Month: February 2011

Mexico mining sector ripe for acquisitions – Chamber

Reuters reported that Mexico’s mining chamber said at least 50 silver, gold, copper and zinc projects are attractive targets for mergers or acquisitions and high metals prices will draw USD 4.4 billion in mining investment to the country this year.

TSX Edges Up At Open Tuesday

Toronto stocks edged up at open Tuesday amid buying in gold and energy stocks. The S&P/TSX Composite Index added 20.65 points or 0.15 percent to 14,143.76.

Riverside Resources’ Mexican project generation continues to add value

Riverside Resources is a gold and silver explorer focused on developing a portfolio of high potential projects in Mexico, and the United States. Riverside utilizes the Prospect Generator business model to ally themselves with strategic joint venture partners that will expose the company to substantial resource growth while limiting capital dilution.

Pan American Silver Struck by Negative Broker Comments

Wall Street turned a cold shoulder to Pan American Silver (PAAS) this morning, as a flurry of price-target cuts and a downgrade hit the shares. RBC lowered its price target to $43 from $46, while rating the stock an “outperform.” Cormark cut the stock to C$38 from C$39, while CIBC lowered its forecast to $48 from $54. UBS trimmed its price target to $49 from $50. Meanwhile, TD Newcrest downgraded the shares from “buy” to “hold,” and dropped its price target to $41 from $45.

Southern Copper sees merger recommendation by mid-year

Southern Copper (SCCO.N) Chief Executive Oscar Gonzalez said on Thursday he expects to have a recommendation from an independent committee evaluating a proposal to merge with U.S. copper miner Asarco by mid year.

Lithium: The Commodity of the 21st Century

All indications are that by 2020 auto companies will be manufacturing more EVs and hybrid electric vehicles than gas powered cars. Certainly that is the case for China, India and Europe. America will trail this world-changing development, but will eventually be brought into the lithium economy kicking and screaming.

Goldgroup Mining: one of the best exploration plays on the TSX?

Goldgroup Mining (TSX:GGA, OTC: GGAZF) certainly stands out from the pack of Mexican focused mining juniors due to its all-star shareholder register, management track record and recent transactions that have confirmed it is a company going places – fast.

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.

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