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Canadian Stocks Gain as Oil, Gold Shares Advance; Manulife Falls

Gumbreg.org – Canadian Stocks Gain as Oil, Gold Shares Advance; Manulife Falls, Canadian stocks rose, extending a five-month high, as energy shares gained with oil prices on concern Iran will curb supply and gold producers rallied with the metal. Manulife fell 1.7 percent to C$12.50. Brookfield Asset Management Inc., the country’s largest real-estate company, fell [...]

Tags: , , , , , Filed Under Market, News February 23 2012

Barrick Sees Gold Stocks ‘Inflection Point’ as ETFs Nab Funds: Commodities

Gumbreg.org – Barrick Gold Corp. and Goldcorp Inc. , are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said. Gold producers are heading for an “inflection point” triggering a rally, Barrick Chief Executive Officer Aaron Regent said in an interview. They have been punished as investors [...]

Tags: , , , , , Filed Under Market February 23 2012

Cornerstone Reports Further Trenching Results at La Fortuna Copper-Silver Project in Chile

Gumbreg.org – Cornerstone Capital Resources Inc. today announced the sampling results of eight additional trenches and provided an update on the ongoing exploration program being carried out at the La Fortuna copper-silver project located in the Valparaiso Region of central Chile, approximately 100 km north of Santiago. Results from initial trenching and a general description of [...]

Tags: , , , , Filed Under Mining February 22 2012

Staying at the Copper King Mansion feels like the king of mining in Montana

A scandal over the fortune of reclusive mining heiress Huguette Clark has renewed interest in the life of her father, copper magnate William A. Clark, once one of the nation’s richest men. The scandal has also brought more attention to the 34-room mansion that W.A. Clark built in Butte more than a century ago. That [...]

Tags: , , , , Filed Under News February 22 2012

Gold holds near 2-1/2-week high; pauses after rally

Reuters-Gumbreg.org – * Spot gold rose to a 2-1/2-week high of $1,759.84 an ounce in early trade, before paring some gains to $1,756.81 an ounce by 0028 GMT, down 0.1 percent from the previous close. * U.S. gold was little changed at $1,758.70. * $1,760 has been the top of a range in which gold [...]

Tags: , , , , , Filed Under Market, News February 22 2012

Tawsho Mining to Acquire the Cabot Property in Baie Verte

Reuters – Gumbreg.org – Tawsho Mining Inc.  announced today it has signed a Memorandum of Understanding (“MOU”) to acquire the Cabot Property (“The Property”) consisting of 5 contiguous licenses containing a total of 100 claims covering an area of 25 km(2). The property is located on the northern tip of the Baie Verte Peninsula in [...]

Tags: , , , , Filed Under Mining February 22 2012

U.S. China Mining Group Provides Business Update; announces Preliminary Results 2011 Coal Production

Gumbreg.org – US China Mining Group, Inc., a Chinese leader in coal production and exploration in the People’s Republic of China, today provided an update on its operations in China and status of its potential acquisition in Guizhou Province, China. The Company also announced that it has taken a series of steps with the provincial [...]

Tags: , , , , Filed Under Mining February 22 2012

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