe:
- The leftist presidential candidate in France scored a narrow victory over the incumbent in the first round of voting on Sunday
- The government in the Netherlands resigned on Monday after failing to agree on budget cuts
- Official data from Spain confirmed that the country was in a recession
- German manufacturing index unexpectedly dropped in April
With heightened concern about austerity and a contracting economy in Europe and Asia (China’s economy has continued to slow as well) gold is showing some uncertainty.
“Europe sneezed and we are catching cold,” the WSJ quoted George Gero, a vice president and precious metals strategist with RBC Capital Markets.
Also according to the Wall Street Journal:
- Comex June gold settles down $10.20, or 0.6%, at $1,632.60 a troy ounce
- European worries, dollar gains, limit interest in gold
- Silver settles at 3-month lows on global manufacturing woes
- Diminished expectations for Federal Reserve stimulus also weighs; FOMC meets this week
Monday April 23, 2012
Top Gainers in TSX
Lucara Diamond Corp. LUC:TSX 
Dynacor Gold Mines Inc. DNG:TSX 
Nautilus Minerals Incorporated NUS:TSX 
Freegold Ventures Limited FVL:TSX 
Minco Gold Corporation MMM:TSX 
Top Gainers in TSX Venture
Rainmaker Mining Corp./ Formerly as Thunder Sword RMG:TSX VENTURE 
Beacon Resources Inc. / Formerly as Champlain Resources Inc. – Apr 19, 2012 TAL:TSX VENTURE 
Silver Sun Resource Corp. SSU:TSX VENTURE 
Themac Resources Group Ltd. MAC:TSX VENTURE 
Argentex Mining Corp ATX:TSX VENTURE 
Top Losers in TSX
Baja Mining Corporation BAJ:TSX 
Gabriel Resources Ltd GBU:TSX 
Wesdome Gold Mines Ltd WDO:TSX 
Renaissance Gold Inc. REN:TSX 
Corona Gold Corporation CRG:TSX 
Top Losers in TSX Venture
Iconic Minerals Ltd. / Formerly as Bonaventure Enterprises Inc. – Mar 2, 2011 ICM:TSX VENTURE 
Transition Metals Corp XTM:TSX VENTURE 
Opal Energy Corporation OPA:TSX VENTURE 
Rome Resources Inc RMR:TSX VENTURE 
Mountain Lake Resources Inc MOA:TSX VENTURE 
April 23, 2012 by Resource Intelligence · Leave a Comment
Exclusive: Copper, tin and zinc to benefit from strong fundamentals
Exclusive to resourceINTELLIGENCE
Copper, alongside most other base metals, put up a lackluster performance in 2011 with the red metal ending the year down 21% at $7600 per tonne; however, many analysts are anticipating a recovery in the base metals complex, including copper, in 2012.
April 23, 2012 by Resource Intelligence · Leave a Comment
Sino-Forest analyst joins Allana Potash
Click here to read the whole story or read an excerpt below.
By Peter Koven
It didn’t take Richard Kelertas long to land a new job.
A few weeks after Dundee Capital Markets announced Mr. Kelertas was departing the company, Allana Potash Corp. hired the veteran analyst as head of corporate development. Read more
April 23, 2012 by Financial Post · Leave a Comment
