Month: January 2011

Slim announced he will be investing another 10 billion pesos in his mining company, Frisco.

Canadian stocks advanced, heading for a seventh-straight monthly gain, as energy producers rallied after Exxon Mobil Corp.’s profit and Canada’s gross domestic product growth beat forecasts.

(RTTNews) – ECU Silver Mining Inc. (ECU.TO: News ) said it reached an agreement with its lender, IIG Capital LLC, to amend the terms and conditions of its debt facility. The current agreement, which was executed on November 1, 2009, is scheduled to mature on October 31, 2011. The facility would be extended by an additional twenty six months and the new maturity of the facility would be December 31, 2013.

La Cámara Minera indicó que durante 2010 el país produjo 75 toneladas; el sector prevé que en dos años podría llegar al puesto número 10

Whether it was protests in Egypt or a GDP report that was disappointing to some, the market tripped and fell down the stairs in Friday’s session. The Dow was off 166 points, or nearly 1.4%. Meanwhile, the NASDAQ and S&P declined 2.48% and 1.79%, respectively.

CHICAGO (MarketWatch) — Canadian stocks gained Friday, sidestepping the steep selloff that knocked U.S. markets, as commodities and related stocks jumped on worries Egyptian protests could lead to unrest in the region’s main oil-producing nations.

The value of gold may be plummeting but many gold stocks are clocking double-digit gains, according to Lawrence Roulston, the editor of the Resource Opportunities newsletter and an expert on mining investments.”It’s definitely a buying opportunity. The fundamentals are strong, and we’re seeing weaknesses in the prices on a short-term basis here,” he says. In this exclusive interview with The Gold Report, Roulston explains why he loves the prospect generator model and why now is the perfect time to snub bullion and cozy up to mining equities.

El valor de las fusiones y adquisiciones de empresas en América Latina alcanzó los 215.088 millones de dólares (157.658 millones de euros) en el 2010, con México y Brasil a la cabeza. La cifra supone un aumento del 102%. Durante los primeros nueve meses del año, la actividad del sector en América Latina representó un 8% de la actividad global, la cuota más alta que ha tenido Latinoamérica en la historia. El negocio más ‘sobresaliente’ fue la consolidación del grupo Slim en la región, a través de la adquisición del Grupo Carso Global por parte de América Móvil.

Impresionante

No encuentro otras palabras para describir el buen momento que vive la economía estatal, luego de que el reporte de su desempeño en el 2010 alcanzara la cifra mágica de 7.7 por ciento y las expectativas se pongan este año que inicia por arriba del 6.4%.

Jan 28, 2011 (SmarTrend(R) Market Surveillance via COMTEX) — Ternium (NYSE:TX) is one of today’s notable stocks in decline, down 0.8% to $39.10. The S&P is currently trading 1% lower to 1,287 and the Dow Jones Industrial Average is trading 0.7% lower to 11,909.

Jan. 28 (Bloomberg) — Codelco, the world’s largest copper producer, sold its stake in a Chilean electricity company controlled by GDF Suez SA for $1.04 billion as part of a plan to raise funds for expansion.

The following is a list of securities that were bearish during the past 30 trading days. The NYSE gained 4.48% during this period but these securities significantly underperformed the index. These stocks made lows during most of the trading sessions in this period:

HL options saw interesting call action Thursday. A total of 5,283 Put and 17,001 Call contracts were traded raising a low Put/Call volume alert with at Put/Call ratio of 0.31, meaning that there were 3.22 Calls traded for each Put contract traded.

Gold may decline for a second day in New York after dropping to the lowest level in almost four months on reduced demand for a protection of wealth.

Newmont Mining Corp (NYSE: NEM) closed Thursday’s trading session at $55.37. In the past year, the stock has hit a 52-week low of $42.80 and 52-week high of $65.50.

It is reported that Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a very tight global copper market.

Paramount Resources Ltd. (TSX:POU) has agreed to sell an additional $70 million of its 8.25% senior unsecured notes due 2017 (the “Notes”) at a premium price of $1,030 per $1,000 principal amount to a syndicate of underwriters for public offering in Canada. The offering of additional Notes is expected to close on or about February 4, 2011. Proceeds from the offering will be used for capital expenditures and general corporate purposes.

Read more: http://www.digitaljournal.com/pr/210143#ixzz1CNbonCJs

January 27, 2011 – Southern Copper Corporation (NYSE and LSE: SCCO) (SCC)
announced today a quarterly dividend of 58.0 cents per share, payable on March 1,2011, to shareholders of record at the close of business on February 15, 2011.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 27, 2011) – Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) today announced that its unaudited 2010 fourth quarter results will be released on Tuesday, February 15, 2011 after market closes. A conference call and live audio webcast to discuss the results will be held on Wednesday, February 16th at 11:00 am ET (8:00 am PT).

Santa Fe Gold Corporation (OTC: SFEG) $1.03 Stock has been under a selling pressure on an increased volume compared to its average volume of 161,000. As of this morning, the stock has been unchanged. It has a beta of 1.37 and a volatility average of 55.04 with a 52 wk high of 1.38 and a 52-week low of 0.77.

Capstone Mining (CS: TSX) said Wednesday it produced 18.9 million pounds of copper concentrate in the fourth quarter as output from one of its mines fell behind.

Arcelor Mittal (NYSE:MT) closed Tuesday’s choppy trading session at $37.88.

Lake Shore Gold Corp. (“Lake Shore Gold” or the “Company”) today announced production and expenditure guidance for 2011 including 140,000 ounces of gold mined from all sources and mill production targeted at 125,000 ounces, with an additional 35,000 ounces of gold expected to be in inventory stockpiles at year end. Capital expenditures for the year are projected at $75.0 million, excluding exploration expenditures, capitalized operating costs and gold sales from development assets, with costs largely related to development work at Thunder Creek and Timmins Mine.

London, England, Arian Silver Corporation (the “Company”) (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A) received a notification on 25 January 2011 that Sprott Asset Management LLP, on behalf of managed funds, holds 50,298,888 common shares representing approximately 16.71% of the voting rights of the Company, compared to an interest of 12.7% previously announced. The change relates to the exercise of share purchase warrants.

As a follow-up to my article on the next generation of mid-tier silver miners, the following contains a list of the silver companies I expect to outperform the group as a whole. In order to avoid repetition I will summarize some of what is included in the aforementioned article, provide operational updates and additional companies.