Pan America Capital Group Inc.

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March 19, 2008
Celadrin(R) Research Unveiled at Nutrigenomics 2008 Meeting in Paris, France - Demonstrates How Clinically Proven Celadrin(R) Achieves Its Results

SAN DIEGO, March 19 /PRNewswire-FirstCall/ -- Imagenetix, Inc. (OTC Bulletin Board: IAGX - News), announced today that Director of Research and Development, Dr. Robert Hesslink, presented basic research outlining the cellular pathway instrumental in the efficacy of Celadrin(r). Dr. Hesslink outlined the pathway before an audience of scientists and industry leaders at the Nutrigenomics 2008 meeting in Paris, France. The meeting was sponsored by the International Society of Antioxidant in Nutritio... (6 KB)
March 19, 2008
Radius Options Its San Pedro Gold Project to Vannessa Ventures

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - Simon Ridgway, the President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to announce that Radius has agreed to option its San Pedro epithermal gold project located in east-central Nicaragua to Vannessa Ventures Ltd. (TSX VENTURE:VVV - News). Under the terms of the agreement, Vannessa can acquire a 50% interest in the property by spending a cumulative total of US$3,000,000 on exploration over a period... (3 KB)
March 18, 2008
Denver-Based Newmont Mining Completes Acquisition of Canada's Miramar

DENVER (AP) - Newmont Mining Corp. says it has completed the takeover of Miramar Mining Corp., which controls a large undeveloped gold property in Canada's Nunavut Territory. Denver-based Newmont said B.C. Limited, its indirect wholly owned subsidiary, finished the acquisition process on Monday. Newmont, one of the world's biggest gold producers, agreed in October to pay $1.53 billion for Miramar, based in Vancouver, British Columbia. Newmont shares traded down 98 cents to $52.40 in mid... (1 KB)
March 18, 2008
Keegan Commences Drilling at Asumura Gold Project

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 18, 2008 -- Keegan Resources Inc. ("Keegan") (CDNX:KGN.V - News)(AMEX:KGN - News) is pleased to announce that drilling has commenced at the Asumura gold project. The goal of this drill program will be to conduct an initial drill test of the NW and Bia targets. The NW target is currently 5.5km long and contains several zones of greater than 50 ppb gold in soil samples and up to 4911 ppb gold in augur samples. Keegan will also be testing the coincide... (4 KB)
March 17, 2008
Vista Gold Corp. Announces Year-End Financial Results

DENVER, March 17 /PRNewswire-FirstCall/ - Vista Gold Corp. (Amex: VGZ; TSX) announced today its financial results for the year ended December 31, 2007, as filed on March 17, 2008 with the U.S. Securities and Exchange Commission and the Canadian Securities Commission in Vista's Annual Report on Form 10-K. For the year ended December 31, 2007, Vista reported a consolidated net loss of US$14.2 million or US$0.44 per share compared to the 2006 consolidated net loss of US$4.2 million or US$0.16 per s... (15 KB)
March 12, 2008
Northair Begins Follow Up Drill Program at El Reventon Silver Project, Mexico

VANCOUVER, BRITISH COLUMBIA - (Marketwire - March 12, 2008) - International Northair Mines Ltd. (TSX VENTURE:INM - News; the "Company") is pleased to announce that a second phase reverse circulation drill program has commenced at the El Reventon Project, located in the state of Durango, Mexico. The program will total 2,000 metres in approximately 15 holes and is designed to increase the size of the Reventon Breccia zone, where core drilling in 2007 by the Company returned significant silver valu... (5 KB)
March 12, 2008
Copa Holdings Presenting at the JPMorgan Aviation and Transportation Conference on March 18, 2008

PANAMA CITY, March 12 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA - News), has been invited to present at the JPMorgan Aviation and Transportation Conference. JPMorgan will webcast the live presentation and a link to this webcast will be available on our website. Details of the audio webcast are as follows: Date: Tuesday, March 18, 2008 Time: 3:15 p.m. EDT Speakers: Victor Vial, Chief Financial Officer Web Address: http://investor.sha... (2 KB)
March 11, 2008
Silver Standard Resources Inc.: Snowfield Measured & Indicated Gold Resources Grow to 3.1 Million Ounces

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 11, 2008 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) is pleased to report a significant increase in gold resources at the Snowfield gold project in northern British Columbia. The increased resource is now comprised of measured and indicated gold resources totalling 3.1 million ounces, an increase of 724,300 ounces from the initial Snowfield resource announced in 2006, and inferred gold resources of 466,200 ounces... (7 KB)
March 10, 2008
Silver Standard Reports Year-End 2007 Results

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 10, 2008 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) reports the following from the company's fourth quarter and fiscal year 2007. (All figures are in Canadian dollars unless otherwise noted). Financial Highlights - For the three months ended December 31, 2007, property expenditures totalled $27.7 million including $12.8 million for construction and mining equipment and $2.0 million for exploration at the P... (16 KB)
March 10, 2008
Western Troy Announces Positive Results of MacLeod Lake Preliminary Assessment (Scoping Study)

TORONTO, ONTARIO--(Marketwire - March 10, 2008) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") today announced it has received the results of a Preliminary Assessment on its MacLeod Lake Molybdenum Copper Project from Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) of Toronto. Using a molybdenum price of US$17.00 per pound and a copper price of US$2.25 per pound, the study indicates a surface mining operation on the Main Zone of the MacLeod Lake Project w... (7 KB)
February 28, 2008
Cabo Expands Drilling Services Into Colorado With Award of 6,000 Feet Drill Contract by Wits Basin Precious Minerals Inc.

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Wits Basin Precious Minerals Inc. has awarded the Company's Pacific division, a contract for a minimum 6,000 feet of surface diamond drilling at Wits Basin's Bates Hunter Mine in Central City, Colorado, approximately 35 miles west of Denver. The drilling program intends to explore targets immediately adjacent to known areas of mineralization, p... (4 KB)
February 28, 2008
New Dimension Options San Francisco Property in Nevada; Significantly Expands Size of Its Reese River Silver-Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - New Dimension Resources Ltd. ("New Dimension" or the "Company") (TSX VENTURE:NDR - News) is pleased to announce that it has entered into an option agreement to acquire an interest in the San Francisco property in central Nevada. The San Francisco property, owned by Gold Summit Corporation (TSX VENTURE:GSM - News), adjoins New Dimension's Reese River silver-gold project and covers the projection of priority targets on the Reese River pro... (5 KB)
February 28, 2008
Radius Provides an Update on Its Nicaragua Exploration Programs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Simon Ridgway, the President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to provide a brief update of recent progress on the Company's exploration programs in Nicaragua. Radius is exploring a number of epithermal gold systems in central and northern Nicaragua including the 100% owned Trebol vein system and the Estrella de Oro project. A man-portable diamond drill rig has been contracted and mobilized to ... (6 KB)
February 27, 2008
Vista Gold Corp., Mt. Todd Gold Project - Updated Resource Calculation Ounces of Gold

DENVER, Feb. 27 /CNW/ -- Vista Gold Corp. (Amex: VGZ - News; TSX: VGZ - News) is pleased to announce that an updated gold resource estimate for the Batman deposit at the Mt. Todd Gold Project in Northern Territory, Australia was completed on February 26, 2008, by Tetra Tech of Golden, Colorado, in accordance with Canadian National Instrument 43-101 standards. This updated gold resource estimate was completed under the direction of Mr. John Rozelle, P.G., an independent Qualified Person, utilizin... (15 KB)
January 08, 2008
Radius Provides Update on Exploration Programs and Outlines Plans for 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - Simon Ridgway, the President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to review the Company's 2007 exploration programs and to provide a brief outline of plans for the coming year. Radius has early stage exploration programs in five Latin American countries, including Mexico, Nicaragua, Guatemala, Ecuador and Peru. Key Accomplishments in 2007 and Objectives for 2008 - In Nicaragua, the Company... (11 KB)
January 07, 2008
Vista Gold Corp. Announces Signing of Agreement to Purchase Equipment for Paredones Amarillos Project, Mexico, and Results From a Preliminary Assessment of its Long Valley Gold Project, California

DENVER, Jan. 7 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ - News; TSX: VGZ - News) is pleased to announce that further to the Company's January 2, 2008 press release, the Company has entered into a formal agreement with A.M. King Industries, Inc. ("A.M. King") and Del Norte Company Ltd., a wholly owned subsidiary of A.M. King, to purchase gold processing equipment to be used at Vista's Paredones Amarillos Project in Baja California Sur, Mexico. As previously announced, the aggregate p... (18 KB)
January 04, 2008
New Dimension Resources Ltd.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2008) - New Dimension Resources Ltd. ("New Dimension") (TSX VENTURE:NDR - News), has arranged a non-brokered private placement of 1,500,000 Units at a price of $0.20 per Unit. Each Unit shall be comprised of one common share and one warrant, with each warrant being exercisable for one year to purchase one common share for $0.45. New Dimension shall pay a finders fee in respect of purchasers of securities introduced to the Company by the Finde... (3 KB)
December 28, 2007
Save the Date - Copa Holdings Second Annual Investor Day to be Held January 18, 2008 in Panama City

PANAMA CITY, Dec. 28 /PRNewswire-FirstCall/ -- Copa Holdings S.A. (NYSE: CPA - News) will be hosting its second Annual Investor Day in Panama City on January 18, 2008. This event will showcase presentations from Copa Holdings' management team, as well as a guided tour of Copa Airlines' Hub of the America's and maintenance facilities in Tocumen International Airport. The agenda for Copa Holdings' Investor Day is the following: Agenda for COPA DAY 2008 ... (6 KB)
November 29, 2007
Pacific Ridge Expands Lucky-7 Uranium Zone at the Baker Basin Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Pacific Ridge Exploration Ltd. ("Pacific Ridge") (TSX VENTURE:PEX - News) has received additional uranium assays from both the Lucky-7 Zone and KZ Zone drilling programs with values reaching 0.35% U3O8 over 10 metres. The Lucky-7 Zone drilling indicates opportunity for strike and depth continuity of uranium mineralization, with an accelerated resource definition drilling campaign warranted in 2008. LUCKY-7 ZONE The Lucky-7 Zone is... (13 KB)
November 29, 2007
Cabo Announces Record 1st Quarter Results

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its fiscal year 2008 first quarter ended September 30, 2007. 1st QUARTER HIGHLIGHTS --------------------------------------------------------------------------- (CDN $000s, except earnings per share) Q1 - 08 Sept. 30 Q1 - 07 Sept. 30 FY 2007 June 30 --... (13 KB)
November 28, 2007
Western Troy Acquires Uranium Prospects Near the Otish Mountains in Quebec

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") announced that it has made application for 40 new claims in five groups (a total of approximately 2000 hectares) in the Otish Mountains area of Quebec. The claims are located east of Western Troy's MacLeod Lake Molybdenum Copper Project. Anomalous radiometric readings of 25-75 times background were obtained in a work program conducted by Uranerz in 1982. Western Troy plan... (4 KB)
November 28, 2007
Keegan Resources Completes $13.5 Million Financing

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 28, 2007 -- Keegan Resources Inc. (CDNX:KGN.V - News) announces that further to its news release of November 5, 2007, it has now completed the previously announced private placement of 3,300,000 units of the Company at a price of $4.10 per Unit for gross proceeds of $13,530,000. The financing was underwritten by Dundee Securities Corp. and Cormark Securities Inc. who exercised their 10% over-allotment right. Each unit consists of one common share a... (4 KB)
November 27, 2007
Cabo Expands Drilling Services Into Nevada

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that its Nevada division, Action Drilling Inc., a subsidiary of Cabo Drilling (Pacific) Corp., has been awarded a contract to complete a minimum of 7,500 feet of HQ core drilling in Nevada. The Company began drilling in mid-October on their client's property located approximately 30 miles south of Battle Mountain, Nevada. Action Drilling mobilized a... (4 KB)
November 26, 2007
Condor Resources Inc.: Brahma Porphyry Copper Target Extended to 3 sq km

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN - News) is pleased to announce that continuing exploration on its 100%-owned Brahma property in Chile has further increased the known dimensions of this newly-discovered porphyry copper target. The pervasive quartz-sericite altered leached capping zone has now been extended to cover a surface area of 3 sq km with an exposed vertical extension approaching 400 metres. He... (3 KB)
November 26, 2007
Silver Standard Increases Pirquitas Reserves by 27% and Updates Capex

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 26, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) reports that proven and probable silver reserves at Pirquitas have increased by 27 percent to 136 million ounces from 107.1 million ounces of silver. In addition, tin reserves have increased by 29% to 113 million lbs and zinc reserves by 63% to 414 million lbs. Tonnes of ore have increased by 13%, silver grade by 12%, tin grade by 14% and zinc grade by 44%. The... (15 KB)
November 23, 2007
Silver Standard Resources Inc.: Pirquitas Project News Release and Conference Call

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 23, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) announces that it will issue a news release regarding the Pirquitas Project in Argentina on Monday morning, November 26, 2007. ADVERTISEMENT A conference call with management to review the project update is scheduled on Monday, November 26, 2007 at 8:30 a.m. EST. Toll-free in North America: 1-866-400-3310 Toronto local and overseas: 1-416-850-9144 ... (3 KB)
November 22, 2007
Western Troy Announces New Resource Estimate for MacLeod Lake and Withdrawal From Panama Gold Prospect

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") announced that it has received the results of a new resource estimate for its MacLeod Lake molybdenum copper project in Northern Quebec. The new resource estimate includes the assays from the summer of 2007 drilling program. The table below shows the updated resource estimate for the Main and South Zones. Main Zone Main Zone ... (7 KB)
November 20, 2007
Vista Gold Corp. Announces Luzon Minerals Ltd. Elects Not to Exercise Option to Purchase Amayapampa Gold Project in Bolivia

DENVER, Nov. 20 /PRNewswire-FirstCall/ -- Vista Gold Corp. (TSX & Amex: VGZ) announced today that Luzon Minerals Ltd. has decided not to exercise its option to acquire from Vista the Amayapampa Gold Project in Bolivia, citing its inability to advance the project with its current financial and personnel resources. Luzon had an option to acquire Vista's interest in the project from Vista pursuant to an option agreement dated March 13, 2007 (see Vista's press release dated March 14, 2007). Vista an... (6 KB)
November 19, 2007
Mexican Silver Mines Acquires the Voladora Mine in the State of Nuevo Leon

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MS2 - News; WKN:A0MSLE) is pleased to announce that it has completed a Letter of Intent ("LOI") to acquire a 100% interest in the Voladora Mine located in the municipality of Lampazos, Nuevo Leon, northeastern Mexico. The Voladora Mine, which covers an area of 272 hectares, is situated two kilometers to the northwest of Mexican Silver's La Iguana Mine. The Voladora ... (6 KB)
October 31, 2007
U.K. Pound Rises to Highest Since 1981 on Interest-Rate Outlook

By Kim-Mai Cutler and Aaron Pan Enlarge Image/Details Oct. 31 (Bloomberg) -- The pound rose to its highest against the dollar since 1981 on speculation the U.S. Federal Reserve will cut interest rates today, widening the difference in borrowing costs with the U.K. Bank of England policy maker David Blanchflower said the bank is taking a 'watch and see' approach on rates and his colleague Kate Barker has signaled it isn't ready to cut them. Futures traders are betting U.S. borrowing costs ... (4 KB)
October 31, 2007
Canada's Dollar Rises to a 47-Year High as Crude Oil Advances

By Haris Anwar Oct. 31 (Bloomberg) -- Canada's dollar rose to its highest since 1960 after the price of crude oil advanced and the country's gross domestic product in August exceeded economists' expectations. Crude oil traded near $93 a barrel before the Federal Reserve's decision on interest rates. Economists surveyed by Bloomberg expect the Fed to cut U.S. interest rates, potentially weakening the dollar and making oil cheaper for foreign buyers. Commodities account for about half of Can... (3 KB)
October 31, 2007
Dollar Rises Most in 4 Weeks Versus Yen as U.S. Growth Quickens

By Min Zeng Enlarge Image/Details Oct. 31 (Bloomberg) -- The dollar rose the most in four weeks versus the yen after a report showed the U.S. economy unexpectedly accelerated in the third quarter, while the Bank of Japan cut its forecast for growth and inflation. The U.S. currency pared some losses against the euro after touching a record low earlier, as the data led some traders to trim bets on how many times the Federal Reserve will lower borrowing costs this year after a likely cut tod... (5 KB)
October 31, 2007
Gold Rises on Demand for Dollar Alternative as Euro Rallies

By Pham-Duy Nguyen Oct. 31 (Bloomberg) -- Gold rose as the euro rallied against the dollar, boosting the appeal of the precious metal as an alternative to the U.S. currency. Before today, gold had climbed 23 percent this year, reaching a 27-year high of $798.30 an ounce on Oct. 29 as the dollar fell 8.7 percent against the euro. The 13-nation European currency reached a record $1.4467 today. Five of the past six bear markets for the U.S. currency have pushed gold higher. ''Gold has been... (2 KB)
October 31, 2007
Copper Gains in N.Y. as U.S. Economy Grows Faster Than Forecast

By Millie Munshi Oct. 31 (Bloomberg) -- Copper rebounded, snapping a two- day slump, after a government report showed the U.S. economy grew faster than economists forecast in the third quarter. Gross domestic product expanded at an annual rate of 3.9 percent in the quarter, the most since the first three months of 2006, the Commerce Department said today. Before today, copper declined 4.4 percent this month, partly on concern slower growth would damp demand in the U.S., the world's second-... (3 KB)
October 31, 2007
Crude Oil Rises Above $93 After Report Shows U.S. Supply Drop

By Mark Shenk Oct. 31 (Bloomberg) -- Crude oil rose 3 percent and neared a record after an Energy Department report showed that U.S. inventories fell to a two-year low. Oil has advanced 14 percent this month. Stockpiles dropped 3.89 million barrels to 312.7 million barrels last week, the lowest since October 2005, the department said. A 400,000 barrel gain was expected, according to a Bloomberg News survey. ''The bottom line is that there isn't enough sweet crude to meet demand,'' said ... (4 KB)
October 31, 2007
Newmont Mining 3Q Profit Doubles on 1-Time Gains, Narrows Gold Sales Outlook on Mine Costs

DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold producers, said Wednesday its third-quarter earnings doubled on one-time gains from a joint venture settlement and a tax credit. However, the company narrowed its gold sale expectations for the year, citing mining costs. The company earned $397 million, or 88 cents per share in the third quarter, compared with $198 million, or 44 cents per share, in the year-ago quarter. Revenue rose 49 percent to $1.65 billion. Sha... (4 KB)
October 31, 2007
Mexican Silver Mines Increases Drill Program at Vallecillo

CALGARY, ALBERTA--(Marketwire - Oct. 31, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MSM - News; WKN:A0MSLE) is pleased to announce that the drilling program at Vallecillo has been expanded from eight holes to 12 holes. In the east, additional holes will be drilled to test the northeastward extension of the Dolores-San Pablo structural zone which is projected into an area covered and obscured by recent sediments. In the western part of the district, ad... (3 KB)
October 30, 2007
Cabo Announces Record Quarterly and Annual Results

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its fourth quarter and the fiscal year 2007 ended June 30. 4TH QUARTER & ANNUAL HIGHLIGHTS ------------------------------------------------------------------------- (CDN $000s, except earnings per share) 3 months 3 months ending e... (17 KB)
October 24, 2007
New Dimension Finds New Gold Zone at Reese River Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - New Dimension Resources Ltd. ("New Dimension") (TSX VENTURE:NDR - News) is pleased to announce that it has discovered a potentially significant gold zone at its Reese River Project located near Austin, Nevada. Two rock chip samples, each one metre in length, were taken from separate outcrops in the Amador Canyon portion of the property and reported assays of 9.8 g/t gold and 4.8 g/t gold. This is the first time that significant gold val... (6 KB)
October 09, 2007
Copper Rises After Forecast for Increased Demand From China

By Halia Pavliva Oct. 9 (Bloomberg) -- Copper rose for the first time in four sessions in New York on speculation demand from China, the world's biggest buyer, will strengthen, further reducing stockpiles of the metal used in wires and pipe. Demand from China may increase 6 percent next year, the Lisbon-based International Copper Study Group said yesterday. Copper stockpiles monitored by the London Metal Exchange, the world's biggest metals exchange, have dropped 28 percent this year. '... (3 KB)
October 09, 2007
Gold, Silver Gain as Weak Dollar and Oil Rally Boost Demand

By Pham-Duy Nguyen Oct. 9 (Bloomberg) -- Gold and silver rose after crude oil rallied and the dollar weakened against the euro, boosting the appeal of the precious metals as hedges against inflation. Gold rose to a 27-year high on Oct. 1 after oil surged to a record and the dollar fell to an all-time low against the euro. Oil rebounded from a 2.7 percent drop yesterday, and the U.S. currency fell against the euro after gaining 0.6 percent yesterday. Before today, gold had gained 16 percent... (3 KB)
October 09, 2007
NY gold futures turn up early on physical buying

NEW YORK, Oct 9 (Reuters) - U.S. gold futures reversed initial losses to rise early on Tuesday on physical buying and bargain-hunting, as bullion investors continued to closely follow the currency markets ahead of the release of the Federal Reserve meeting minutes. "We have seen some physical buying at the North American open," said Andy Montano, a director of bullion dealer ScotiaMocatta in Toronto. "In the face of the euro, which was weaker than it was yesterday and continued to range-... (4 KB)
October 09, 2007
Newmont to buy Miramar Mining for C$1.5 billion

NEW YORK (Reuters) - Newmont Mining Corp. (NEM.N: Quote, Profile, Research), the world's second-largest gold producer, said on Tuesday it would buy Canadian gold company Miramar Mining Corp. (MAE.TO: Quote, Profile, Research) (MNG.A: Quote, Profile, Research) for C$1.5 billion (US$1.52 billion) to expand into the Nunavut Territory in Canada's far north. Soaring gold prices have fueled speculation that gold mining companies would combine to capitalize on the boom. Miramar said in a statemen... (2 KB)
September 12, 2007
Radius Acquires Epithermal Gold Project in Nicaragua, and Reports on Impact of Hurricane Felix

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to announce that the Company has expanded its ground holdings and acquired a new gold project called La Flor, located 8km south of its new Trebol discovery in northeast Nicaragua (see press release dated May 29, 2007). The La Flor project is contiguous with Radius's Amapola and El Trebol concessions, and brings the Company's total land... (5 KB)
September 10, 2007
Radial Energy Announces Letter of Intent to Participate in Ecuadorian Gold Mining Projects

HOUSTON, TX--(MARKET WIRE)--Sep 10, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") is pleased to announce that the Company has signed a Letter Of Intent ("LOI") with Minera Del Pacifico S.A. ("Pacifico") to acquire mining assets located in the productive gold mining province of El Oro, located in the southern region of Ecuador. The LOI plans for the acquisition of a 45% ownership interest in the EMPEC floatation mill and the rights to develop two existing gold min... (3 KB)
September 10, 2007
Cabo Awarded 10,000 Meter Drill Contract by Rambler Metals and Mining

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Rambler Metals and Mining Canada Limited, a division of Rambler Metals and Mining PLC, has awarded the Company's Atlantic division, a contract for a minimum 10,000 meters of surface diamond drilling on Rambler's mining properties located in the Baie Verte area of Newfoundland & Labrador. The Company will utilize one unitized Longyear Hydro 50 ... (4 KB)
September 06, 2007
Keegan Drills 36 m of 2.5 g/t, 44 m of 2.18 g/t, and 16 m of 3.63 g/t Gold in Large Step-Out Holes at Esaase

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 6, 2007 -- Keegan (CDNX:KGN.V - News) is pleased to release the results of 9 new-step out drill holes and three depth extensions of existing holes from its resource definition drill program at the Esaase Gold Property. The drilling was successful at adding potential resource both at depth and down dip on section 10160 (e.g. 36 m @ 2.35 g/t in hole 136) as well as revealing higher grade in a large step-out to the south where hole 138 intersected 44 ... (8 KB)
September 06, 2007
New Dimension Resources Cenepa Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - New Dimension Resources Ltd. ("Company") (TSX VENTURE:NDR - News) is pleased to provide an update on its Cenepa Project, located in northern Peru. On September 11, 2006, the Company announced that it had attained an irrevocable right to acquire ten petitions for mining concessions totaling 10,000 hectares in northern Peru. The concessions sit south of the Ecuadorian border and along a regional mineral trend within which the significa... (3 KB)
September 06, 2007
Radius' Tambor Exploration Adit Returns 74.5g/t Gold Over 3.4m

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - Simon Ridgway, the President of Radius Gold ("Radius") (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), would like to provide an update on the Tambor gold project. Assay results have been received for sampling of the Guapinol vein in the exploration adit at the Tambor gold project in Guatemala. The vein was sampled on both sidewalls of the adit and gave results of: - 74.5 g/t Au over 3.40m(i) from the vein on the east tunnel wall (est. ... (4 KB)
September 06, 2007
Mexican Silver Mines Ltd. Initiates Drilling on the Vallecillo Project

CALGARY, ALBERTA--(Marketwire - Sept. 6, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MS2 - News; WKN:A0MSLE) is pleased to announce that a core drilling exploration program has commenced on its project covering the entire historic Vallecillo silver-lead-zinc district. The Vallecillo district, located halfway between Monterrey, Mexico and Laredo, Texas, has been the site of silver-lead mining activities dating back to 1766. Mexican Silver has acquire... (5 KB)
September 04, 2007
Vista Gold Corp. Receives Exploration Licenses and Announces Drill Results at Mt. Todd Project, Australia, and Reviews Cash Position

DENVER, Sept. 4 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ - News; TSX: VGZ - News) announced today that it has received four exploration licenses ("ELs") covering about 110,633 hectares primarily to the north- northeast of Vista's Mt. Todd gold mine in the Northern Territory, Australia. The ELs had been held in reserve status by the Northern Territory government prior to Vista acquiring the project. Vista's management believes exploration potential for gold and other minerals on thes... (15 KB)
August 21, 2007
Platinum, Palladium Futures Fall in New York, Following Dow

By Halia Pavliva Aug. 21 (Bloomberg) -- Platinum and palladium fell in New York, following the Dow Jones Industrial Average, amid concerns slowing economic growth will cut demand for the metals, used mostly in pollution-control devices for cars and trucks. U.S. stocks dropped, led by homebuilders, as real-estate foreclosures almost doubled in July and Banc of America Securities LLC said rising borrowing costs will reduce home sales. Platinum has dropped 8.1 percent from a record $1,353.80 ... (2 KB)
August 21, 2007
Gold Future Rises in New York as Dollar Falls; Silver Gains

By Halia Pavliva Aug. 21 (Bloomberg) -- Gold rose in New York after the dollar fell against the euro, strengthening the appeal of the precious metal as an alternative investment. Silver also gained. The dollar fell against the euro and yen as traders increased bets the Federal Reserve will reduce its overnight lending rate between banks. Gold has gained 4.7 percent this year while the euro has climbed 2.2 percent against the dollar in the same period. ''You've got the dollar a little lo... (2 KB)
August 21, 2007
Keegan Drills 186m of 1.12 g/t, 102m of 1.01 g/t, and 7m of 4.83 g/t Au in Step Out Drilling at Esaase Gold Project

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 21, 2007 -- Keegan (CDNX:KGN.V - News) is pleased to release the results of 27 new drill holes drilling at Esaase. The total area of detailed drilling now covers approximately 1300 meters by 200-600 meters with depths between 100-300 meters (see www.keeganresources.com for a map showing drill hole locations and grade thickness data). Significant intercepts were encountered in 26 of 27 holes. Some of the highlights include 48 meters of 2.02 g/t Au (... (15 KB)
August 21, 2007
CABO to Drill 6,700 Meters for New Millennium Capital at Kemag Iron Ore Project in Quebec

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that New Millennium Capital Corp. of Calgary, Alberta, has awarded Cabo's Ontario division a contract to drill 6,700 meters (NQ diameter core) on New Millennium's (TSX VENTURE:NML - News) 100% owned KeMag Iron Ore project near Lac Harris in Quebec. This is Cabo's second contract with New Millennium. The Company's first contract for 8,000 meters of B... (3 KB)
August 21, 2007
Western Troy Announces Claim Staking on Molybdenum Prospect in Northern Quebec

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") announced that it has map staked 150 claims in the Lac Viau area of the Caniapiscau Region of Quebec which is approximately 300 kilometers Northeast of Chibougamau. The property comprises about 85 sq. km. of prospective ground and has been named the "Holmstead" prospect by Western Troy. The claims were staked in an area where anomalous values in molybdenum, zinc, rare ... (5 KB)
August 17, 2007
Gold, Silver Rebound as Dollar Drops on Fed's Discount-Rate Cut

By Stewart Bailey Aug. 17 (Bloomberg) -- Gold in New York rose the most since February, and silver rebounded after the Federal Reserve reduced its discount rate, sending the dollar lower and increasing the allure of precious metals as an alternative investment. The Fed cut the rate at which it makes direct loans to banks by 0.5 percentage point to 5.75 percent and said it's prepared to take further action following the rout in global credit markets. Gold often moves in the opposite directi... (2 KB)
August 17, 2007
Copper Rises in N.Y. as Fed Cuts Rate, Easing Growth Concerns

By Halia Pavliva Aug. 17 (Bloomberg) - Copper rose, ending a three-day slump, after the U.S. Federal Reserve cut its discount rate, easing concerns economic growth and metal demand will slow. The central bank, in an unscheduled announcement, today cut the rate at which it makes direct loans to banks by 0.5 percentage point to 5.75 percent. The Fed said it's prepared to take further actions to "mitigate" damage to the economy from the rout in global credit markets. Copper had dropped 10 per... (3 KB)
August 17, 2007
Oil Rises as Federal Reserve Applies Emergency Rate Reduction

By Robert Tuttle Aug. 17 (Bloomberg) - Crude oil rose the most in two weeks as the U.S. Federal Reserve lowered its discount rate to prevent an economic slowdown and a hurricane bound for the Gulf of Mexico may threaten oil rigs, pipelines and refineries. Futures rose as high as $72.54 a barrel after the Fed reduced the rate it charges for direct loans to banks by 0.5 percentage point to 5.75 percent. Lower rates may spur economic growth and increase oil demand at a time of higher-than-nor... (3 KB)
August 17, 2007
Imagenetix Inc. to Present at Noble Small Cap Financial Conference on August 21, 2007

Expects to See Substantial Sales Growth Balance of Year SAN DIEGO, Aug. 17 /PRNewswire-FirstCall/ - Imagenetix, Inc. (OTC Bulletin Board: IAGX - News), will present at the Noble Financial Equity Conference at 11:30 a.m. EDT on Tuesday, August 21, 2007 at the Charleston Place Hotel in Charleston, South Carolina. William Spencer, Imagenetix's Chief Executive Officer will provide a 25 minute presentation outlining the science, products, and prospects for the Company. Commenting on the ... (4 KB)
August 17, 2007
Western Troy Announces Partial Assay Results From Drilling at MacLeod Lake

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") announced that it has received assay results on eight holes drilled at its MacLeod Lake molybdenum copper project in Northern Quebec. These eight holes totaled 940 meters of the planned 6000 plus meters of the summer drilling program. The following table shows the significant intercepts (depths and widths are in meters): Hole # From To ... (6 KB)
August 15, 2007
Copa Airlines Begins Service to Cordoba, Argentina

Wednesday August 15, 4:58 pm ET Cordoba is Copa Airlines' second destination in Argentina PANAMA CITY, Aug. 15 /PRNewswire-FirstCall/ -- Copa Airlines, a subsidiary of Copa Holdings SA (NYSE: CPA - News), today begins four-times-weekly flights from Panama to Cordoba, Argentina. Passengers from the Argentinean city will be able to make connections at the Hub of the Americas in Panama to the major cities in Latin America. The flight leaves Panama on Sundays, Tuesdays, Wednesdays and Fridays... (3 KB)
August 15, 2007
Condor's New Porphyry Copper Discovery in Chile Traced for Over Three Kilometres

Vancouver, B.C., August 15, 2007 - Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to announce that its geologists have now traced copper mineralization at the Company's new 100%-owned "Brahma" porphyry project for a distance of over three kilometres. The property is located southeast of the city of Talca in southern Chile, and recent staking by Condor has increased the size of the project to 270 square kilometres. Condor President and CEO, Patrick Burns, ... (4 KB)
August 15, 2007
Silver Standard and Esperanza Update San Luis Exploration

VANCOUVER, BRITISH COLUMBIA - (Marketwire - Aug. 15, 2007) - Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) and Esperanza Silver Corporation (TSX VENTURE:EPZ) are pleased to announce more results of ongoing diamond drilling at the San Luis high-grade gold and silver joint venture property in central Peru. Bianca Vein Drilling on the Ayelen vein has identified a previously unknown sub-parallel vein. The Bianca vein, which does not outcrop, is located between the Ayelen and Ines veins... (11 KB)
July 30, 2007
Cabo to Drill 7,000 Meters for Fronteer Development Group Inc.

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 30, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Fronteer Development Group Inc. has awarded Cabo's Pacific division, Cabo Drilling (Pacific) Corp., a contract to drill 7,000 meters of NQ2 core at Fronteer Development Group's Wernecke Mountains Drill Project, 140 km north of Mayo, Yukon. The Company will be working with Equity Engineering Ltd., while Fronteer remains as the operator of the p... (3 KB)
July 30, 2007
Copa Airlines Announces New Codeshare Agreement With AeroMexico

Passengers will benefit from enhanced connectivity throughout Mexico and Latin America PANAMA CITY, July 30 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA - News), announced today the signing of a codeshare agreement with AeroMexico, to begin on August 1, 2007. In its initial stage, Copa Airlines will place its designator code on AeroMexico-operated flights beyond Mexico City to 17 cities: Acapulco, Aguascalientes, Leon/Bajio, Ciudad Juarez, Chihuahua,... (3 KB)
July 23, 2007
Cabo Awarded Deep Drilling Contract for Cypress Development's Broulan Reef Project

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 23, 2007) - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Ontario subsidiary, Cabo Drilling (Ontario) Corp., of Kirkland Lake, Ontario, has been awarded a contract by Cypress Development Corp. (TSX VENTURE:CYP - News) for 15,000 feet of NQ core drilling. The drilling will occur on Cypress' Broulan Reef gold project, in the Bruce Channel area, in Red Lake, Northwestern Ontario. The Company will utilize a JKS Boyle... (4 KB)
July 20, 2007
Keegan Provides Asumura Project Update: Discovers New Gold-In-Soil Trend at Asumura

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 20, 2007 -- Keegan (CDNX:KGN.V - News) is pleased to announce that it has discovered a new gold-in-soil trend at the Asumura gold project in southwest Ghana, which coincides with a large regional north east trending fault indicated by a large aeromagnetic break in the northeastern portion of the deposit. The anomaly is over 5.5 km long and varies from 300 - 500 meters wide and is defined very consistently by 20 - 376 ppb Au values obtained in the l... (5 KB)
July 09, 2007
Bellhaven Copper & Gold Signs USD$4 Million Deal with Golden Cross Resources Ltd. For Interest in Los Hatillos Property

PANAMA CITY, Panama, July 9 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a definitive agreement with Golden Cross Resources Ltd. (ASX: GCR - News; "Golden Cross") of Australia to acquire an interest in Bellhaven's wholly owned Los Hatillos Concession. Under the terms of the agreement Golden Cross will incur exploration expenditures up to US$3.5 million and make option payments of US$500,000 over a period of fiv... (2 KB)
July 09, 2007
Western Troy Announces Trench Sample Results in Panama, Commencement of Drilling at MacLeod Lake

TORONTO, ONTARIO--(CCNMatthews - July 9, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY - News; "Western Troy") announced that it has received results of trench sampling conducted by Aurum Exploration on the Viento Frio Project in Panama. Drilling performed by Rayrock in 1999 outlined a near surface gold occurrence (not 43-101 compliant) that covered an area of approximately 900 meters north to south by approximately 150 meters east to west. A road traverses the gold occurrence are... (6 KB)
July 06, 2007
Cabo Engages Investor Relations Service Providers in Europe and Implements Name Changes

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 6, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that it has entered into Investor Relations Agreements with Michael Forster and The Fabrice de la Ferriere & Henri Deegenaar Partnership, subject to regulatory approval, to provide the Company with retail and institutional investor relations service in Europe. The objective of this undertaking is to increase international awareness of the Company and f... (6 KB)
July 05, 2007
Cabo Mexico to Drill 4,000 Meters for Silvercrest Mines in Northern Mexico

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that SilverCrest Mines Inc. has awarded Cabo's Mexico division a contract to drill 4,000 meters of core at its Santa Elena Project in northern Mexico. The Santa Elena Project is located approximately 150 kilometers northeast of Hermosillo, Sonora, Mexico and is easily accessible with excellent local infrastructure. The Company is undertaking SilverC... (4 KB)
July 05, 2007
Mexican Silver Mines Ltd. Engages Corporate Communications Consultant

CALGARY, ALBERTA--(CCNMatthews - July 5, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MS2 - News; WKN:A0MSLE) is pleased to announce that it has engaged Acamar Asia Consultants Inc. of Vancouver, British Columbia to provide corporate communications services to Mexican Silver effective immediately. The President and principal of Acamar is Fayyaz Alimohamed of Vancouver, British Columbia. Mexican Silver is at arm's length with Acamar and Mr. Alimohamed... (2 KB)
June 19, 2007
Gold, Silver, Little Changed, May Rise on U.S. Dollar Outlook

By Pham-Duy Nguyen June 19 (Bloomberg) -- Gold and silver, little changed in New York, may rise on speculation a slump in the U.S. housing market will hurt growth, weakening the dollar and boosting the appeal of precious metals as alternative investments. Gold generally moves in the opposite direction of the dollar, which is down a third straight day against a basket of six major currencies. A government report showed home construction slowed in May, a signal the Federal Reserve may not ra... (5 KB)
June 12, 2007
Copper Falls for Fifth Time in Six Sessions on Chinese Imports

By Millie Munshi June 12 (Bloomberg) -- Copper in New York declined for the fifth time in six sessions as imports by China, the largest consumer of the metal, tumbled in May. China's imports of copper and copper products fell 28 percent to 220,561 metric tons from April, the Beijing-based customs office said today on its Web site. Stockpiles in Shanghai have gained threefold in 2007 as imports rose to a record earlier in the year. Copper has fallen 8.9 percent in the past month on concern ... (3 KB)
June 12, 2007
Cabo to drill for Armistice Resources Corp.

NORTH VANCOUVER, BC, June 12 /PRNewswire-FirstCall/ - Cabo Drilling Corp. (TSX-V: CBE - News; "Cabo" or the "Company") announces that Armistice Resources Corp. has awarded Cabo's Ontario division, Cabo Drilling (Ontario) Corp., (formerly Heath & Sherwood Drilling Inc.), a contract to drill the first 10,000 feet of a significant exploration program Armistice has planned for this year. Armistice President and CEO, Todd J. Morgan stated, "We are pleased to be working with a local company that ha... (2 KB)
June 11, 2007
Copa Holdings Announces 19.9% Traffic Growth For May 2007

PANAMA CITY, June 11 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA - News), and its Copa Airlines and Aero Republica operating subsidiaries, today released preliminary passenger traffic statistics for May 2007: Copa Holdings (Consolidated) May May Change 2007 2006 (%) ASM (mm) (1) 627.4 548.2 14.4% RPM (mm) (2) 439.7 366.7 19.9% ... (3 KB)
June 11, 2007
Bellhaven Copper & Gold & Empire Minerals Begin Drill Program at the Cerro Chorcha Copper Property in Panama

Panama City, Panamá - June 11, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") in conjunction with its joint venture partner Empire Minerals Corp. (OTC: EMPL) is pleased to announce that it has begun drilling at the Cerro Chorcha Copper Property in Panama. This 3,300 meter phase one drill program will test high-grade copper-gold-silver mineralization associated with the structurally-controlled quartz-magnetite stock-work within and to the west of th... (7 KB)
June 07, 2007
Cabo to Drill 17,000 Metres on Sherwood Copper Corp Minto Project in Yukon

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Sherwood Copper Corp. of Vancouver, British Columbia, has awarded Cabo's Pacific division a contract for approximately 17,000 metres of NQ-2 and HQ core drilling on Sherwood's Minto project northwest of Carmacks, Yukon. This will be Cabo's second contract with Sherwood Copper following the successful completion of a similar sized program on the Mi... (2 KB)
June 07, 2007
Coastport Provides a Review and Update of Interpreted Geophysical Results From the On-Going Program at the Gama Prospect, Ecuador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2007) - Coastport Capital Inc. (TSX VENTURE:CPP - News; FRANKFURT:C1J - News) provides an update on Induced Polarization (IP) geophysics presently in progress on the GAMA Prospect in Azuay Province, Ecuador. The project is being explored under an Option and Joint Venture agreement with Cornerstone Capital Resources Inc. (TSX VENTURE:CGP - News) who are the operators of the field program in Ecuador. Results have been supplied to Coastport by ... (7 KB)
June 07, 2007
Glencairn Strengthens Operating Team

Glencairn Gold Corporation announced today two key appointments to further strengthen its operating team. David Bayona, P. Eng., MBA, has been hired as General Manager for Cerro Quema, an advanced gold project in Panama, and Milko Rivera, P. Eng., has been hired to provide technical and special projects support to the corporate and Central American offices. "With these appointments we continue to build an operational and engineering group that will successfully support the accelerated pace of... (4 KB)
June 06, 2007
Vista Gold Corp. Announces Gold Resource Estimate for the Awak Mas Gold Project, South Sulawesi, Indonesia

DENVER, June 6 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ - News; TSX: VGZ - News) is pleased to announce that, following the completion of drilling in late 2006, a new mineral resource analysis for the Awak Mas deposit on South Sulawesi Island, Indonesia, was completed on June 6, 2007, by Gustavson Associates, LLC of Boulder, Colorado, in accordance with Canadian National Instrument 43-101 standards under the direction of Mr. John Rozelle, an independent Qualified Person, utilizing s... (12 KB)
June 05, 2007
Oil Falls on Speculation U.S. Refineries Bolstered Fuel Output

By Mark Shenk June 5 (Bloomberg) -- Crude oil fell on speculation that a government report will show that U.S. refineries increased fuel production. Gasoline stockpiles increased 1.55 million barrels last week, according to the median of responses by 12 analysts in a Bloomberg News survey. Supplies of distillate fuel, a category that includes heating oil and diesel, rose 800,000 barrels, the survey showed. Prices also fell on reduced concern that Tropical Cyclone Gonu will curb oil shipmen... (3 KB)
June 05, 2007
Gold and Silver Futures Rise on Demand for Dollar Alternative

By Pham-Duy Nguyen June 5 (Bloomberg) -- Gold and silver in New York rose as a decline in the value of the dollar boosted the appeal of the precious metals as alternative investments. Gold generally moves in the opposite direction of the dollar, which dropped against the euro today on speculation the U.S. Federal Reserve won't raise interest rates anytime soon. Before today, gold had gained 6 percent this year as the euro climbed 2.2 percent against the dollar. ''The dollar is down agai... (2 KB)
June 05, 2007
Copper Drops on Speculation U.S. Manufacturing Demand to Slow

By Millie Munshi June 5 (Bloomberg) -- Copper futures fell in New York, halting a three-session rally, on speculation that demand from the manufacturing sector will ease. Orders placed with U.S. factories rose less than half the rate economists had estimated, the Commerce Department said yesterday. Copper used in electronics and industrial machinery accounts for about one-third of consumption. The metal gained 5 percent in the previous three sessions as global inventories dwindled. ''Fa... (2 KB)
May 30, 2007
Bellhaven Copper & Gold Signs USD$4 Million LOI with Golden Cross Resources for Los Hatillos Property Interest

Panama City, Panamá - May 30, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with Golden Cross Resources Ltd. (ASX : GCR)("Golden Cross") of Australia to acquire an interest in Bellhaven's wholly owned Los Hatillos Concession. Under the terms of the agreement, which is to be completed on or before June 30, 2007, Golden Cross will incur exploration expenditures up to US$3.5 million... (3 KB)
May 30, 2007
Gold, Silver Futures Fall in New York on Interest Rate Outlook

By Pham-Duy Nguyen May 30 (Bloomberg) -- Gold and silver prices fell in New York on speculation the U.S. Federal Reserve won't cut interest rates anytime soon, strengthening the dollar and reducing the appeal of precious metals as alternative investments. Gold generally moves in the opposite direction of the dollar, which has risen 1.6 percent against a basket of six major currencies after falling on May 1 to the lowest level this year. Gold reached an 11-month high on April 20, before she... (2 KB)
May 30, 2007
Copper Futures Fall in N.Y. on Concern Chinese Growth Will Slow

By Millie Munshi May 30 (Bloomberg) -- Copper futures fell for a second day in New York after China's stocks tumbled the most in three months, raising speculation economic growth may slow in the world's largest consumer of the metal. The benchmark CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, dropped 6.8 percent after the government tripled the tax on securities transactions to cool a rally that has doubled the value of local stocks in 2007. Copper ... (2 KB)
May 29, 2007
Radius Announces Initial Sampling Results From Its Trebol Property, Nicaragua

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to provide an update on recent work on a new gold discovery in northeast Nicaragua. Recent stream sediment and reconnaissance rock sampling within the Region Autonoma Atlantico Norte (RAAN) in northeastern Nicaragua identified vein float, and notable amounts of free, visible gold in stream sediment and quartz float in two areas. An appl... (4 KB)
May 22, 2007
Copper Drops in New York on Speculation Chinese Demand May Slow

By Millie Munshi May 22 (Bloomberg) -- Copper futures fell in New York on speculation that demand may slow in China, the world's biggest consumer of the metal used in pipes and wires. Stockpiles of the metal monitored by the Shanghai Futures Exchange have more than tripled this year, climbing to the highest in three years. Before today, copper had rallied 18 percent in 2007 on forecasts that growth in China would boost demand. ''With China basically looking like they're going to move to... (2 KB)
May 22, 2007
Oil Falls on Signs U.S. Refiners Increased Gasoline Production

By Mark Shenk May 22 (Bloomberg) -- Crude oil and gasoline fell on speculation that U.S. refineries will increase production of the motor fuel to meet peak demand during the summer driving season. U.S. gasoline supplies rose 1.35 million barrels last week, according to the median of responses by 14 analysts surveyed by Bloomberg News before an Energy Department report tomorrow. Refineries probably operated at 90 percent of capacity, up 0.5 percentage point from the week before. BP Plc shut... (3 KB)
May 17, 2007
Newmont Exec Takes NY Times to Court

U.S. Gold-Mining Executive Files Civil Suit in Indonesia Against the New York Times JAKARTA, Indonesia (AP) -- A U.S. mining executive has filed a civil lawsuit against The New York Times, saying he wanted to clear his name following allegations that Newmont Mining Corp. dumped dangerous levels of arsenic and mercury into an Indonesian bay. Richard Ness, 57, who heads the Denver-based company's local subsidiary, was acquitted by the Manado District Court of pollution charges last month aft... (3 KB)
May 16, 2007
Gold, Silver Futures Fall as Dollar Strengthens Against Euro

By Pham-Duy Nguyen May 16 (Bloomberg) -- Gold and silver fell in New York as a gain in the value of the dollar against the euro reduced the appeal of the precious metals as alternative investments. Gold has moved in tandem with the euro 74 percent of the time in the past year, Bloomberg data show. Gold reached an 11-month high on April 20 as the euro was headed toward an April 27 record against the dollar. Before today, the metal has climbed 5.7 percent this year while the euro has gained ... (2 KB)
May 16, 2007
Copper Falls in New York on Speculation Chinese Demand May Slow

By Millie Munshi May 16 (Bloomberg) -- Copper declined in New York on speculation that demand may slow in China, the world's biggest consumer of the metal used in pipes and wires. Chinese imports in April fell to 304,672 metric tons from a record 307,740 tons in March. Inventories monitored by the Shanghai Futures Exchange gained 26 percent last week to 85,269 tons, the highest in three years. China's consumption of raw materials had driven a 23 percent rally in copper this year. Trader... (2 KB)
May 16, 2007
Copa Holdings Reports Record Earnings of US$48.6 Million and EPS of US$1.12 for 1Q07

PANAMA CITY, May 16 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA - News), parent company of Copa Airlines and Aero Republica, today announced financial results for the first quarter of 2007 (1Q07). The terms "Copa Holdings" or "the Company" make reference to the consolidated entity, whose operating subsidiaries are Copa Airlines and Aero Republica. The following financial and operating information, unless otherwise indicated, is presented pursuant to US GAAP. OPERATING AND FIN... (12 KB)
May 14, 2007
Cabo Drilling Expands Into Spain with 70,000 Metre Drill Contract for Iberian Minerals

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 14, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces the expansion of drilling operations into Spain through its wholly owned subsidiary Cabo Drilling Spain S.L., and initial core drilling contracts totalling 70,000 meters (amended from an initial 65,000 metres) for Iberian Minerals Corp. ("Iberian Minerals") (TSX VENTURE:IZN - News) wholly owned subsidiaries, Minas de Aguas Tenidas, S.A.U. ("MATSA") and... (5 KB)
May 14, 2007
Silver Standard and Esperanza Extend San Luis' High-Grade to Depth

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 14, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) and Esperanza Silver Corporation (CDNX:EPZ.V - News)(Other OTC:ESPZF.PK - News) are pleased to announce more results of ongoing diamond drilling at the San Luis high-grade gold and silver joint venture property in central Peru. Ayelen Vein Extended to Depth Drilling on the Ayelen Vein continues to extend the drill-tested gold and silver mineralization ove... (9 KB)
May 10, 2007
Silver Standard Resources Inc.: First Quarter 2007 Results and Conference Call

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 10, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) announces that it will issue a news release with the First Quarter 2007 financial results on Monday, May 14, 2007. A conference call with management to review First Quarter 2007 results and project activities is scheduled on Monday, May 14, 2007 at 10:00 a.m. EDT. Toll-free in North America: 1-866-400-3310 Toronto local and overseas: 1-416-850-9144 ... (2 KB)
May 10, 2007
Vista Gold and Allied Nevada Announce Listing of New Shares

DENVER, May 10 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ; Toronto) ("Vista") and Allied Nevada Gold Corp. (Amex: ANV; Toronto) ("Allied Nevada") announce that the new common shares of Vista and the shares of common stock of Allied Nevada ("Allied Nevada Shares") began trading today on the Toronto Stock Exchange (the "TSX") and the American Stock Exchange (the "AMEX"). The listings on the TSX and the AMEX result from the completion of the previously announced plan of arrangement invol... (8 KB)
May 10, 2007
Vista Gold and Allied Nevada Announce Closing of Arrangement

DENVER, May 10 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ; Toronto) ("Vista") and Allied Nevada Gold Corp. (Amex: ANV; Toronto) ("Allied Nevada") announce that the previously announced plan of arrangement involving Vista, Allied Nevada and Carl and Janet Pescio (the "Arrangement") closed today. The transaction resulted in the acquisition by Allied Nevada of Vista's Nevada properties and the Nevada mineral assets of Carl and Janet Pescio. Of the 38,933,055 shares of common stock ("Alli... (10 KB)
May 10, 2007
Radial Energy Engages Knight Capital Markets LLC -- Launches New Website

HOUSTON, TX--(MARKET WIRE)--May 10, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company) is pleased to announce the engagement of Knight Capital Markets LLC ("KCM") as exclusive advisors to the Company. Knight Capital Markets is part of Knight Capital Group, Inc., headquartered in Jersey City, NJ and with offices throughout the USA and abroad. Founded in 1995, the company makes markets or trades in more than 16,000 equities and supplies liquidity to a great number of ... (5 KB)
May 09, 2007
Vista Gold to get 27M stock shares

Vista Gold Corp. will get 26,933,055 shares of common stock of Allied Nevada Gold Corp. as part of a previously announced merger, according to a Wednesday statement from Vista Gold. Of the shares to be handed over, 25,403,207 will be available for distribution to shareholders of Littleton-based Vista Gold. Based on the current number of outstanding shares of Vista Gold (TSX and AMEX: VGZ - News News), each Vista shareholder will receive one new share of Vista stock plus 0.794 share of Al... (1 KB)
May 09, 2007
Copa Holdings Announces Payment Of Annual Dividend

PANAMA CITY, May 9 /PRNewswire-FirstCall/ -- The Board of Directors of Copa Holdings S.A. (NYSE: CPA - News), at its regular meeting held on May 9, 2007, declared an annual dividend of US$0.31 per share on all outstanding Class A and Class B shares. The dividend is payable on June 15, 2007 to shareholders of record at the close of business on May 31, 2007. CPA-G (1 KB)
May 08, 2007
Vista Gold Announces Number of Shares to be Distributed as Part of Arrangement

DENVER, May 8 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ; Toronto) ("Vista") announced today that it will receive a total of 26,933,055 shares of common stock of Allied Nevada Gold Corp. ("Allied Nevada Shares") as part of the previously announced arrangement involving Vista, Allied Nevada Gold Corp., and Carl and Janet Pescio (the "Arrangement"). Of these 26,933,055 Allied Nevada Shares, 25,403,207 shares will be available for distribution to shareholders of Vista, subject to applica... (3 KB)
May 07, 2007
Radial Energy's Huaya 100-2X Well Reaches Total Depth -- Prepares for Production Tests

HOUSTON, TX--(MARKET WIRE)--May 7, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company) is pleased to announce that the Huaya 100-2X well reached total depth of 305.1 meters (1,001 feet) at 1:00 am on May 3rd. Resistivity and Neutron-Density logs were run from 302.5 to 61.7 meters and Gamma Ray to surface. The target Vivian formation was found at 255.1 meters, 3.7 meters above the oil-water contact established in the Huaya 100-1X and 4X wells. (1 KB)
May 07, 2007
Indonesia to Appeal U.S. Pollution Case

Newmont Says Indonesia Prosecutors to Appeal Verdict in Pollution Case DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold producers, said Monday that Indonesian prosecutors plan to appeal its acquittal on charges of polluting a bay off Sulawesi Island. A Manado District Court judge dismissed the case against the Denver-based Newmont and executive Richard Ness last month, ruling that evidence presented at trial showed waste rock dumped into Buyat Bay by the company's now-d... (2 KB)
May 03, 2007
Copper Rises in New York on Signs of Strengthening U.S. Demand

By Millie Munshi May 3 (Bloomberg) - Copper futures rose for a fifth session in New York on signs of strengthening U.S. demand for the metal used in wires and pipes. Orders placed with U.S. factories rose the most in a year in March and the nation's manufacturing grew in April at the fastest pace in almost a year, reports showed this week. Copper, which usually moves in tandem with economic growth, has gained 3.6 percent this week. The U.S. is the second-biggest user of copper, after China... (3 KB)
May 03, 2007
Gold, Silver Futures Rebound as Dollar May Resume Decline

By Pham-Duy Nguyen May 3 (Bloomberg) - Gold in New York rebounded from a one-month low on speculation the dollar may resume its decline against the euro, boosting the appeal of precious metals as alternative investments. Silver also rose. Gold is sold in dollars, and five of the past six bear markets in the U.S. currency have led to a higher gold price. Before today, the euro had gained 3 percent this year against the dollar, while gold had risen 5.8 percent. "There is a belief that thi... (3 KB)
May 03, 2007
Oil, Gasoline Plunge After Belgian Refinery Strike Averted

By Mark Shenk May 3 (Bloomberg) - Crude oil and gasoline plunged after Belgian refiners and workers agreed to a new proposal to resolve a labor dispute and avert a strike. Belgian oil workers had threatened to go on strike May 10 and halt operations at four refineries in Antwerp with a combined processing capacity of more than 600,000 barrels a day. Royal Dutch Shell Plc, Nigeria's largest foreign oil producer, expects its Forcados export facility in Nigeria to resume operations in June, t... (4 KB)
May 03, 2007
Cabo Announces Award of Drilling Contract by AmLib United Minerals Inc.

NORTH VANCOUVER, BRITISH COLUMBIA - (CCNMatthews - May 3, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that it has been awarded a contract by AmLib United Minerals Inc. ("AmLib") for a minimum of 10,000 meters of reverse circulation drilling and 5,000 metres of core drilling. The project is located at AmLib's Kokoya exploration property near Dean Town in the Kokoya district of Bong County, Liberia. The Company is working closely with AmLib, a Jersey ... (4 KB)
May 02, 2007
Copa Airlines Orders Four New Boeing 737-800 Aircraft

The airline has one of the newest and most modern fleets in the Americas PANAMA CITY, May 2 /PRNewswire-FirstCall/ - Copa Airlines, a subsidiary of Copa Holdings S.A. (NYSE: CPA - News), and the Boeing Company announced today that the airline ordered four Boeing 737-800s for delivery in 2011 and 2012. The order continues Copa Airlines' fleet expansion program and increases its outstanding Boeing 737 Next-Generation orders from six to 10, plus options for additional deliveries. "This... (2 KB)
May 02, 2007
Resource Drilling Program Continues to Expand Size of Potential Resource at Esaase Gold Project

May 2, 2007 Keegan Resources Inc. (the "Company") is pleased to release the results of 21 new drill holes from the reverse circulation resource definition program at Esaase. The total area now covered by the program is approximately 1100 meters by 200-600 meters with depths between 100-300 meters (see www.keeganresources.com for a map showing drill hole locations and cross-sections). Significant intercepts were encountered in 19 of 21 holes. Highlights include 98 meters of 1.38 g/t Au,... (21 KB)
May 01, 2007
Radial Energy Spuds Huaya 100-2X Well in Peru - Sets Surface Casing

HOUSTON, TX - (MARKET WIRE) - May 1, 2007 - Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company) is pleased to announce that the Huaya 100-2X well was spudded on Friday April 27th, 2007. The Huaya 100-2X well was drilled to 203 feet and surfacing casing was cemented into place on Sunday April 29th. Management expects drilling to reach total depth of 900-950 feet within the next 72 hours, followed by completion and production testing. The Huaya 100-2X well, according to CCP ge... (4 KB)
April 30, 2007
U.S. Stocks Rise, Heading for Best Monthly Advance Since 2003

By Eric Martin April 30 (Bloomberg) -- U.S. stocks gained and were set to close out the best month since 2003 after earnings beat estimates and a measure of inflation was unchanged. RadioShack Corp. climbed to a two-year high after the third- largest U.S. electronics retailer said quarterly profit rose fivefold because of reduced costs. Wm. Wrigley Jr. Co. reached the highest since at least 1980 after the chewing-gum maker said higher sales in Europe and Asia buoyed net income. The unch... (7 KB)
April 30, 2007
Platinum Rises in Asia, Palladium Little Changed; Tokyo Closed

By Jesse Riseborough April 30 (Bloomberg) -- Platinum rose in Asian trade today amid continuing speculation that new exchange-traded funds for precious metals will boost demand. Palladium was little changed. Zuercher Kantonalbank, Switzerland's biggest government- controlled cantonal lender, will introduce ETFs for platinum, palladium and silver on May 10. ETFS Physical Platinum was introduced in London last week by Channel Islands-based ETF Securities Ltd. ''I still see platinum very w... (2 KB)
April 30, 2007
Copper Gains on Speculation Mining Strike May Cut Peru's Output

By Millie Munshi April 30 (Bloomberg) -- Copper prices in New York rose as a strike threatened to slow supplies from Peru, the world's third- largest producer of the metal. Workers at almost half of 70 mining unions joined the strike, including employees of Southern Copper Corp., Mining Federation Secretary General Luis Castillo said today. Prices for copper rose to a record $4.04 a pound in May as mine accidents and labor disputes disrupted production. If the strike ''is sustained, pri... (3 KB)
April 30, 2007
Gold and Silver Futures Climb as Euro Gains Against Dollar

By Pham-Duy Nguyen April 30 (Bloomberg) -- Gold in New York rose, erasing earlier losses, as the euro gained against the dollar, boosting the appeal of the precious metal as an alternative investment. Gold is sold mostly in dollars, and five of the past six bear markets in the U.S. currency have led to a higher gold price. Before today, gold had gained 6.9 percent this year while the euro had risen 3.5 percent against the dollar. ''The only driver gold has today is the dollar and sentim... (4 KB)
April 26, 2007
Copa Airlines Continues Route Expansion, Announces New Destinations: Punta Cana, Dominican Republic and Washington, D.C.

Route network will encompass 38 cities in 21 countries in North, Central and South America and the Caribbean PANAMA CITY, April 26 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA - News), today announced it will offer new service from Panama and connections in Latin America to Punta Cana, Dominican Republic, and Washington, D.C., in the U.S., beginning July 15, 2007. The launch of these two new destinations reinforces Copa Airlines' extensive existing rout... (3 KB)
April 26, 2007
Radial Energy Provides Latin American Operational Update

HOUSTON, TX--(MARKET WIRE)--Apr 26, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") wishes to report on the status of Latin American operations located in Peru and Colombia. The Company is pleased to announce that the Huaya 100-2X well is scheduled to spud on April 28th. Radial's first well, the Huaya 100-1X, was drilled to a total depth of 926 feet (318 feet below sea level) on March 17th and was logged by Schlumberger on March 18th. Drilling results and log in... (6 KB)
April 26, 2007
Bellhaven Copper & Gold Trenches Return Significant Gold, Copper and Silver Mineralization from the Cerro Chorcha Porphyry Copper Project in Panama

Panama City, Panama - April 26, 2007. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) is pleased to report on behalf of itself and Joint Venture partner Empire Minerals Corp. (OTC: EMPL), assay results for gold, copper and silver from surface trenches located over the center of the Cerro Chorcha porphyry copper deposit in the western highlands of Panama. These results provide a complete update on the partial results reported previously by Bellhaven. The combined trench results to dat... (6 KB)
April 24, 2007
Bellhaven Copper & Gold Establishes Colombian Subsidiary

Panama City, Panamá - April 24, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has established a Colombian subsidiary entitled, "Aurum Exploration, Inc. (Colombia)." The establishment of the Colombian subsidiary is the next step in Bellhaven's evaluation of four highly prospective gold and copper projects located within the Republic of Colombia. These initial properties, all at various stages of development, r... (4 KB)
April 18, 2007
Bellhaven Copper & Gold Completes 2005-2006 Exploration at Its Wholly Owned Azuero Property Package, Identifies Drill Targets

Panama City, Panamá -- April 18, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has completed a two year (2005-2006) exploration program within one concession and six applications covering a nearly contiguous area of approximately 57,118 hectares. These highly prospective properties located on the Azuero Peninsula represent the potential to host a gold district of considerable size within a similar geologic setting to that w... (6 KB)
April 18, 2007
Canadian Stocks Stall; Energy, Gold Shares Fall; Banks Advance

By Allen Wan and Eric Martin April 18 (Bloomberg) -- Canadian stocks stalled for a second day, as gains for financial and industrial companies were offset by a decline in energy and gold producers. Suncor Energy Inc. paced a decline for energy companies as oil prices fell. Canadian National Railway Co. led industrial companies higher after a labor union representing striking workers said the government was siding with the railroad. Research In Motion Ltd. rebounded after it said it restore... (4 KB)
April 18, 2007
Dollar Trades Near Record Low Against Euro on Growth, Inflation

By Min Zeng and Bo Nielsen April 18 (Bloomberg) -- The dollar traded within a cent of its record low against the euro on speculation slower U.S. inflation and growth dimmed the allure of the currency among international investors. The U.S. currency also touched the lowest against the pound in more than 25 years after the minutes of the Bank of England's April 5 meeting showed two policy makers voted to raise borrowing costs. The yen rallied as investors reduced holdings in higher- yielding... (5 KB)
April 18, 2007
Gold, Silver Rise on Demand for Hedge Against Slumping Dollar

By Pham-Duy Nguyen April 18 (Bloomberg) -- Gold prices rose on demand for a hedge against further declines in the dollar, which slid to a two-year low against the euro. Spot silver also climbed. The price of gold has gained 8.4 percent this year, while the euro gained 2.9 percent against the dollar. The U.S. currency dropped to the lowest against the euro since December 2004. Gold generally moves counter to the dollar. ''The long position in gold is hedging against weakness in the dolla... (3 KB)
April 17, 2007
eReasearch Initiates Coverage on Bellhaven Copper & Gold with a "Speculative Buy" Rating and Target Price of CA$1.10

Panama City, Panamá -- April 17, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that eResearch analysts, Nigel Heath CFA and Bob Weir CFA, have written an Initiating Report on Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) in which they recommended Bellhaven as a "speculative buy" with a share target price of CA$1.10. Bellhaven is a Panama-based mineral exploration and development company that is engaged in the acquisition and... (3 KB)
April 16, 2007
Silver Standard and Esperanza Report Further San Luis High-Grade Drill Results

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 16, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) and Esperanza Silver Corporation (CDNX:EPZ.V - News)(Other OTC:ESPZF.PK - News) are pleased to announce results of ongoing diamond drilling at the San Luis high-grade gold and silver joint venture property in central Peru. Continued High Grade on Ayelen Vein Drilling on the Ayelen Vein has extended the drill-tested strike length to 550 meters and its dept... (10 KB)
April 16, 2007
eResearch Issues Initiating Report on Bellhaven Copper & Gold Inc.

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - eResearch analysts, Nigel Heath CFA and Bob Weir CFA, have written an Initiating Report on Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV). Bellhaven is a Panama-based mineral exploration and development company that is engaged in the acquisition and exploration of copper and gold properties in the Republic of Panama. The report's Highlights state the following: - Bellhaven's prime property is Cerro Chorcha, a significant, porphyry copper d... (3 KB)
April 11, 2007
Crude Oil Rises Above $62 in New York as Gasoline Supply Drops

By Eduard Gismatullin April 11 (Bloomberg) - Crude oil rose in New York on speculation U.S. stockpiles of gasoline fell for a ninth week. Gasoline futures are trading near an eight-month high after a spate of refinery closings slowed efforts to stockpile fuel for the coming summer. A report today will probably show U.S. supplies fell 1.4 million barrels last week, according to a Bloomberg News survey of analysts, while oil stockpiles grew as refinery demand declined. "Questions remain a... (5 KB)
April 11, 2007
Gold Prices Rise on Demand for Inflation Hedge; Silver Gains

By Pham-Duy Nguyen April 11 (Bloomberg) - Gold in New York rose for the second day in a row, extending a rally to a six-week high, on speculation rising commodity prices will boost the appeal of the precious metal as an inflation hedge. Silver also gained. The UBS Bloomberg CMCI index of 28 commodities, including energy, metals, grains and livestock, has climbed for four weeks in a row. Gasoline prices reached an eight-month high last week, and nickel and lead are near record highs. Invest... (2 KB)
April 11, 2007
Copper Rises to 7-Month High on Falling Supplies, China Demand

By Chanyaporn Chanjaroen and Brett Foley April 11 (Bloomberg) - Copper rose to a seven-month high in London as dwindling stockpiles stoked speculation that production will lag behind demand from China, the world's largest user of the metal. Inventories of the metal monitored by the London Metal Exchange dropped for a third consecutive session, falling 2,100 metric tons, or 1.2 percent, to 175,500 tons, the exchange said today in a daily report. Stockpiles have declined 4 percent this year ... (3 KB)
April 11, 2007
Keegan Identifies Large IP Anomalies at Asumura Gold Project

Keegan is pleased to announce that it has completed an Induced Polarization (IP) program over the entire 16 kilometer strike length of the Bia Fault target area at the Asumura project that has defined at least two anomalies of major regional significance. In August 2006 aeromagnetic data obtained by Keegan for the western Sefwi-Bibiani Belt (the Belt) revealed the Bia Fault target area, a large northeast trending aeromagnetic break continuous with the major regional fault structure hosting Newmo... (5 KB)
April 10, 2007
New Dimension Completes Initial Sampling Program at Maki Gold-Silver Project, Peru

Assay Results include 1.0 metre New Dimension Resources Ltd. (TSXV:NDR) is pleased to announce the results of an initial hand-trenching program over portions of its Maki gold-silver project located in the Central Andes of Peru, 70 kilometres west of the city of Cusco. This sampling program together with previous exploration activity has identified a minimum of four target zones associated with the two kilometre long Maki Vein system. Permit applications for a Phase I drill pr... (5 KB)
April 10, 2007
Silver Standard Resources Inc.: Total Pitarrilla Silver Resources Increase by 28%

VANCOUVER, BRITISH COLUMBIA - (CCNMatthews - April 10, 2007) - Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) is pleased to report that project resources have increased significantly at its wholly-owned Pitarrilla silver project located in the state of Durango, Mexico. The increased resource is now comprised of measured and indicated silver resources totalling 350.4 million ounces, an increase of 50% or 116.1 million ounces, and inferred silver resources of 193.6 million ounces, up slight... (11 KB)
April 09, 2007
Bellhaven's Joint Venture Partner Western Troy Capital Initiates $3,000,000 Financing to Fund Exploration at Lake Macleod, Quebec and Viento Frio, Panama

Panama City, Panamá - April 9, 2007. Bellhaven Copper and Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that Western Troy Capital Resources Inc. (TSX VENTURE:WRY) ("Western Troy") Bellhaven's joint venture partner on the Viento Frio property in Panama, has initiated a non-brokered private placement with Sprott Asset Management for $1,000,000 and with a public institutional investor for $2,000,000 for aggregate gross proceeds of $3,000,000 through the... (3 KB)
April 05, 2007
Copper Rises to 5-Month High as Inventories Fall for 8th Week

By Chanyaporn Chanjaroen and Halia Pavliva April 5 (Bloomberg) -- Copper prices in New York rose to a five-month high after inventories of the metal used in pipes and wires fell for the eighth straight week. Prices headed for their sixth consecutive weekly gain, the longest rally since May. Traders shrugged off a government report yesterday showing that service industries in the U.S., the second-biggest copper consumer, grew at the slowest pace in four years in March. ''For now, althoug... (3 KB)
April 05, 2007
Gold, Silver Futures Climb on Demand for Dollar Alternative

By Pham-Duy Nguyen April 5 (Bloomberg) -- Gold rose, heading for the fifth straight weekly gain, as a decline in the U.S. dollar boosted the appeal of the precious metal as an alternative investment. Silver also rose. Gold generally moves in the opposite direction of the dollar, which traded at the lowest in two years against the euro on speculation that U.S. economic growth will slow this year. Before today, gold had climbed 16 percent in the past year, while the dollar had fallen 8.3 per... (3 KB)
April 03, 2007
Copper Jumps to 5-Month High on Lower Inventories, Peru Strike

By Millie Munshi and Halia Pavliva April 3 (Bloomberg) -- Copper prices in New York jumped more than 4 percent to the highest in five months as falling stockpiles and potential supply disruptions raised speculation that mine output may lag behind demand, especially from China. Inventories monitored by the London Metal Exchange dropped 1,225 metric tons, or 0.7 percent, to 179,850 tons today. In Peru, workers went on strike yesterday at a smelter owned by Doe Run Resources Corp. China's dem... (7 KB)
April 03, 2007
Oil Plunges as Blair Calls for Talks to End Iran-U.K. Dispute

By Mark Shenk April 3 (Bloomberg) -- Crude oil fell the most in more than three weeks after Prime Minister Tony Blair said the U.K. will try to negotiate with Iran over the release of 15 captive British naval personnel, easing concern that shipments will be disrupted. The next 48 hours will be ''fairly critical'' in the talks, Blair said today in Glasgow after Iranian President Mahmoud Ahmadinejad postponed a press conference until tomorrow. Prices have surged since Iran, which holds the w... (6 KB)
April 03, 2007
Keegan Resources Inc.: Exploration Core Drilling Program Significantly Expands Resource Potential at Esaase Gold Project

Tuesday April 3, 8:30 am ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 3, 2007 -- Keegan Resources Inc. (CDNX:KGN.V - News) - Keegan is pleased to release the results of two exploratory core holes drilled 120 and 270 meters west of reverse circulation (RC) hole 27, which is the furthest southern and western of Keegan's assayed RC holes (see February 27 news release and new drill plan map at www.keeganresources.com). Both holes were drilled in an eastern direction, core hole 31 is loca... (4 KB)
April 03, 2007
Newmont pollution trial verdict postponed to April 24

MANADO, Indonesia, April 3 (Reuters) - An Indonesian court verdict in a high-profile pollution trial involving Newmont Mining Corp (NEM.N: Quote, Profile , Research) has been postponed to April 24, the judge trying the case said on Tuesday. Newmont unit PT Newmont Minahasa Raya, which once operated in North Sulawesi province, and its president director Richard Ness face criminal charges over allegations the company dumped toxic substances into a bay near its now defunct gold mine, making vill... (2 KB)
April 02, 2007
Copper Prices Fall as Inventories Rise the Most in 2 Months

By Halia Pavliva April 2 (Bloomberg) -- Copper prices fell for the first time in four sessions in New York as stockpiles monitored by the London Metal Exchange rose the most in two months. Inventories checked daily by the exchange rose 1.7 percent today to 181,075 tons, the biggest jump since Feb. 2. Stockpiles of the metal used in wires and pipe have fallen for seven straight weeks, the longest decline since July 2005. ''Copper is being weighed down by a 3,000 metric tons stock increas... (2 KB)
April 02, 2007
Gold May Climb for Fifth Week on Demand for Inflation Hedge

By Choy Leng Yeong April 2 (Bloomberg) -- Gold may rise for the fifth week in a row on speculation that climbing energy costs will boost the appeal of the precious metal as a hedge against inflation. Seventeen of the 25 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on March 29 and March 30 advised buying gold, which rose 1.8 percent to $669 an ounce last week on the Comex division of the New York Mercantile Exchange. Five said to sell, and three were neutral.... (1 KB)
April 02, 2007
Nickel Pares Gains After Vale, Union Reach Pact to End Strike

By Chanyaporn Chanjaroen April 2 (Bloomberg) -- Nickel pared gains after Cia. Vale do Rio Doce, the world's second-largest nickel producer, reached a ''tentative'' agreement with support workers at its Sudbury unit in Canada to end a strike. Vale workers represented by the United Steelworkers of America agreed to a new labor contract with the company in talks overnight, Wayne Fraser, director of the Ontario division of the union said, said today. The nickel operations in Sudbury are runnin... (3 KB)
March 30, 2007
Canadian Stocks Slide on Crude Oil, Cognos Earnings Forecast

By John Kipphoff March 30 (Bloomberg) -- Canadian stocks fell, led by energy producers including EnCana Corp., as an eight-day rally in crude oil prices to near a six-month high, on tensions in the Middle East, stalled. Cognos Inc. paced declines among technology stocks after forecasting profit for the quarter that fell short of analysts' estimates. ''The market is stretched right now,'' said Michael Sprung, president of Sprung & Co. Investment Counsel in Toronto. ''Oil should be a sour... (3 KB)
March 30, 2007
Copper May Advance Next Week on Chinese Demand, Survey Says

By Chanyaporn Chanjaroen March 30 (Bloomberg) -- Copper may rise next week on speculation that demand from China, the world's largest consumer of the metal used in wires and pipes, will increase in 2007. Seven of 15 people surveyed yesterday and March 28 forecast copper will rise next week. Five expected a decline and three were neutral. Copper for delivery in three months on the London Metal Exchange has gained 1.5 percent this week. The contract has risen 26 percent in the past 12 months... (1 KB)
March 30, 2007
Copper Prices Head for Biggest Monthly Increase Since April

By Halia Pavliva March 30 (Bloomberg) -- Copper prices rose in New York, heading for the biggest monthly gain since April, as stockpiles of the metal used in pipe and wires dwindled. Inventories monitored by London Metal Exchange fell for 14 percent in March, the most since June. Supplies dropped 1.8 percent last month and surging 80 percent in the previous four months. Estimates of rising demand in China helped underpin prices, analysts said. ''We are off to a higher start, with an 1,8... (2 KB)
March 29, 2007
U.S. Stocks Rise on GDP, Jobless Claims; JPMorgan, Banks Gain

By Michael Patterson March 29 (Bloomberg) -- U.S. banks carried stocks to their biggest gain in a week after jobless claims unexpectedly fell, inflation eased and the economy grew more than economists had forecast. JPMorgan Chase & Co. and Citigroup Inc. led the Dow Jones Industrial Average to its first advance this week and financial shares contributed the most to the Standard & Poor's 500 Index's rise. Energy companies rallied, pushing Exxon Mobil Corp. to the highest this year, after oi... (7 KB)
March 29, 2007
Canada Dollar Gains as Crude Oil Climbs to a Six-Month High

By Haris Anwar March 29 (Bloomberg) -- Canada's dollar gained as crude oil prices climbed to a six-month high on worries that that a dispute could linger between Iran and the U.K. over the capture of British service personnel. Commodities, such as crude oil and natural gas, account for 54 percent of Canada's exports. The currency got an early boost from a newspaper report that Kohlberg Kravis Roberts & Co. is considering a buyout of BCE Inc., owner of Bell Canada. BCE later said there are ... (4 KB)
March 29, 2007
Copper Prices Rise on Speculation Producers Won't Meet Demand

By Halia Pavliva and Millie Munshi March 29 (Bloomberg) -- Copper prices rose in New York for the third time in four days on expectations that miners will struggle to keep up with strengthening demand for the metal. Inventories monitored daily by the London Metal Exchange are headed for their seventh straight weekly drop, the longest string of such declines since July 2005. Prices have risen 25 percent in the past year as mine accidents and labor disputes curbed supplies during a time of r... (4 KB)
March 29, 2007
Gold Falls as Signals of U.S. Economic Growth Boost Dollar

By Pham-Duy Nguyen March 29 (Bloomberg) -- Gold tumbled from a one-month high after government reports signaled growth in the U.S. economy, strengthening the dollar and eroding the appeal of the precious metal as an alternative investment. Before today, gold rose 5.5 percent this year, while the dollar declined 0.7 percent against a basket of six major currencies. The dollar pared losses against the euro and gained against the yen after initial jobless claims unexpectedly fell last week an... (3 KB)
March 29, 2007
Crude Oil Jumps Above $66 as Iran Dispute Boosts Supply Concern

By Mark Shenk March 29 (Bloomberg) -- Crude oil rose above $66 a barrel in New York, closing at a six-month high, on concern that Iran's capture of 15 British sailors and marines increases the likelihood of a disruption of shipments from the Persian Gulf. Iran, the world's fourth-biggest oil producer, won't release the only woman being held, a government official indicated today. Iran's foreign minister had said earlier she might be freed. Prearranged orders to buy futures at specific pric... (5 KB)
March 29, 2007
Radial Energy Announces Expected Spud Date on the Huaya 100 - 2X Well

Thursday March 29, 9:00 am ET HOUSTON, TX--(MARKET WIRE)--Mar 29, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") is pleased to announce that preparations are underway to spud the Huaya 100-2X well by April 20th. The drilling rig and ancillary equipment is currently in transit from the recently drilled Huaya 100-1X site to the Huaya 100 - 2X site. Further, the 9-5/8ths inch and 8-1/2 inch casing required to drill and complete the 100 - 2X well has arrived in ... (2 KB)
March 28, 2007
Canadian Stocks May Rise, Led by Oil Producers, Bombardier

By John Kipphoff March 28 (Bloomberg) - Canadian stocks may rise, led by energy companies including Canadian Oil Sands Trust, after oil prices surged on concern that supply will be disrupted by a dispute over Iran's capture of British servicemen. Shares of Bombardier Inc. may advance after its earnings exceeded analysts' estimates. Gains in the Standard & Poor's/TSX Composite Index, may be limited by lingering concerns that the economy is slowing in the U.S., Canada's biggest trading partn... (6 KB)
March 28, 2007
U.S. Stocks Fall After Oil Gain, Durable Goods; Wal-Mart Drops

By Michael Patterson March 28 (Bloomberg) - U.S. stocks fell after crude oil climbed for a seventh day and orders for durable goods rebounded less than economists expected. Wal-Mart Stores Inc. and Boeing Co. led the Dow Jones Industrial Average lower as oil futures rose on concern a dispute over Iran's capture of British servicemen will escalate, disrupting supplies from the Middle East. Homebuilders retreated after the FBI said it's investigating Beazer Homes USA Inc. for potential fraud... (5 KB)
March 28, 2007
Canada Dollar Falls as Iran Dispute Hurts Commodity Currencies

By Haris Anwar March 28 (Bloomberg) - Canada's dollar fell as investors avoided commodity-linked currencies amid increasing tension between Iran and U.K. in the Persian Gulf. The currency, along with the New Zealand and Australian dollars, fell on speculation a dispute over Iran's capture of British servicemen would escalate and crimp demand for the countries' commodity exports. "People are avoiding risk and moving to safe-haven currencies," said Adam Cole, senior currency strategist at... (2 KB)
March 28, 2007
Dollar Weakens as Durable-Goods Orders Rise Less Than Forecast

By Bo Nielsen and Min Zeng March 28 (Bloomberg) - The dollar extended its drop against the yen after a government report showed orders for U.S.-made durable goods rose last month less than economists forecast, increasing the likelihood of a cut in borrowing costs. Federal Reserve Chairman Ben Bernanke testifies today before a congressional committee, giving his first comments on the U.S. economy since the central bank surprised investors by removing its bias toward higher interest rates. ... (2 KB)
March 28, 2007
Nickel Rises for Third Day as Stainless-Steel Production Grows

By Chanyaporn Chanjaroen and Brett Foley March 28 (Bloomberg) -- Nickel rose for a third consecutive day in London on speculation that growth in stainless-steel production, which consumes about 75 percent of the world's nickel, will fuel a squeeze on supplies. Stainless-steel output increased 17 percent last year, the Brussels-based International Stainless Steel Forum said on March 26. Nickel demand is exceeding production from mines and forcing consumers to turn to stockpiles. Inventories... (4 KB)
March 28, 2007
Copper Prices Rise as Global Inventories Continue to Dwindle

By Halia Pavliva March 28 (Bloomberg) - Copper prices rose in New York as global inventories of the metal headed for the biggest monthly drop since June. Stockpiles monitored by the London Metal Exchange fell 0.7 percent today to 179,225 metric tons, the lowest since Dec. 28. Supplies have declined 14 percent this month, and prices have climbed 12 percent. Goldman Sachs JBWere Pty., the Australian affiliate of Goldman Sachs Group Inc., and Deutsche Bank AG raised price estimates on growing... (2 KB)
March 28, 2007
Gold Gains to Three-Week High on Iran Pressure; Silver Rises

By Claudia Carpenter March 28 (Bloomberg) - Gold rose to a three-week high as the U.K. increased diplomatic pressure on Iran over the seizure of 15 sailors and marines, spurring demand for the precious metal as a haven. Silver gained. Bullion has advanced 1.5 percent this week, boosted also by investors who bought the metal as a hedge against inflation because of rising crude-oil prices. Demand for gold in the Lyxor Gold Bullion Securities fund on the London Stock Exchange has climbed 1 pe... (2 KB)
March 27, 2007
Newmont's Prospects Not So Golden

R.M. Schneiderman, 03.27.07, 5:05 PM ET Shares of Newmont Mining were down 2.2% in Tuesday trading, after HSBC Global Research downgraded the gold miner to "neutral" from "overweight," citing rising costs and weak production growth. Victor Flores, an analyst for the research firm, said that initially, the company's less-than-stellar performance appeared to be caused by competition from the new exchange-traded gold trusts. Increasingly, however, the analyst said it appears that the marke... (2 KB)
March 27, 2007
Newmont Mining Falls on HSBC Downgrade

Tuesday March 27, 4:14 pm ET Newmont Mining Ends Lower, HSBC Downgrades on Lower Production and Higher Costs NEW YORK (AP) -- Shares of Newmont Mining Corp. fell Tuesday as an HSBC Global Research analyst cut his rating on the company, concerned about production declines ahead and few growth drivers on the horizon. Newmont gave up $1.01, or 2.3 percent, to close at $42.72 on the New York Stock Exchange. The stock has traded between $39.84 and $59.70 in the past 52 weeks and is down about ... (2 KB)
March 27, 2007
Gold Futures Edge Ahead

By Simon Constable TheStreet.com Staff Reporter 3/27/2007 12:36 PM EDT Gold prices were moving slightly higher Tuesday after worse-than-expected consumer sentiment data. April-dated bullion contracts were edging up 20 cents at $664.10 an ounce on the Comex division of the New York Mercantile Exchange. The bullion exchange-traded funds, iShares Comex Gold Trust (IAU - Cramer's Take - Stockpickr - Rating) and streetTracks Gold Shares (GLD - Cramer's Take - Stockpickr - Rating), were up ... (4 KB)
March 27, 2007
Radius Begins Underground Exploration at Tambor

Simon Ridgway, the President of Radius Gold ("Radius"), is pleased to announce that on March 10th, underground work started on the Guapinol zone of the Tambor gold project in Guatemala. The main objective of the underground work is to expose high grade quartz-gold mineralization that was intersected in drilling in 2003. A map and cross section of the planned tunnel, and several photos showing the location and the progress to date will be posted shortly on the Radius Gold website at www.radiusgol... (4 KB)
March 26, 2007
Coastport Capital Inc.: Investor Relations Agreement

VANCOUVER (March 26, 2007) - David Patterson, President of Coastport Capital Inc., announces that the Company has engaged Downshire Capital Inc. ("Downshire") of Montreal, Quebec, to provide investor relations services to the Company. The Company has agreed to pay Downshire $7,500 per month, for an initial term of 6 months. The agreement is subject to the approval of the TSX Venture Exchange. The principal of Downshire is Dave Herbert. The Company has granted 400,000 incentive stock op... (2 KB)
March 22, 2007
Silver May Average $13.65 This Year on Demand, CPM Group Says

By Thomas Kutty Abraham March 22 (Bloomberg) -- Silver prices may average $13.65 an ounce this year because of growing investment demand and reduced supply of the metal from the central banks, New York-based researcher CPM Group said. Silver will probably trade in a range of $10 to $20 an ounce in the remaining nine months of this year, CPM Managing Director Jeffrey M. Christian told reporters in Mumbai today. Silver averaged $11.6 an ounce in 2006 and has gained 4.6 percent so far this ye... (3 KB)
March 22, 2007
Gold Rises as Energy Costs Spur Demand for Inflation Hedge

By Claudia Carpenter and Pham-Duy Nguyen March 22 (Bloomberg) -- Gold prices climbed for the sixth session in a row, the longest rally since late September, on speculation higher energy costs will buoy investor demand for the metal as a hedge against inflation. Before today, gold has gained 3.5 percent this year, partly because crude oil increased in February for the first time in three months, sending U.S. consumer prices higher. Gold and oil have more than doubled in the past five years.... (4 KB)
March 22, 2007
Nickel Snaps 3-Day Drop as Supply Remains Tight; Copper Gains

By Chanyaporn Chanjaroen March 22 (Bloomberg) -- Nickel snapped three days of declines in London on speculation that stockpiles of the metal haven't gained enough to offset the impact of possible disruption to supplies. Copper rose on higher Chinese imports. Inventories of nickel tracked by the London Metal Exchange gained 12 metric tons to 4,314 tons, the LME said today in a daily report. That's less than two days of global usage. Demand exceeded supplies by 7,000 tons in January, the War... (3 KB)
March 22, 2007
Crude Oil Rises as U.S. Refineries Increase Gasoline Output

By Mark Shenk March 22 (Bloomberg) -- Crude oil rose above $61 a barrel in New York on speculation that demand will jump as U.S. refiners increase output in preparation for the summer driving season. U.S. refineries operated at 86.3 percent of capacity last week, the highest since the week ended Feb. 9, according to an Energy Department report yesterday. Gasoline supplies fell for a sixth straight week, the report showed. The profit margin, or ''crack'' spread, for turning crude oil into g... (4 KB)
March 22, 2007
US gold rises 1 pct on firmer oil, post-Fed buying

NEW YORK, March 22 (Reuters) - Firmer oil and renewed buying after the Federal Reserve distanced itself from future rate hikes lifted gold futures 1 percent early Thursday, but traders warned investors could lock in profits ahead of the contract's first notice day next week. At 10:33 a.m. EDT (1433 GMT), most-active gold futures for April delivery <GCJ7> on the COMEX division of the New York Mercantile Exchange were up $6.30 at $666.30 an ounce. They traded between $663.50 and $667.60--a thre... (4 KB)
March 17, 2007
Verdict Expected in Newmont Trial

Prosecutors Confident Indonesian Court Will Find Newmont Mining Guilty of Polluting Bay JAKARTA, Indonesia (AP) -- Indonesian prosecutors are confident a court will find a local subsidiary of Newmont Mining Corp. and a top executive guilty of polluting a bay with toxic chemicals when judges announce their verdict next month, a prosecutor said Saturday. The U.S. gold-mining giant, however, said prosecutors had failed to prove their allegations, and no environmental harm was ever done by New... (3 KB)
March 16, 2007
Copper Falls on Profit-Taking After Biggest Gain in 8 Months

By Halia Pavliva March 16 (Bloomberg) -- Copper prices fell in New York as some investors took profits after the metal rose the most in eight months yesterday. Copper is still heading for its fifth weekly gain in six weeks. Copper rose 5.7 percent yesterday, the biggest gain for a most-active contract since July 6. Before today, prices had rallied 25 percent from a 2007 low of $2.385 a pound on Feb. 2. ''There is some profit-taking after a rise of value yesterday,'' said Roy Carson, a L... (3 KB)
March 16, 2007
Gold Gains in London as Dollar's Slide Boosts Metal's Appeal

By Danielle Rossingh March 16 (Bloomberg) -- Gold gained in London for a third consecutive day as the dollar slid to the lowest against the euro this year, boosting the metal's appeal as an alternative investment. The dollar declined as a U.S. report today will probably show confidence among consumers dropped to the lowest in six months, raising concern economic growth in the world's biggest economy will slow. Gold and the dollar typically trade in opposite directions. Bullion surged 23 pe... (2 KB)
March 16, 2007
Oil Rises Because of Robust U.S. Fuel Demand, Falling Supplies

By Mark Shenk March 16 (Bloomberg) -- Crude oil rose because U.S. fuel inventories plunged over the past month as demand increased in the world's biggest energy consumer. U.S. gasoline supplies slipped 13.28 million barrels, or 5.8 percent, to 213.9 million barrels in the past five weeks, an Energy Department report on March 14 showed. U.S. gasoline use over the past four weeks has averaged 9.17 million barrels a day, 2.8 percent higher than a year earlier. Signs that the United Nations wi... (3 KB)
March 16, 2007
Nickel Heads for Biggest Weekly Gain in Three Months on Supply

By Chanyaporn Chanjaroen and Brett Foley March 16 (Bloomberg) -- Nickel headed for its biggest weekly gain in more than three months in London, as investment funds bought the stainless-steel ingredient on speculation shrinking stockpiles indicate supply is falling short of demand. Inventories tracked by the London Metal Exchange dropped 0.8 percent to 3,564 metric tons, the exchange said today in a daily report. Stockpiles have declined 89 percent in the past 12 months and are equal to les... (3 KB)
March 15, 2007
Barrick Gold may bid for Newmon

NEW YORK, March 15 (Reuters) - Canada's Barrick Gold Corp. (ABX.TO: Quote, Profile , Research), the world's biggest gold miner, may bid for No. 2 Newmont Mining Corp. (NEM.N: Quote, Profile , Research), BusinessWeek reported in its March 26 edition. Citing "some pros," the magazine said Barrick would go after Newmont for its proven and probable reserves of about 95 million ounces of gold. A deal would likely value Newmont in the "mid 50s," BusinessWeek said, citing pros. Newmont closed ... (1 KB)
March 15, 2007
Northair Increases Land Position at El Reventon-Sample Values to 829 g/t Silver

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - International Northair Mines Ltd. (TSX VENTURE:INM - News) announces that the Company has staked an additional concession at the El Reventon Project, located in the state of Durango, Mexico. The concession was acquired to cover recently discovered additional zones of mineralization and abundant large historic mine workings, immediately west of the original concessions. Five reconnaissance grab/chip samples taken from altered diorite i... (3 KB)
March 14, 2007
Oil Is Steady as Crude Supplies Climb, Fuel Stockpiles Decline

By Mark Shenk March 14 (Bloomberg) -- Crude oil was little changed after an Energy Department report showed that U.S. oil inventories rose last week as gasoline stockpiles fell. Crude-oil supplies climbed 1.18 million barrels to 325.3 million barrels last week, the report showed. Gasoline supplies fell 2.49 million barrels to 213.9 million. A gasoline decline of 2.38 million barrels was expected, according to the median of 16 responses in a Bloomberg News survey before the report. Crude-oi... (2 KB)
March 14, 2007
Copper Prices Rebound on Speculation Demand in Asia to Climb

By Halia Pavliva and Millie Munshi March 14 (Bloomberg) -- Copper prices rose in New York, erasing early losses, on speculation demand from Asia will outpace dwindling inventories of the metal used in wires and pipes. Asia buys about 50 percent of the 17 million metric tons of copper sold annually, and China and India are the fastest- growing economies. Copper stockpiles monitored by the London Metal Exchange dropped 1 percent today to the lowest since Jan. 23. They have declined 8.5 perce... (3 KB)
March 14, 2007
Bellhaven Copper & Gold Signs Contract with Cabo Drilling for a 5,000 Meter Program at Cerro Chorcha and Rio Liri

Panama City, Panamá -- March 14, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a contract with Cabo Drilling Corp. (TSX-V: CBE)(Cabo) of Vancouver to undertake a 5,000 meter drill program at Bellhaven's Cerro Chorcha and Rio Liri properties located in the Republic of Panama. A minimum drill program of 3,000 meters will be conducted at Cerro Chorcha, with 2,000 meters to be conducted at Rio Liri. The prog... (5 KB)
March 13, 2007
Bringing it all back home Congo's the latest country striving to benefit more from natural resources

By Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- Like many developing countries seeking to gain more from their mineral wealth, the Democratic Republic of Congo has announced plans to review contracts with foreign mining companies to ensure they favor the African nation. A war-ravaged country endowed with vast reserves of copper, cobalt, gold, and diamonds, Congo is highly attractive to foreign mining companies, scrambling to find new supplies at a time when metals prices are soaring a... (9 KB)
March 12, 2007
Coastport Provides Shyri Update-Project Operator Cornerstone Proposes a 15,000 Metre Drill Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 12, 2007) - Coastport Capital Inc. (TSX VENTURE:CPP - News; FRANKFURT:C1J - News) provides an update on exploration activities at the 454 km2 Shyri Project in Azuay Province, Ecuador. The project is being explored under a joint venture agreement with Cornerstone Capital Resources Inc. (TSX VENTURE:CGP - News) who is the operator of the field program in Ecuador. Cornerstone reports that the ongoing systematic exploration program at Shyri is foc... (16 KB)
March 07, 2007
Bellhaven Copper and Gold Signs Definitive Agreement with Empire Minerals Corp. for a 3-Year $21 Million Joint Venture on the Cerro Chorcha Copper Property in Panama.

Panama City, Panamá - March 7, 2007. Bellhaven Copper and Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a definitive Exploration and Development Agreement with Empire Minerals Corp. (OTC: EMPL) for collaboration on the highly-prospective Cerro Chorcha Copper Property in Panama. The agreement includes cash and stock payments to Bellhaven of USD$6 Million in addition to a USD$15 Million spending commitment over three years to develo... (5 KB)
March 06, 2007
Radial Energy, Inc. Signs MOU to Acquire 100% of Rancho Hermoso S.A.

HOUSTON, TX--(MARKET WIRE)--Mar 6, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") wishes to advise that Radial Energy Inc. along with 100% of the shareholders of Rancho Hermoso S.A. have signed a Memorandum of Understanding ("MOU") as a required step towards closing the acquisition of all Rancho Hermoso S.A. shares and assets. Rancho Hermoso is a recognized privately held Colombian corporation with an excellent operational record of accomplishment engaged in th... (6 KB)
March 05, 2007
Silver Standard Reports 2006 Year-End Results

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 5, 2007 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) today announced earnings of $16.4 million ($0.28 per share) for 2006 compared to a loss of $5.9 million ($0.11 per share) for 2005, an increase in working capital to $250.2 million in 2006 compared to $40.3 million in 2005, and no debt. Financial highlights in 2006 included: - A public offering of 7.2 million shares for net proceeds of $171.1 million; -... (10 KB)
March 05, 2007
New Dimension Acquires Significant Gold-Silver Project in Walker Lane District, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - New Dimension Resources Ltd. (TSX VENTURE: NDR.V) is pleased to report that it has acquired the GV3 gold-silver property located in Mineral County, approximately 21 kilometers northwest of Gabbs, Nevada. The GV3 property is situated within the eastern limits of the Walker Lane mineral belt, approximately midway between the past-producing Rawhide mine (reportedly 1.7 million ounces gold, 17 million ounces silver) and the Paradise Pea... (4 KB)
March 05, 2007
Condor Resources Inc.: Escudo Phase I Drill Program Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - Condor Resources Inc - ("Condor" or the "Company") (TSX VENTURE:CN - News) is pleased to announce results of the Phase I drilling program on its 100% owned Escudo property in northern Chile. The target at Escudo is a 'blind' or buried porphyry copper deposit beneath gravels, which has intruded into older sedimentary and volcanic rocks within Chile's prolific copper-producing West Fissure fault system, between BHPBilliton's Escondida... (5 KB)
March 05, 2007
Silver Standard Swings to Profit

WASHINGTON (AP) -- Canadian silver mining firm Silver Standard Resources Inc. said Monday it swung to a profit from last year. The Vancouver-based company, which operates silver mines in locations including Argentina, Peru and Mexico reported a profit of 16.3 million Canadian dollars ($14 million), or 28 Canadian cents (24 cents) per share for the year ended Dec. 31, from a loss of $5.9 million Canadian dollars ($5.1 million), or 11 Canadian cents (9 cents) per share in 2005. Shares of Sil... (1 KB)
March 02, 2007
Coastport Provides Update on La Plata Drilling, Ecuador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2007) - Coastport Capital Inc. (TSX VENTURE: CPP.V)(FRANKFURT:C1J) provides the following update on the La Plata Phase II drilling program. The work at La Plata is being conducted under a joint venture agreement with Cornerstone Capital Resources Inc. (TSXVENTURE: CGP)(FRANKFURT: GWN.F). To date in the Phase II drilling, a total of nine drillholes comprising 3,415 m of a proposed 8,000 m drill program at the La Mina, Guatuza and San Pablo t... (11 KB)
March 01, 2007
Peru's Buenaventura sees 37 cents 4th-qtr dividend

By Marco Aquino LIMA, March 1 (Reuters) - Buenaventura (BUEv.LM: Quote, Profile , Research) (BVN.N: Quote, Profile , Research), the largest precious metals producer in Peru, posted a 19 percent fall in quarterly profit as its gold output fell. Fourth-quarter net profit fell to $78.8 million from $96.7 million a year earlier, Buenaventura said in a statement posted late Wednesday night on the Web site of Peru's securities regulator. The company -- one of the few Peruvian companies traded... (2 KB)
March 01, 2007
Radial Energy Cancels Debenture -- Provides Update on Rancho Hermoso Acquisition Plans

HOUSTON, TX--(MARKET WIRE)--Mar 1, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") wishes to advise that Radial Energy Inc. (OTC BB:RENG.OB - News) and Cornell Capital Partners, LP have negotiated an agreement to pay out the $5,000,000 convertible debenture financing previously announced on October 5, 2006. This agreement is subject to a final definitive agreement to be completed by both parties. To date, Radial has received from Cornell $3.5 million of the $5.0... (5 KB)
February 28, 2007
Esperanza and Silver Standard Announce New San Luis High-Grade Drill Results

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 28, 2007 -- Esperanza Silver Corporation (CDNX:EPZ.V - News) and Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) are pleased to announce results of 15 additional drill holes, SL06-26 to -28 and SL-001 to -012. The drill holes were completed in late 2006 and January, 2007 at their San Luis high-grade gold and silver joint-venture property in central Peru. Continued High Grade on Ayelen Vein Drilling on the Ayelen V... (14 KB)
February 27, 2007
Oil Is Steady After Touching Year's High Over U.S. Fuel Supply

By Mark Shenk Feb. 27 (Bloomberg) -- Crude oil was little changed after rising to this year's high on speculation U.S. fuel inventories declined because refineries are repairing units. Gasoline supplies fell 1.53 million barrels in the week ended Feb. 23, according to the median of forecasts by 14 analysts before an Energy Department report tomorrow. Stockpiles of distillate fuel, including heating oil and diesel, fell 2.75 million barrels. In February and March refiners perform maintenanc... (2 KB)
February 27, 2007
Copper Declines on Concern Demand to Weaken in U.S., China

By Halia Pavliva Feb. 27 (Bloomberg) -- Copper prices fell in New York, snapping a four-session rally, on speculation demand may weaken in the U.S. and China, the world's two biggest consumers of the metal used to make pipes and wires. Share prices in China today plunged the most in 10 years on concern that a government crackdown on investments with borrowed money will end a rally that drove benchmarks to records. Orders placed with U.S. factories for durable goods fell more than forecast ... (2 KB)
February 27, 2007
Cabo Announces 2nd Quarter Fiscal 2007 Results

Tuesday February 27, 9:00 am ET NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 27, 2007) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reports results for its fiscal year 2007 second quarter ended December 31, 2006. 2ND QUARTER HIGHLIGHTS ------------------------------------------------------------------------ (CDN $000s, except 3 months 3 months 6 months 6 months earnings per share) ending endi... (2 KB)
February 27, 2007
Keegan Resources Inc.: Resource Drilling Program Continues to Identify High Gold Grades at Esaase Gold Project

Tuesday February 27, 8:30 am ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 27, 2007 -- Keegan Resources Inc. (CDNX:KGN.V - News) - Keegan is pleased to release the results of 24 additional holes from the saprolite resource definition program at Esaase. The total area covered now is approximately 780 meters along strike by 300 meters width, (see www.keeganresources.com for a map showing drill hole locations and cross-sections). Significant intercepts were encountered in 23 of 24 holes ... (2 KB)
February 27, 2007
Gold Rises Amid Iran Tension

By Simon Constable Heightened worries about the possibility of escalating tensions between the U.S. and Iran kept gold prices firm Monday. Contracts for April delivery of gold were rising $2.70 to $689.40 an ounce on the Comex division of the New York Mercantile Exchange. The bullion exchange-traded funds that hold the metal were also gaining, with streetTracks Gold Shares (GLD - Cramer's Take - Stockpickr - Rating) and iShares Comex Gold Trust (IAU - Cramer's Take - Stockpickr - Rating... (2 KB)
February 22, 2007
Cabo Drilling Corp.: Shares of International Millennium Mining Corp. to Commence Trading

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 22, 2007) - Cabo Drilling Corp. ("Cabo") (TSX VENTURE:CBE - News) is pleased to announce that the common shares of International Millennium Mining Corp. ("IMMC") the company to which Cabo sold its mineral properties for 10,000,000 units, of which no less than 75% are redistributed to Cabo shareholders, will begin trading on the facility of the TSX Venture Exchange commencing at the opening February 27, 2007 under the trading symbol IMI (CUSI... (2 KB)
February 21, 2007
Crude Oil Rises on Signs U.S. Fuel Supplies Fell Last Week

By Mark Shenk Feb. 21 (Bloomberg) -- Crude oil rose on speculation that an Energy Department report tomorrow will show that U.S. fuel inventories declined. Stockpiles of distillate fuel, a category that includes heating oil and diesel, fell 2.9 million barrels in the week ended Feb. 16, according to the median of forecasts by 11 analysts surveyed by Bloomberg News. Gasoline inventories probably fell 200,000 barrels, the survey showed. Crude oil for April delivery rose 28 cents, or 0.5 p... (0 KB)
February 21, 2007
Copper Falls in New York as Lower Costs May Increase Production

By Millie Munshi Feb. 21 (Bloomberg) -- Copper prices in New York fell for a third session on speculation that lower energy costs will enable mining companies to further increase production. Crude oil fell for a second day in New York as warmer weather curbed the consumption of heating fuel. Copper, which sometimes moves in the same direction as energy prices, has fallen 10 percent this year while oil has fallen 4.4 percent. ''Fluctuations in energy markets have a huge market impact bec... (1 KB)
February 21, 2007
Keegan Resources Inc.: Resource Drilling Program Yields Higher Gold Grades at Esaase Gold Project

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 21, 2007 -- Keegan (CDNX:KGN.V - News) is pleased to release the results of its first 36 holes from the saprolite resource definition program from Esaase. These holes cover an area approximately 400 meters along strike by 300 meters width, and to depths of 100-135 meters (see www.keeganresources.com for a map showing drill hole locations). Significant intercepts were encountered in 31 of 36 holes. Highlights include 31 meters of 8.28 g/t Au, 65 met... (2 KB)
February 21, 2007
Bellhaven Copper & Gold Reports Additional Gold Mineralization From the Cerro Chorcha Porphyry Copper Deposit in Panama

Panama City, Panama -- February 21, 2007. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) is pleased to report additional, strongly anomalous, gold results for surface trenches located over the center of the Cerro Chorcha porphyry copper deposit in the western highlands of Panama. The trenches returned a combined 218 meters at an average grade of 0.88 g/t gold. These results continue to validate the presence of precious metal mineralization at Cerro Chorcha in addition to previously-reported ... (2 KB)
February 16, 2007
Keegan Closes $15,571,875 Non Brokered Private Placement

Announces Strategic Investment by Newmont VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 16, 2007 -- Keegan Resources Inc. (the "Company" or "Keegan") (CDNX:KGN.V - News) is pleased to announce that it has completed the recently announced financing (the "Offering") by placing 5,662,500 million Units at a price of Cdn. $2.75 per Unit to a number of accredited and institutional investors. Each Unit consists of one common share and one half of one non-transferable share purchase warrant entitli... (2 KB)
February 14, 2007
Bellhaven Copper and Gold Signs US$21 Million/3 Yr. Joint Venture Letter of Intent with a New York City Group to Acquire 65% Stake in Cerro Chorcha

Panama City, Panamá - February 14, 2007. Bellhaven Copper and Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed an exclusive Letter of Intent Agreement (LOI) with a New York City based group ("NYCBG") led by Mr. Pini Althaus. Under the terms of the proposed agreement, which is to be completed on or before March 15,2007, NYCBG will have the option to purchase 65% of the shares of Cuprum (a wholly owned subsidiary of Bellhaven Copper and ... (2 KB)
February 12, 2007
Bellhaven Signs Definitive Us$4.0 Million/5 Yr. JV Agreement With Western Troy Capital Resources For 70% Stake In Its Viento Frio Concession

Panama City, Panamá -- February 12, 2007. Bellhaven Copper and Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that Bellhaven, through its wholly owned subsidiary Aurum Exploration, Inc., has signed an Exploration and Development Agreement with Western Troy Capital Resources Inc. (Western Troy)(TSX Venture: WRY). According to the terms of the agreement, Western Troy will have the option to earn up to 70% interest in the Viento Frio Mineral Exploration Concess... (2 KB)
February 09, 2007
Shanghai Copper Stockpiles Rise 11 Percent on Increased Imports

By Xiaowei Li Feb. 9 (Bloomberg) -- Copper stockpiles in Shanghai Futures Exchange warehouses rose the first week in four amid speculation that China, the world's biggest consumer of the metal, may be stepping up imports to take advantage of cheaper overseas prices. Deliverable stockpiles of copper rose by 2,654 metric tons, or 11 percent, to 26,652 tons, based on a survey of five warehouses in Shanghai, the exchange said today on its Web site. China imported 101,344 metric tons of refined... (0 KB)
February 09, 2007
Gold Futures Climb to August Highs After Rally Attracts Buyers

By Pham-Duy Nguyen Feb. 9 (Bloomberg) -- Gold rose to the highest price since August in New York on speculation that a five-week rally will continue. Gold is heading for the fifth consecutive weekly gain after dropping 4.9 percent in the first week of the year. The metal is up 4.2 percent this year, outperforming commodities such as oil and copper. ''A lot of funds are jumping in and buying,'' said Walter Otstott, a senior commodity broker at Dallas Commodity Company Inc. in Dallas. ''I... (0 KB)
February 09, 2007
Copper Prices Rise on Supply Concerns at Peruvian Smelter

By Halia Pavliva and Millie Munshi Feb. 9 (Bloomberg) -- Copper prices rose in New York, snapping a two-day slide, on concern production in Peru might be reduced by a labor dispute. ''Talk of a possible strike at Southern Copper's Ilo smelter in southern Peru is boosting copper,'' Edward Meir, a commodities analyst at Man Financial Inc. in Darien, Connecticut, said in a report. Southern Copper Corp. is expected to enter new talks with a union at the smelter next week ahead of a strike d... (0 KB)
February 08, 2007
Radial Energy Announces Agreement to Acquire Colombian Producer Rancho Hermoso S.A.

HOUSTON, TX--(MARKET WIRE)--Feb 8, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) is pleased to announce that the Board of Directors of Rancho Hermoso S.A. has approved an offer from the Company to acquire 100% of the shares of Rancho Hermoso S.A. subject to approval by the pertinent Colombian authorities as may be legally required. Senior management of both companies will sign a formal Memorandum of Understanding next week in Houston, Texas. Rancho Hermoso S.A. is a privately held Colomb... (2 KB)
February 07, 2007
Newmont Declares Regular Quarterly Dividend

DENVER, Feb. 7 /PRNewswire-FirstCall/ -- The Board of Directors of Newmont Mining Corporation (NYSE: NEM - News) today declared a regular quarterly dividend of $0.10 per share, payable March 29, 2007 to holders of record at the close of business on March 7, 2007. In addition, Newmont Mining Corporation of Canada Limited (Toronto: NMC - News) today declared a regular quarterly dividend of Cdn $0.1185 per share on its exchangeable shares, payable on March 29, 2007 to holders of record at the cl... (0 KB)
February 07, 2007
Cabo to Drill Underground at Jersey Emerald for Sultan Minerals Inc.

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") Advanced Drilling Ltd. division has been awarded a contract to complete up to 14,000 feet of NQ-2 underground drilling at Sultan Minerals Inc.'s Jersey Emerald Property near Salmo, BC. The drill program is to commence in early February 2007. The Jersey-Emerald property is host to the historic Jersey Lead-Zinc Mine, British Columbia's second largest lead-zinc ... (1 KB)
February 07, 2007
Weak Dollar Boosts Gold

By Simon Constable Gold futures rallied Tuesday on a weaker dollar and renewed buying interest from hedge funds. April-dated bullion contracts added $2.60 to close at $658.70 an ounce on the Comex division of the Nymex. The PowerShares DB Gold (DGL - Cramer's Take - Stockpickr) exchange-traded fund, which tracks the futures market, was also moving higher, up 0.7%. The bullion ETFs, iShares Comex Gold Trust (IAU - Cramer's Take - Stockpickr - Rating) and streetTracks Gold Shares (GLD - C... (2 KB)
February 05, 2007
Oil Jumps, Approaching $60, as Cold Weather Increases Fuel Use

Feb. 5 (Bloomberg) -- Crude oil rose, approaching $60 a barrel in New York, as colder weather over most of the U.S. increased heating-fuel demand. The National Weather Service predicted that below-normal temperatures will persist through Feb. 18. A mild December in the northeastern U.S. slashed heating-fuel demand and helped push oil prices to a 20-month low of $49.90 on Jan. 18. A report will show that U.S. supplies of distillate fuel, a category that includes heating oil and diesel, fell, a... (2 KB)
February 05, 2007
Copper gained as much as $75, or 1.4 percent, to $5,420 a ton. The metal plunged 4.6 percent on Feb. 2 to the lowest intraday price since March 29.

Red Kite Losses Red Kite Metals, part of a $1 billion hedge fund run by RK Capital Management LLP, lost about 30 percent in January as metals prices tumbled, said two investors in the fund. The slump followed a 9.4 percent decline in copper last month, said one of the investors, who declined to be identified. Red Kite Management holds most of the aluminum inventories monitored by the LME, American Metal Market reported on Feb. 2, citing people it didn't name. Aluminum rose $15 to $2,735... (0 KB)
February 05, 2007
Zinc Gains in London on Speculation Declines Were Exaggerated

Feb. 5 (Bloomberg) -- Zinc gained in London, rebounding from the largest weekly drop in at least 17 years, on speculation price declines were exaggerated and demand will keep matching production. The metal, used to galvanize steel, more than doubled to a record last year amid rising demand from China. Prices on the London Metal Exchange slumped 15 percent last week as analysts including those at Barclays Capital cut 2007 price forecasts. ''The zinc market will remain relatively tight in th... (2 KB)
February 05, 2007
Gold Rebounds as Higher Energy Costs Spur Inflation Concern

Feb. 5 (Bloomberg) -- Gold prices rose in New York on speculation higher energy costs will boost the appeal of the precious metal as an inflation hedge. Gold sometimes moves in the same direction as the price of oil, which has almost tripled in the past five years. Gold reached a 26-year high of $732 an ounce in May, and oil climbed to a record in July. Oil has jumped more than $5 a barrel in a week. ''Gold has some spillover strength from crude oil,'' said Tom Hartmann, a commodity broker... (1 KB)
February 05, 2007
Copper Rises on Speculation Red Kite Loss Is Limited (Correct)

Feb. 5 (Bloomberg) -- Copper prices in New York rose from a 10-month low on speculation that losses by metals hedge fund Red Kite Management Ltd. will be limited. Copper fell to a 10-month low on Feb. 2 after the Wall Street Journal reported Red Kite had accumulated losses from wrong-way bets on metals. Red Kite, part of a $1 billion hedge fund run by RK Capital Management LLP, lost about 30 percent in January as metals prices tumbled, said two investors in the fund who declined to be identif... (1 KB)
February 02, 2007
Copa Airlines Signs Agreement With SkyTeam to Join Alliance as Associate Member

PANAMA CITY, Feb. 2 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA - News), today announced it has signed a formal agreement with the SkyTeam global airline alliance, confirming Copa is on track to join the alliance as an Associate member. The agreement is a formal step forward in Copa's ongoing membership process, which will culminate in the airline becoming an Associate member later this year. Today's signing marks Copa Airlines' entry into a very select g... (1 KB)
February 01, 2007
Radial Energy Management Announces Acquisition of Additional Interest in Huaya Block 100, Peru

HOUSTON, TX--(MARKET WIRE)--Feb 1, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) announces that Management has successfully negotiated for and obtained an additional 15% increase to its existing interest in the Huaya Block 100 project, increasing its participation from 20% to 23%. Radial will pay $450,000 for the additional participating interest. The new agreement provides terms and conditions that improve those of the original Joint Operating Agreement (JOA), in particular with respect... (2 KB)
January 29, 2007
Radial Energy Advises on Positive Progress in Peru and Pending Negotiations in Colombia

HOUSTON, TX--(MARKET WIRE)--Jan 29, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") reports from Peru with favorable news as regards the recommencement of drilling operations at the Company's Huaya 100-1X well located in eastern Peru's Ucayali Basin. Equipment manufacturer Atlas-Copco has advised the Company that the situation with the drill rig's power head has been identified and that a new and unused replacement gear assembly in excellent condition was locate... (2 KB)
January 25, 2007
Newmont Announces Fourth Quarter and Year-end Earnings Call

DENVER, Jan. 25 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM - News) announced it will report 2006 fourth quarter and year-end earnings, as well as 2006 reserves, on February 22, 2007. A conference call will be held that day at 4:00 p.m. Eastern Time (2:00 p.m. Mountain Time) that will be carried on the Company's web site. Conference Call Details Dial-In Number 210.795.2680 Leader Randy Engel Password Newmont Replay Number ... (2 KB)
January 25, 2007
<B>Keegan Arranges Non Brokered Private Placement for the Rapid Advancement of Esaase and Asumura Gold Projects</B>

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 25, 2007 -- Keegan Resources Inc. (the "Company") (TSX VENTURE:KGN.V - News) is pleased to announce that it has arranged, subject to necessary regulatory approvals, a non-brokered private placement of up to 4 million Units of the Company at a price of $2.75 per Unit for total proceeds of up to Cdn$11,000,000. Each Unit will consist of one common share and one half of a non-transferable share purchase warrant entitling the holder of each whole warra... (2 KB)
January 24, 2007
Silver Standard Resources Inc.: High-Grade Ayelen Vein Strike Length Extended to 1,400 Feet at San Luis

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 24, 2007 -- Esperanza Silver Corporation (TSX VENTURE:EPZ.V - News) and Silver Standard Resources Inc. (TSX:SSO.TO - News)(NASDAQ:SSRI - News) are pleased to announce results of drill holes 17 to 25 at their San Luis gold/silver joint venture in central Peru. All drill holes were completed in the Ayelen Vein before the Christmas break. Bonanza-Grade Mineralization Continues Along Strike and at Depth Drilling has extended the gold and silver m... (2 KB)
January 23, 2007
<B>Nickel Rises to Record in London for 5th Day on Supply Concern</B>

By Chanyaporn Chanjaroen Jan. 23 (Bloomberg) -- Nickel gained to a record for a fifth consecutive session in London on supply concern triggered by declining stockpiles and labor talks at Xstrata Plc's Sudbury unit in Canada. Tin advanced to the highest since at least 1989. In the past year, inventories of nickel tracked by the London Metal Exchange have plunged 86 percent to 5,064 metric tons, less than two days of global usage. Zug, Switzerland-based Xstrata has about a week to settle a l... (2 KB)
January 23, 2007
<B>Gold Climbs to Highest in Seven Weeks as Dollar Declines</B>

By Pham-Duy Nguyen Jan. 23 (Bloomberg) -- Gold prices in New York climbed to the highest in seven weeks as a declining dollar spurred demand for the metal as an alternative investment. Gold generally moves in the opposite direction of the dollar, which today fell against the euro and tumbled to the lowest since 1992 against the pound. Gold gained 23 percent last year as the dollar fell 7 percent against a basket of six major currencies. ''Dollar weakness is driving up the market,'' said... (2 KB)
January 23, 2007
<B>Copper Rises for 3rd Session on Signs of U.S., Chinese Demand</B>

By Halia Pavliva Jan. 23 (Bloomberg) -- Copper prices in New York rose for the third session in a row on signs of demand in China, the biggest consumer of the metal used in pipes and wires, and in the U.S., the second-largest. China's imports of copper and related products jumped 11 percent in December, marking the first year-on-year gain since October 2005. An index of leading U.S. economic indicators rose for the first time since September as job growth and rising stock prices pointed to... (1 KB)
January 22, 2007
<B>Radius Outlines Plans for its 2007 Exploration Programs</B>

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 22, 2007) - Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News) is pleased to provide an update on Radius's gold exploration programs in Central and South America. Radius has gold exploration programs in four Latin American countries: Nicaragua, Ecuador, Guatemala and Mexico and is preparing to carry out two drill programs in the first or second quarters of 2007. Nicaragua Natividad Meridian Gold Inc.... (2 KB)
January 18, 2007
<B>Cabo Awarded Drilling Contract by Cline Mining Corporation and Closes $3.25 Million Private Placements</B>

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that its Heath & Sherwood Drilling Inc. division of Kirkland Lake, Ontario has been awarded a second drilling contract by Cline Mining Corporation. The first contract was awarded to Heath & Sherwood in the fall of 2005 and consisted of drilling two, 1500 feet deep, strategically placed drill holes near the old mine site on the Cline Lake Gold property... (2 KB)
January 17, 2007
<B>Falling Dollar Props Up Gold</B>

Gold prices edged higher Wednesday as the dollar declined against other major currencies. Prices for bullion to be delivered in February added $7.40 close at $633.30 an ounce on the Comex division of the Nymex. The exchange-traded funds that hold inventories of gold bars also were moving ahead. iShares Comex Gold Trust (IAU - commentary - Cramer's Take - Rating) was up 0.8%, while streetTracks Gold Shares (GLD - commentary - Cramer's Take - Rating) was higher by 1.1% in recent action. S... (2 KB)
January 17, 2007
<B>Copa Holdings Announces 24.7% Traffic Growth for December 2006</B>

PANAMA CITY, Jan. 11 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA - News), and its Copa Airlines and AeroRepublica operating subsidiaries, today released preliminary passenger traffic statistics for December 2006: Copa Holdings (Consolidated) December December Change 2006 2005 (%) ASM (mm) (1) 654.4 553.0 18.3% RPM (mm) (2) 493.8 ... (2 KB)
January 16, 2007
<B>Radial Energy Reports on Completed Repairs and Projected Restart of Drilling at Peru Block 100 Oil Prospect</B>

HOUSTON, TX--(MARKET WIRE)--Jan 16, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) reports that repairs and replacement of drilling equipment at the Company's Block 100 oil project in Peru has been completed. Subject to final logistics, restart and completion of drilling at the Huaya 100-1X well is projected to begin as early as January 19th. As announced in December, drilling of Radial Energy's first well on the Huaya Block 100 project reached a depth of 235 feet before experiencing mech... (2 KB)
January 08, 2007
Oil Rises as U.S. Weather Cools Amid European Supply Dispute

By Grant Smith Jan. 8 (Bloomberg) -- Crude oil advanced for a second day on speculation that falling temperatures in the U.S. may spur heating demand in the world's largest energy consumer and as Russian supplies to Poland and Germany were curtailed. Temperatures may drop below normal in the western U.S. this week and cooler weather will spread across most of the country until Jan. 20, according to the National Weather Service. Russian crude oil supplies to Poland and Germany were halted f... (2 KB)
January 02, 2007
Cabo Announces Closing of Property Transaction With International Millennium Mining Corp., Setting of Record Date for IMMC Share Return of Capital Distribution and Closing of Private Placements

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 2, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that it has closed the sale of its mineral exploration properties (the "Properties") to International Millennium Mining Corp. ("IMMC") and has set the record date for the distribution of no less than 75% of the 10,000,000 units, by the way of a return of capital, the Company has received from IMMC as consideration for its Properties (the "IMMC Distribu... (2 KB)
January 02, 2007
Gold Climbs, Extending 2006 Gains, as Dollar Drops Against Euro

By Claudia Carpenter Jan. 2 (Bloomberg) -- Gold climbed to a three-week high in London on speculation investors will buy bullion as an alternative to the dollar. The U.S. currency's 10 percent decline against the euro last year helped drive up gold prices by 23 percent. The dollar fell to a three-week low against the common European currency today, bringing the price of gold in euro terms to 482 euros, or up 2.1 percent in a week. ''If you look at gold in euros, it's at 482 and that's a... (1 KB)
January 02, 2007
Crude Oil Falls as Mild Weather Curbs U.S. Fuel Consumption

By Mark Shenk Jan. 2 (Bloomberg) -- Crude oil fell as mild weather in the U.S. curbed heating-fuel demand and the execution of Saddam Hussein raised the specter of increased violence in Iraq. Above-normal temperatures will cover the eastern U.S. from Jan. 7 through Jan. 11, the National Weather Service said. Iraq opened an inquiry after footage of the execution of former leader Saddam Hussein was posted on the Internet, enraging Iraq's Sunni Muslim minority. There is no floor trading in Ne... (2 KB)
January 02, 2007
New York Gas Falls as Forecasts Show Above-Normal Temperatures

By Geoffrey Smith Jan. 2 (Bloomberg) -- Natural gas declined in New York as forecasters predicted mild weather through the middle of the month, signaling reduced demand for the furnace fuel. Temperatures will climb above normal across the entire northern U.S. through Jan. 15, forecasters said. Temperatures across sections of the northern Plains and Great Lakes will exceed seasonal averages by as much as 20 degrees, forecaster MDA EarthSat Energy said. ''The weather is warm, lessening de... (2 KB)
December 27, 2006
Radial Energy Provides Year-End Update for 2006

HOUSTON, TX--(MARKET WIRE)--Dec 27, 2006 -- Radial Energy Inc. (OTC BB:RENG.OB - News) is pleased to report on activities as 2006 comes to a close. The Company has acquired a valuable portfolio of exploratory and development assets; a 20% working interest in the Huaya Block 100 project in eastern Peru, a 20% working interest in the Bosques Block in central Colombia and 30% working interests before payout in two exploratory prospects in Cherokee County, Texas. Significantly, independent geolog... (2 KB)
December 26, 2006
Gold Poised for More Gains in 2007

By Lauren Villagran, AP Business Writer Gold Poised for More Gains in 2007 but High-Flying Base Metals Teeter Into Potential Retreat NEW YORK (AP) -- The world's metals had a rather outstanding year in the commodities market, with duller metals seeing price gains that outshone even gold -- but that trend could reverse in 2007. While the price of gold has climbed about 30 percent this year, the precious metal's performance pales in comparison to that given by its less lustrous counterparts... (2 KB)
December 21, 2006
Condor Closes $2 Million Financing

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 21, 2006 -- Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN.V - News) is pleased to announce that it has closed its private placement brokered by Bolder Investment Partners, Ltd. (the "Agent"). The Offering consisted of 4,000,000 Units at a price of $0.50 per Unit, with each Unit consisting of one common share and one transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one addi... (1 KB)
December 20, 2006
Bellhaven Copper and Gold announces acceptance of its recently constructed exploration base camp and a drill program for the Cerro Chorcha Porphyry Copper Deposit in Panama

Panama City, Panama -- December 20, 2006. Bellhaven Copper and Gold Inc. (TSX-Venture: BHV) ("The Company," or "Bellhaven") is pleased to announce a planned 3,000-meter diamond drill program on its wholly-owned Cerro Chorcha porphyry copper deposit in the Western Highlands of Panama. The planned phase one drill program is scheduled to commence in March 2007, and will test high-grade copper-gold-silver mineralization associated with the structurally-controlled quartz-magnetite stockwork ... (2 KB)
December 19, 2006
Sector Snap: Gold Equities Make Gains

Tuesday December 19, 12:21 pm ET Gold Equities Gain Momentum As Price of Gold Rises NEW YORK (AP) -- Shares of gold producers picked up momentum Tuesday as gold prices strengthened. An ounce of gold rose $6.10 to $624 in midday trading on the New York Mercantile Exchange. The upward movement helped send gold equities higher. Shares of Barrick Gold Corp. gained 35 cents to $30.53 in midday trading on the New York Stock Exchange. Newmont Mining Corp. shares added 57 cents to $47.14, whil... (0 KB)
December 19, 2006
Keegan Continues to Receive Excellent Drill Results at Esaase Gold Project

Tuesday December 19, 8:30 am ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 19, 2006 -- Keegan (TSX VENTURE:KGN.V - News) is pleased to announce it has received assays from three new core holes from its ongoing drilling program at the Esaase Gold Property located in southwest Ghana. The results continue to indicate the presence of high grade zones of sheeted quartz vein style gold mineralization as well as wide zones of disseminated stockwork vein style mineralization. Intercepts from Hol... (2 KB)
December 15, 2006
Quest Appoints New Chief Financial Officer

Friday December 15, 6:49 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 15, 2006 -- Quest Capital Corp. ('Quest' or the 'Company') (TSX:QC.TO - News)(AMEX:QCC - News)(AIM: QCC) announces that the Company's Chief Financial Officer, Susan Neale, will be leaving Quest to pursue other opportunities effective December 31, 2006. "Susan has been a valuable member of the Quest's senior management team as we have expanded and grown our Merchant Bank business," said Company Chairman, Robert B... (2 KB)
December 14, 2006
Clearant Announces Second Agreement to Expand Its Direct Distribution Growth Initiative (R) for the Sports Medicine Market

Thursday December 14, 8:09 am ET Agreement to accelerate ramp up in the usage of Clearant Process sterile implants under the direct distribution initiative; addressable market now $ 350 million per year. LOS ANGELES--(BUSINESS WIRE)--Clearant, Inc. (OCTCBB:CLRI) announced today that it signed an agreement with JPS Surgical, Inc., a leading distributor of orthopedic surgical supplies, to represent and distribute Clearant Process(r) Sterile Implants for allograft sport medicine surgeries. Un... (2 KB)
December 13, 2006
Oil Rises After U.S. Reports Larger-Than-Expected Supply Drop

By Robert Tuttle Dec. 13 (Bloomberg) -- Oil futures rose for the first time in four sessions in New York after the government reported inventories of crude declined more than expected. Supplies of crude oil fell 4.3 million barrels to 335.4 million barrels in the week ended Dec. 8, the Energy Department reported today. Oil stockpiles were expected to drop 1.3 million barrels, according to the median estimate of 15 analysts surveyed by Bloomberg News. Supplies were 4.4 percent higher than a... (2 KB)
December 13, 2006
Zinc Deficit Widens in First 10 Months, Group Says (Update1)

By Chanyaporn Chanjaroen Dec. 13 (Bloomberg) -- The shortfall in zinc production widened in the first 10 months of 2006 as demand for the metal used to galvanize steel rose, the International Lead and Zinc Study Group said. Consumption exceeded production by 320,000 metric tons in the period, compared with 314,000 tons a year earlier, the Lisbon-based group said today in a report on its Web site. Demand rose 4 percent to 9.1 million tons, the group said. Consumption in China expanded 4 ... (0 KB)
December 13, 2006
Copper Falls to Five-Week Low in New York as Inventories Climb

By Millie Munshi Dec. 13 (Bloomberg) -- Copper prices in New York fell to the lowest in five weeks after global inventories rose to the highest in more than a year. Stockpiles of the metal in warehouses monitored by the London Metal Exchange gained 4,600 metric tons, or 2.8 percent, to 171,300 tons, the highest since April 2004. Prices have dropped 25 percent from a record $4.04 in mid-May as climbing inventories and slower economic growth signaled easing demand for the metal used in pipes... (0 KB)
December 13, 2006
Keegan Resources Inc.: Esaase Drill Program Confirms Gold Mineralization Over 1 km Strike Length

Wednesday December 13, 8:30 am ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 13, 2006 -- Keegan (TSX VENTURE:KGN.V - News) is pleased to announce it has received assays from seven new core holes from its ongoing drilling program at the Esaase Gold Property located in southwest Ghana. All but one of the holes intercepted wide zones of disseminated stockwork vein style mineralization effectively extending the mineralized zone to over 1 km in total drilled strike length, which remains open ... (2 KB)
December 11, 2006
Zinifex Halts Production at Century Zinc Mine Plant (Update3)

By Madelene Pearson Dec. 11 (Bloomberg) -- Zinifex Ltd., the world's second- biggest zinc producer, will halt output at a plant at its Century mine for about seven days because of a mechanical failure. The shutdown will cut annual sales by A$30 million ($24 million), the Melbourne-based company said today in a statement. Mining operations at Century, which Zinifex says is the world's second-largest zinc mine, haven't been affected by the Dec. 9 plant failure, it said. Zinc prices... (1 KB)
December 11, 2006
Gold Rises From Three-Week Low as Jewelry Buying Increases

By Danielle Rossingh Dec. 11 (Bloomberg) -- Gold rose from its lowest in three weeks in London on demand from jewelers from the Middle East and Asia who judged the metal was cheap enough to buy. Bullion, sold in dollars, fell 3.2 percent last week in London, the first decline in three, after better-than-expected economic data from the U.S. The metal slid to the lowest since Nov. 21 earlier today. Gold demand from India, the world's biggest buyer, typically rises during the country's... (2 KB)
December 11, 2006
Oil Falls on Doubts That OPEC Will Reduce Global Oil Oversupply

By Grant Smith Dec. 11 (Bloomberg) -- Crude oil fell amid skepticism that a surplus in global supply would be significantly reduced even if OPEC decides to cut production at a meeting this week in Nigeria. The Organization of Petroleum Exporting Countries, the producer of 40 percent of the world's oil, meets in Nigeria on Dec. 14 to consider reducing output for the second time in three months. Crude oil supplies in the U.S., the world's largest consumer, have grown 5.3 percent in th... (2 KB)
December 11, 2006
Tin Jumps to 17-Year High as Indonesia Cuts Output; Lead Rises

By Chanyaporn Chanjaroen Dec. 11 (Bloomberg) -- Tin climbed to the highest in at least 17 years on the London Metal Exchange as government shutdowns of smelters in Indonesia, the world's second-largest producer, reduced supplies of the metal used in the soldering of electronic components. Lead also rose to a record. The Indonesian government has not opened 20 tin smelters that it shut in October on allegations they used illegally mined ore. The closing has removed as much as 7,000 m... (2 KB)
December 11, 2006
Clearant Announces Agreement to Expand Its Direct Distribution Growth Initiative (R) to the Sports Medicine Market in the New York Region

LOS ANGELES--(BUSINESS WIRE)--Clearant, Inc. (OCTCBB:CLRI) announced today that it signed an agreement with OR Specialties, a leading distributor of orthopedic surgical supplies, to represent and distribute Clearant Process(r) Sterile Implants for allograft sport medicine surgeries. Under the terms of the agreement, OR Specialties will deploy its team of 13 sales representatives to market the implants to the sports medicine specialists through hospitals and surgery centers throughout New ... (2 KB)
December 11, 2006
Imagenetix Receives FDA Clearance to Begin Pre-IND Safety Studies on Anti-Inflammatory Compound

SAN DIEGO--(BUSINESS WIRE)--Imagenetix, Inc. (OTCBB: IAGX - News) today announced that its proprietary anti-inflammatory compound, 1-tetradecanol complex (1-TDC), intended for use in the treatment of periodontal disease and other widespread inflammatory conditions, has completed pre-IND assessment by the FDA Dental and Dermatology Division and received positive comments. The FDA response, issued after reviewing animal toxicity, animal efficacy and in-vitro efficacy studies submitted by... (2 KB)
December 11, 2006
Silver Standard Resources Inc.: Significant Gold Resource Outlined at Snowfield Project

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 11, 2006 -- Silver Standard Resources Inc. (TSX:SSO.TO - News)(NASDAQ:SSRI - News) is pleased to report a significant increase in its exposure to gold as a result of diamond drilling at the Snowfield gold project in northern British Columbia. The property is located 40 kilometers north of the town of Stewart and 15 kilometers southeast of Barrick's high-grade gold-silver mine at Eskay Creek. The following block model resource estimate is ... (2 KB)
December 08, 2006
Copa Airlines Takes Delivery of Its Sixth Embraer Aircraft

PANAMA CITY, Dec. 8 /PRNewswire-FirstCall/ -- Copa Airlines has announced the arrival of its sixth Embraer 190AR aircraft. The airline now has a total fleet of 30 aircraft, consisting of 6 Embraer 190 airplanes and 24 Boeing 737 Next Generation aircraft, one of the most modern fleets in the Americas. This is the 200th aircraft of its 170-190 model family that Brazilian company Embraer has distributed. ADVERTISEMENT Copa's latest aircraft acquisition is part of an order placed in Octob... (2 KB)
December 06, 2006
Radial Energy Commits to Colombia

HOUSTON, TX--(MARKET WIRE)--Dec 6, 2006 -- Radial Energy Inc. (OTC BB:RENG.OB - News) is pleased to report on the status of Management's visit to Colombia. Management was impressed by the turnout and quality of industry professionals at the II Colombia Oil and Gas Investment Conference held at the Cartagena Convention Centre this week. In attendance were representatives from across the Americas and beyond. Major sponsors and presenters included representatives from the host country Col... (2 KB)
December 06, 2006
Copper Falls in New York on Signs U.S. Demand May Be Slowing

By Millie Munshi and Chanyaporn Chanjoren Dec. 6 (Bloomberg) -- Copper in New York fell the most in three weeks as higher inventories and slower economic growth signaled reduced demand from the U.S., the world's second- largest consumer of the metal. Stockpiles monitored by commodity exchanges in New York, London and Shanghai have gained 34 percent this year and inventory in the U.S. has quadrupled. The U.S. economy expanded at a 2.2 percent annual rate in the third quarter, the slo... (2 KB)
December 06, 2006
Oil Is Little Changed on U.S. Supply Declines, Milder Weather

By Mark Shenk Dec. 6 (Bloomberg) -- Crude oil was little changed after an Energy Department report showed that U.S. crude oil and fuel inventories fell. Stockpiles dropped 1.05 million barrels to 339.7 million in the week ended Dec. 1, the report showed. Gasoline and heating- oil stockpiles also declined, according to the report. Higher- than-normal temperatures will cover all of the lower 48 states with the exception of the Southwest from Dec. 11 through Dec. 15, the U.S. National ... (1 KB)
December 06, 2006
Gold Falls for Second Day as Dollar Rebounds Against Euro

By Pham-Duy Nguyen Dec. 6 (Bloomberg) -- Gold fell in New York for the second day in a row as a gain by the dollar against the euro reduced the metal's appeal as an alternative investment. Gold, sold in dollars, generally moves in the opposite direction of the U.S. currency, which climbed after a private report showed U.S. companies in November added the most jobs since June. The metal is up 23 percent this year, while the dollar has fallen 10 percent against the euro. ''The euro... (0 KB)
December 06, 2006
Keegan Identifies Major Mineralized Structures at Esaase Gold Project

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 6, 2006 -- Keegan (TSX VENTURE:KGN.V - News) is pleased to announce that it has outlined two district scale structures through a recently completed IP (Induced Polarization) program covering nearly half of the Esaase property. The recent IP results are significant because, when coupled with property wide gold-in-soil geochemistry and trench sampling results, they reveal a major northeast trending fault system that is continuously mineralized... (2 KB)
December 05, 2006
Vista Announces Agreement to Extend Payment Deadline and Enter Into New Bolivia

DENVER, Dec. 5 /CNW/ -- Vista Gold Corp. (Amex: VGZ; Toronto) ("Vista") announced today that, subject to board approval and satisfaction of a number of other conditions, it has reached an agreement with Luzon Minerals Ltd. (LZN-V) ("Luzon") to extend the deadline for Luzon to make the US$2.6 million cash payment currently payable to Vista by Luzon on December 6, 2006 to January 30, 2007. The agreement to extend the deadline set under the terms of the existing purchase option agreement between Vi... (2 KB)
December 04, 2006
Clearant Signs Supply Agreement with California Tissue Bank to Directly Distribute Sterile Sports Medicine Implants Throughout the USA

LOS ANGELES--(BUSINESS WIRE)--Clearant, Inc. (OTCBB:CLRI - News) today announced that it has signed a multi-year agreement with Tissue Banks International (TBI), a non-profit provider of tissues for orthopedic, spinal, sports medicine, and urologic surgery, for the supply of Clearant Process(r) sports medicine implants. This agreement allows Clearant, Inc. to participate in a $350 million per year market. "At TBI we believe that providing sterile tissue is an imperative safety precauti... (1 KB)
November 29, 2006
New CEO Provides Mid-Term Corporate Objectives For the Next Six Months

Panama City, Panama -- November 29, 2006. Bellhaven Copper and Gold Inc. (TSX-Venture: BHV) ("The Company," or "Bellhaven"). Bellhaven is pleased to report that its new President and CEO, Mr. Julio Benedetti, has provided his strategic objectives for the Company for the next 6 months. Since his appointment, Mr. Benedetti has actively sought to develop Bellhaven's property through aggressive acquisition and joint ventures. Mr. Benedetti has outlined his plan for the next six months as... (2 KB)
November 29, 2006
BHP Billiton May Buy Assets, Says Demand Stays Strong (Update2)

Nov. 29 (Bloomberg) -- BHP Billiton Ltd. , the world's largest mining company, may seek acquisitions as a five-year rally in metals has spurred more than $157 billion of takeovers and mergers proposals this year in the mining industry. ''We keep a very open mind,'' about acquisitions, said BHP Chairman Don Argus at a shareholders meeting in Brisbane, Australia, today. ''There is consolidation going on in the industry and we keep an eye on everything.'' Shares of Freeport-McMoRan Copp... (2 KB)
November 29, 2006
Quest Announces Appointment of Chief Operating Officer

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 29, 2006 -- Quest Capital Corp. ('Quest' or the 'Company') (TSX:QC.TO - News)(AMEX:QCC - News)(AIM: QCC) is pleased to announce that seasoned mortgage banker, Kenneth Gordon, has joined the Company as Chief Operating Officer ("COO"). Mr. Gordon has over 30 years of Canadian and international mortgage lending experience, including, five years (2001-2006) as Vice President of MCAP (Caisse de depot et placement du Quebec), where he was responsi... (2 KB)
November 28, 2006
Maxim Resources Inc.: Trinidad Discovery Well Put Into Production

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 28, 2006 -- Maxim Resources Inc. (Maxim) (TSX VENTURE:MXM.V - News)(Other OTC:MXMSF.PK - News)(FWB: M5H) is pleased to announce that the South Erin Trinidad project has been granted permission from the Ministry of Energy and Energy Industries, Republic of Trinidad and Tobago and Petrotrin, Petroleum Company of Trinidad and Tobago Limited to produce Erin 98 Well (ER98) not exceeding 500 BOPD. The production rate is based on the Environmental ... (1 KB)
November 28, 2006
Bellhaven Copper & Gold Inc. announces that it has granted 100,000 incentive stock options

Vancouver, British Columbia -- November 28, 2006. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") announces that it has granted 100,000 incentive stock options to a director of the Company at an exercise price of $0.72 per share for a period of five years. On behalf of the Board of Directors, Julio Benedetti, President and CEO BELLHAVEN COPPER & GOLD INC. ... (0 KB)
November 27, 2006
Radial Energy Reports on Drilling Progress at Huaya 100-1X Well

HOUSTON, TX--(MARKET WIRE)--Nov 27, 2006 -- Radial Energy Inc. (OTC BB:RENG.OB - News) wishes to update the progress at the Huaya 100-1X well on the Company's Block 100 oil project in Peru. Radial Energy is pleased to report that drilling has reached a current depth of 235 feet and that 9 5/8-inch surface casing has been set and cemented. The Company reports that after penetrating through the heavy clays of the Pozo Shale, the operator achieved a depth 165 feet with a 12 1/4-inch hole.... (2 KB)
November 27, 2006
Copper Futures in Shanghai Gain for 4th Day on Lower Stockpiles

Nov. 27 (Bloomberg) -- Copper futures in Shanghai rose for a fourth straight day, to a two-week high, as reduced stockpiles in warehouses in China and lower imports renewed supply concerns for the metal used in wires and pipes. Aluminum also rose. Copper inventories in Shanghai Futures Exchange warehouses fell 14 percent last week to 27,141 metric tons, the lowest since June 2, 2005. Inventories have slumped 59 percent since they peaked at 65,919 tons in the week of June 19, because us... (1 KB)
November 27, 2006
Gold Rises to 11-Week High in N.Y. on Dollar Drop Against Euro

Nov. 27 (Bloomberg) -- Gold in New York rose to an 11-week high after a decline in the value of the dollar against the euro boosted the metal's appeal as an alternative investment. Gold, sold in dollars, generally moves in the opposite direction of the U.S. currency, which today fell to the lowest against the euro since March 2005. Gold is up 24 percent this year, while the dollar has fallen 9.7 percent against the euro. ''We had a big drop on the dollar and that helps gold,'' said ... (0 KB)
November 27, 2006
Copa Airlines Takes Delivery of Its Fifth Embraer 190 Aircraft

PANAMA CITY, Nov. 27 /PRNewswire-FirstCall/ -- Copa Airlines, a subsidiary of Copa Holdings, S.A. (NYSE: CPA - News), announced the arrival of its fifth Embraer 190AR aircraft, increasing its fleet to 5 Embraer 190AR and 24 Boeing 737NG, for a total of 29 aircraft. "The Embraer offers passengers reliable air travel in an aircraft of advanced technology, while at the same time giving us the flexibility to develop medium density markets", said Jorge Garcia Icaza, Commercial Vice Presiden... (2 KB)
November 24, 2006
Coastport Reports 53.3 g/t Au and 641 g/t Ag Over 3.4 m at Shyri Project, Ecuador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 24, 2006) - Coastport Capital Inc. (TSX VENTURE:CPP - News; FWB:C1J) provides an update on exploration activities at the Shyri Project in Ecuador, including new bonanza grade gold and silver assays from the Vetas Grandes prospect. The ongoing 2006 exploration program consists of ground geophysical and soil geochemical surveys over four main prospects: the Canaribamba (Guabisay), Vetas Grandes, Gama and Yanasacha prospects. Additionally, ... (2 KB)
November 24, 2006
Stocks slide on dollar worries

NEW YORK (Reuters) - U.S. stocks dropped on Friday in light, choppy trading as a steep fall in the dollar renewed inflation worries in a short session after the Thanksgiving holiday, but the losses were partly offset by mining shares, which rose after gold prices climbed. Meanwhile, shares of retailers, including Target Corp. (NYSE:TGT - News), fell as investors worried about heavy discounting at the start of the holiday shopping season. The dollar plunged against major currencies, ... (2 KB)
November 23, 2006
Cabo Announces $3,000,000 Non-Brokered & Brokered Private Placement

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2006) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that it is carrying out a non-brokered private placement of up to 6,400,000 units at $0.375 per unit to raise gross proceeds of $2,400,000 and a brokered private placement of up to 1,600,000 units at $0.375 per unit to raise gross proceeds of $600,000. Each unit will consist of one common share of the Company and one warrant, each warrant entit... (2 KB)
November 22, 2006
Silver Standard Reports 786 Feet of 0.05 Oz./Ton Gold From Snowfield Project in Canada

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 22, 2006 -- Silver Standard Resources Inc. (TSX:SSO.TO - News)(NASDAQ:SSRI - News) is pleased to report remaining diamond drilling results from the Snowfield gold project in northern British Columbia. The property is located 40 kilometers north of the town of Stewart and 15 kilometers southeast of Barrick's high-grade gold-silver mine at Eskay Creek. The following table sets out assay results for the final seven holes of the 27 holes totalli... (2 KB)
November 21, 2006
Gold Gains as Rebound in Crude Oil Boosts Inflation Concern

By Pham-Duy Nguyen Nov. 21 (Bloomberg) -- Gold in New York rose as a gain in crude-oil prices boosted the appeal of the precious metal as a hedge against inflation. Gold sometimes moves in tandem with oil prices, which climbed today after touching a 17-month low last week. Gold is up 21 percent this year, while oil has dropped 2.9 percent. ''Crude is up today, and that'll help support gold and let this market do what it needs to do,'' Nick Ruggiero, a trader at Eagle Futures Inc.... (0 KB)
November 21, 2006
Oil Rises on Speculation of Supply Drop, Further OPEC Reduction

By Eduard Gismatullin Nov. 21 (Bloomberg) -- Crude oil gained on trader speculation that rising demand will cut U.S. fuel inventories and the Organization of Petroleum Exporting Countries may agree to lower production for the second time in two months. A U.S. government report tomorrow will probably show gasoline and distillate supplies, including heating oil and diesel, fell for a sixth week, according to a Bloomberg News survey of 11 analysts. Most of the 11 OPEC nations favor ano... (2 KB)
November 21, 2006
Platinum Rises to Record on Speculation Over Fund Introduction

By Chia-Peck Wong and Danielle Rossingh Nov. 21 (Bloomberg) -- Platinum rose to a record in London on speculation a new investment fund for the metal will make it more accessible to investors, putting a squeeze on supply. The precious metal, used in jewelry and car-exhaust systems, climbed the most in 20 years on talk of a new exchange- traded fund. So-called ETFs purchase and store metal, allowing investors to trade assets without owning them. There may be ''a significant physic... (2 KB)
November 20, 2006
Freeport looks beyond Indonesia, sticks to copper

SAN FRANCISCO (MarketWatch) -- For the founders of Freeport-McMoRan Copper & Gold, this weekend's deal for Phelps Dodge Corp. marks a step away from the source of their wealth -- and the belief that its product has still a long way to run. New Orleans-based Freeport (FCX :Freeport-McMoRan Copper & Gold Inc. FCX55.63, -1.77, -3.1% ) late Sunday said it's agreed to pay $25.9 billion in cash and stock for Phoenix-based Phelps Dodge (PD :Phelps Dodge Corporation PD120.47, +25.45, +26.8% ) in... (2 KB)
November 20, 2006
Keegan Discovers 85m of 2.07 g/t Gold at Esaase Core Drilling Program

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 20, 2006 -- Keegan (TSX VENTURE:KGN.V - News) is pleased to announce results from the first four of thirty holes being drilled on the Esaase Gold Property located in southwest Ghana. Three of the four holes intercepted multiple zones of gold mineralization ranging from 12 to 85 meters in width. Highlights include 85 meters of 2.07 g/t Au, 12 meters of 9.76 g/t Au, and 36 meters of 1.2 g/t. Please see table 1 for further details. Dan McCoy... (2 KB)
November 20, 2006
Esperanza Silver Corporation and Silver Standard Resources Inc.: Further Bonanza-Grade Holes at San Luis

DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 20, 2006) - Esperanza Silver Corporation (TSX VENTURE:EPZ - News) and Silver Standard Resources Inc. (TSX:SSO - News; NASDAQ:SSRI - News) are pleased to announce results of six additional drill holes on the Ayelen vein at their gold and silver San Luis joint venture in central Peru. Results have now been received for 10 holes (see news release of October 31 for prior results). Mineralization Continues Along Strike of... (2 KB)
November 17, 2006
Peru's gold, copper output falls in Aug, zinc up

LIMA, Peru, Nov 17 (Reuters) - Gold production in Peru, the world's No. 5 bullion miner, fell 6.1 percent in August, compared with August 2005, and copper and lead output also slid, while zinc and silver rose, the government said Friday. Gold production fell to 16.2 tonnes due to a 20 percent fall in production at Latin America's top gold mine, Yanacocha, owned by Newmont Mining Corp. (NEM.N: Quote, Profile, Research) and Peru's top precious metals miner, Buenaventura (BVN.N: Quote, Pr... (1 KB)
November 17, 2006
Radial Energy Announces Latest Progress in Latin America and U.S.

HOUSTON, TX--(MARKET WIRE)--Nov 17, 2006 -- Radial Energy Inc. (OTC BB:RENG.OB - News) today announced the most recent developments in each of the Company's oil & gas projects, detailing significant progress in Peru, Colombia, Texas and Utah. Radial Energy is focused on acquiring and developing overlooked and under-exploited oil and natural gas reserves in North and Latin America and is moving forward rapidly on multiple fronts. Radial Energy reports the Huaya 100-1X well on its Block ... (2 KB)
November 16, 2006
Vista Announces Results of Securityholders' Votes Relating to Proposed Arrangement

DENVER, Nov. 16 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ; TSX) ("Vista") announced today that its shareholders, optionholders and warrantholders (collectively, "Securityholders") have voted to approve the previously announced transaction which, if completed, will result in Vista transferring its existing Nevada properties into a recently incorporated company, Allied Nevada Gold Corp. ("Allied Nevada"), which will concurrently acquire the Nevada mineral assets of Carl and Jane... (2 KB)
November 16, 2006
Bellhaven Copper and Gold Inc. Signs Letter of Intent with Toronto Group for USD $4.0 Million Joint Venture

VANCOUVER, BRITISH COLUMBIA, November 16 /CNW/ - Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a letter of intent with a Toronto-based group ("TBG") led by Beth Kirkwood to acquire a 70% interest in the Viento Frio property in Northeastern Panama. The terms of the LOI call for TBG to incur exploration expenditures up to US $3.5 million and make option payments of US $500,000 over a period of five years to earn a 70... (1 KB)
November 15, 2006
Radial Energy Updates Advances in Colombia

HOUSTON, TX--(MARKET WIRE)--Nov 15, 2006 -- Radial Energy Inc. (OTC BB:RENG.OB - News) reports today that the Company is moving forward in Colombia, making noteworthy progress executing its strategy to acquire and develop overlooked and under-exploited oil and natural gas reserves in North and Latin America. The Company has secured a formal extension to the terms of its Letter of Intent ("LOI") with Maxim Well Services Ltda. giving the Company through December 15, 2006, if needed, to c... (2 KB)
November 10, 2006
Bellhaven Copper and Gold Inc. Officially Appoints Julio Benedetti as CEO and President

Vancouver, British Columbia - November 10, 2006. further to its news release of Nov. 2, 2006, Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has officially appointed Julio Benedetti as President and Chief Executive Officer of the Company. Julio will absorb all of the duties associated with the position of President and CEO in addition to his current responsibilities as Vice President of Business Development and Director. M... (1 KB)
November 09, 2006
Copper Rises on Renewed Speculation Demand to Exceed Supplies

By Chanyaporn Chanjaroen Nov. 9 (Bloomberg) - Copper rose from a one-month low on speculation that mine production continues to lag behind demand because of output disruptions. Vedanta Resources Plc suspended production at a Zambian plant with an annual capacity of 100,000 metric tons from Oct. 6 after a leak from the plant polluted a river, spokesman Samuel Equamo said yesterday. Credit Suisse Group has forecast an output loss of 476,000 tons this year, and a supply shortfall of 252,000... (2 KB)
November 09, 2006
Oil Rises for Second Day After Drop in U.S. Fuel Inventories

By Eduard Gismatullin Nov. 9 (Bloomberg) - Crude oil rose for a second day because U.S. inventories of distillates including diesel and heating oil fell for a fifth week with winter approaching in the Northern hemisphere. Diesel supplies plunged 2.92 million barrels to 78.4 million last week, the U.S. Department of Energy said yesterday. Stockpiles of distillates, a category that includes heating oil and diesel, declined 2.68 million barrels while demand for petroleum products advanced 5... (2 KB)
November 09, 2006
Gold Gains in London as Inflation May Spur Investment Demand

By Claudia Carpenter Nov. 9 (Bloomberg) - Gold rose in London on speculation rising raw-material costs may renew investor demand for the metal as a hedge against inflation. The 24-member Goldman Sachs Commodity Index has increased 3.4 percent this month, and copper, crude oil, wheat and coffee extended gains today. The pound and euro rose against the dollar today on forecasts for higher interest rates in Europe to curb escalating prices. The Bank of England raised its benchmark interest ... (2 KB)
November 09, 2006
Zhaojin counting on pure-gold play for IPO

Thu Nov 9, 2006 3:51am ET27 By Kennix Chim HONG KONG, Nov 9 (Reuters) - Chinese gold miner Zhaojin Mining Industry Co. Ltd. is counting on its position as a pure-gold play to attract investors to its US$250 million to US$300 million initial public offering, but gold price fluctuations will affect company's earnings, analysts said. Miners of gold, a traditional safe haven, have drawn huge investor interest as gold prices reached multi-decade highs in first half of 2006, driven by inflati... (2 KB)
November 08, 2006
Radial Energy Announces Reserve Assessment for Bosques Block, Colombian Oil Project

Wednesday November 8, 4:30 pm ET HOUSTON, TX - (MARKET WIRE) - Nov 8, 2006 - Radial Energy Inc. (OTC BB:RENG.OB - News) is pleased to report the results of a reserve assessment on the Bosques Block completed by Gustavson Associates. The assessment was requested by the Company as part of an on-going due diligence of rights to explore and develop in the area contemplated by the Letter of Intent ("LOI") executed on August 24, 2006 with Maxim Well Services Ltd. In the report, Gustavson estimate... (2 KB)
November 08, 2006
Silver Standard Announces the Appointment of Peter Tomsett to the Board of Directors

Wednesday November 8, 6:30 am ET VANCOUVER, BRITISH COLUMBIA - (MARKET WIRE) - Nov 8, 2006 - Silver Standard Resources (TSX:SSO.TO - News)(NASDAQ:SSRI - News) is pleased to announce the appointment of Peter Tomsett on November 7, 2006 to its board of directors. Mr. Tomsett has over 25 years of experience in the mining industry, 20 years of which he served with Placer Dome Inc. Most recently, he served as President and Chief Executive Officer of Placer Dome Inc. until its acquisition by Barr... (2 KB)
November 07, 2006
Oil Falls on Ample U.S. Supplies, Doubts About OPEC Compliance

By Mark Shenk Nov. 7 (Bloomberg) -- Crude oil fell on speculation that U.S. inventories rose last week and doubts that the Organization of Petroleum Exporting Countries will make promised output cuts. Supplies climbed 775,000 barrels in the week ended Nov. 3, from 334.3 million the prior week, according to the median of forecasts in a Bloomberg News survey. OPEC ministers agreed at a meeting in Doha, Qatar, on Oct. 20 to reduce oil output by 1.2 million barrels a day to stem a three-month ... (1 KB)
November 07, 2006
Gold Rises on Speculation Dollar Will Weaken Against Euro, Yen

By Pham-Duy Nguyen Nov. 7 (Bloomberg) - Gold rallied on speculation a decline in the value of the dollar will boost the metal's appeal as an alternative investment. Gold, sold in dollars, generally moves in the opposite direction of the U.S. currency, which fell today against the yen on speculation Japan may raise interest rates. Gold is still up 21 percent this year, while the dollar has fallen 6.4 percent against six major currencies. "The dollar is still a big influence on gold," sai... (2 KB)
November 07, 2006
Zinc, Lead Rise to Records in London After Inventories Decline

By Chanyaporn Chanjaroen Nov. 7 (Bloomberg) - Zinc prices in London rose to a record after inventories of the metal used to galvanize steel dropped to the lowest in 15 years. Lead also climbed to the highest ever. Stockpiles of zinc monitored by the London Metal Exchange dropped 1.8 percent to 99,550 tons today. They have plunged 79 percent in the past year to the lowest since April 1991. Prices have more than doubled in the past year, leading gains among more than 50 commodities. "At c... (2 KB)
November 07, 2006
Vista Gold Corp. Announces Closing of Public Offering of Common Shares

Tuesday November 7, 9:17 am ET DENVER, Nov. 7 /PRNewswire-FirstCall/ - Vista Gold Corp. (TSX & Amex: VGZ) (the "Company") announced today the closing of its public offering (the "Offering") of 3,668,100 of its common shares at a price to the public of US$8.50 per share, resulting in net proceeds to the Company of approximately US$29.6 million after payment of agents' fees but excluding estimated offering expenses. The Company also issued, as additional consideration to the agents, compensatio... (2 KB)
November 06, 2006
Golden Star, Newmont in Joint Venture

Monday November 6, 12:31 pm ET Golden Star Resources, Newmont Mining Dig Into Suriname Gold Project With Joint Venture DENVER (AP) - Mining company Golden Star Resources Ltd. said Monday it will restart exploration at a project in Suriname through a joint venture with a unit of Newmont Mining Corp. In a statement, Golden Star Chief Executive Peter Bradford said the Saramacca project has promising prospects for the discovery of major new gold mines. Under the joint venture agreement, Ne... (0 KB)
November 06, 2006
Petaquilla Minerals Ltd.: Phase II Drilling Finds Two New Mineralization Trends at the Molejon Deposit in Panama

VANCOUVER, BRITISH COLUMBIA - (CCNMatthews - Nov. 6, 2006) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FWB:P7Z) released today analytical results undertaken and compiled by ALS Chemex for 42 more holes of the Company's diamond drilling program at its 100% owned Molejon gold deposit. The Phase II program is designed for in-fill drilling, mine planning and "step-out" evaluation of proximal mineralization. Several highlights of the recent drilling are as fo... (2 KB)
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