Contrarian Stock Market Investing News - Featuring Bargain Stocks » Arcus Development Group http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup: Thursday, June 11th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-june-11th-2009/17810 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-june-11th-2009/17810#comments Thu, 11 Jun 2009 19:25:49 +0000 Doug Casey http://www.contrarianprofits.com/?p=17810 The resource rich Canadian markets took a breather during mid-week trading. For the tale of the tape, the TSX Exchange added a modest 0.48%, while the TSX Gold Index lost another 0.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.14% with the decliners edging out the advancers by a 433 to 425 margin on a robust 225 million shares traded.
Yamana Gold (NYSE:AUY) sold three of its non-core operating mines to Aura Minerals for a cool $90 million in cash, $70 million in deferred cash payments and $40 million in Aura stock. The first part of the sale includes the San Andres mine in Honduras and that nets the major US$74 million. The second part, which is…

]]> The resource rich Canadian markets took a breather during mid-week trading. For the tale of the tape, the TSX Exchange added a modest 0.48%, while the TSX Gold Index lost another 0.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.14% with the decliners edging out the advancers by a 433 to 425 margin on a robust 225 million shares traded.
Yamana Gold (NYSE:AUY) sold three of its non-core operating mines to Aura Minerals for a cool $90 million in cash, $70 million in deferred cash payments and $40 million in Aura stock. The first part of the sale includes the San Andres mine in Honduras and that nets the major US$74 million. The second part, which is expected to close by year-end, is the sale of the Sao Francisco and Sao Vicente mines in Brazil. Yamana ended the day down C$0.42 at C$11.24, while Aura closed at C$0.52 for a C$0.08 gain.

Shares of Crowflight Mines added C$0.065 to close at C$0.305 after the company announced that commercial production has started at it Bucko Lake nickel mine in Manitoba.

Arcus Development Group got a boost after Atac Resources granted Arcus an option to acquire a 50% interest in the Green Gulch, Touleary, Dan Man and Shamrock gold prospects, collectively referred to as the Dawson gold project. The Green Gulch claims are wholly surrounded by Underworld Resources White Gold discovery property. Arcus added C$0.05 to close at C$0.13, while Atac lost C$0.025 to close at C$0.325.

The deals continue to flow but the overall market still seems to be getting tired after its strong run up over the past few months. We shall see what Thursday trading has in store.
Source: Resource Stock Roundup: Thursday, June 11th, 2009

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