Mining Investment

Abacus Completes Asset Purchase Agreement with Teck

Abacus Mining & Exploration Corporation is pleased to announce that it has completed the acquisitions contemplated under the Asset Purchase Agreement dated November 25, 2005, as amended with Teck Resources Limited pursuant to which certain assets of Teck’s former Afton mine, and most notably the Iron Mask and Rainbow back-in rights, were acquired. The... 

Malbex Warrants to Expire April 29, 2011

Malbex Resources Inc. reminds holders of common share purchase warrants issued in conjunction with the Company’s June 2009 private placement financing that the warrants will expire at 5:00 pm (EDT) on April 29, 2011. Each warrant is exercisable into one common share for consideration of $1.125. For assistance with exercise of these warrants, please... 

Wall Street up on earnings bets, M&A hopes

The S&P 500 rose near a seven-week high on Wednesday as investors bet the upcoming earnings season and more merger activity will continue to lift equities. The S&P 500 inched closer to 1,344, which would be the highest since June 2008 and has been a resistance level where continued buying could lead to a technical breakout. The Dow industrials... 

Eloro Resources Retains European Investor Relations Firm

Eloro Resources Ltd. announced that it has retained Profinnotiv AG (“Profinnotiv”) to provide Eloro with investor and public relations services in the European market. Eloro has a significant shareholder base in Europe and a listing of the Frankfurt Stock Exchange, and it is anticipated that Profinnotiv will leverage their extensive relationships... 

Nevada Sunrise Announces Amendment to Convertible Loan Agreement

Nevada Sunrise Gold Corporation announces that, further to the convertible loan agreement (the “Loan Agreement”) in the amount of USD$500,000 (the “Loan”) announced March 23, 2010, the Company has executed an amendment (the “Amendment”) to the Loan Agreement. Under the terms of the Amendment, the amount of USD$400,000... 

Nemaska Exploration to Transfer its Non-Lithium Related Assets to Monarques Resources Inc.

NEMASKA EXPLORATION INC. announces that it has signed a Conditional Asset sale agreement with its wholly owned subsidiary, Monarques Resources Inc. The Conditional Asset sale agreement concerns all the non-lithium related assets held by Nemaska and are comprised of the Lac Levac, Lac des Montagnes and Lac Arques properties. The sale is conditional on... 

Serabi Mining Plc Completion of TSX Listing C$4.95 Million Funding and Board Changes

Serabi Mining plc is pleased to announce that the Company has completed its Canadian initial public offering of 9,000,000 units (the “Units”) at a price of C$0.55 per Unit (the “Offering Price”) for gross proceeds to the Company of C$4.95 million (the “Offering”). Each Unit is comprised of one ordinary share (an “Ordinary... 

FUQI International Receives Final Notice of Noncompliance from NASDAQ

FUQI International Inc. today announced receipt of a notice of noncompliance from The NASDAQ Stock Market due to the Company’s inability to timely file its Annual Report on Form 10-K for the year ended December 31, 2010 with the Securities and Exchange Commission (“SEC”), which constitutes an additional basis for the delisting of the... 

China sees strong commodities, weak dollar in 2011

Loose monetary policies in developed economies will place more upward pressure on global commodity prices and weigh on the dollar this year, the Chinese central bank said on Friday. In a report reviewing the performance of global financial markets, the People’s Bank of China also warned of a deepening of the European debt crisis, though its broad... 

Fortuna Reports Net Income of US$ 12.96 million on Revenue of US$ 74.06 million

Fortuna Silver Mines Inc. has filed its audited financial statements and MD&A for 2010. The full documents are available on SEDAR and have also been posted on the Company’s website at www.fortunasilver.com. 2010 Financial Statements and MD&A Highlights: * Net income of US$ 12.96 million, compared to US$ 0.62 million in 2009 * Earnings...