Aurizon Mines (AMEX:AZK) inked a C$50 million bought deal financing comprising just over 9.7 million shares priced at C$5.15 each. The gold miner ended the day down C$0.51 at C$5.13.

Shares of Goldsource Mines continued to slump on the back of the last batch of drill results from the Border coal project in Saskatchewan. Goldsource fell C$0.15 to C$1.38.

Teck Cominco (NYSE:TCK) cashed in 5.6 million shares of Kinross Gold (NYSE:KGC) that it acquired in January on the sale of Teck’s sixty per cent interest in the Lobo Marte property in Chile. Teck got $18 per share for a cool $141 million. Teck ended the day up C$0.77 at C$8.74.

We may have bounced off the bottom but on a year over year comparison, the value of trades on the junior bourse is down 77.2 per cent, while the trading volumes are down 29.7 per cent. More importantly, equity financings are down 64.8 per cent over the first three months of 2009. We shall see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, April 09th, 2009

Aurizon Mines (AMEX:AZK) posted a profit of $4.9 million or $0.03 per share in 2008 with gold production in the fourth quarter hitting 38,363 ounces. Aurizon ended the day up C$0.22 at C$4.42.

Not to be outdone, Alamos Gold earned $29.38 million or $0.31 per share in 2008 with gold sales reaching nearly $133 million. Alamos ended the session up C$0.66 at C$8.05.

Khan Resources tabled an internal rate of return of 29.1% for its Dornod uranium project in Mongolia. The study uses a $65 per pound U308 price and envisions a 3,500 tonne per day operation for a period of 15 years producing 3 million pounds of U308 per year. Khan ended the day up C$0.08 at C$0.39.

Shares of Rainy River added C$0.09 to close at C$1.85 after the company reported drill intercepts of 5.46 grams gold per tonne over 7.5 metres and 5.69 grams gold per tonne over 3.7 metres on its Target 1 in Ontario.

That’s two strong days in a row for the broader markets so perhaps the over due rally is now underway. That said, more weak economic data should be forthcoming and that may put a damper on the current mood. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, March 12th, 2009

For the tail of the tape; the TSX Exchange fell 0.42%, while the TSX Gold Index (TSX:XGD) gave back 4.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.82% with the declining issuers beating out the advancers by a 520 to 327 margin on pathetic volume of only 95 million shares traded.

In the face of high operating costs, Yukon-Nevada Gold (TSE:YNG) has decided to suspend its underground operations at its Jerritt Canyon mine in Nevada and focus on operating the profitable 4,000 ton per day mill that has been refurbished over the past six months. Yukon-Nevada ended the day down C$0.31 at C$0.54.

Aurizon Mines (AMEX:AZK) tallied earnings of $5.6 million or $0.04 per share during the second quarter on production of 36,871 ounces of gold from its Casa Berardi mine in Quebec. Aurizon ended the day down C$0.10 at C$4.17.

NovaGold Resources (AMEX:NG) and several of its officers have been named as defendants in a purported securities class action lawsuit filed in the United States District Court for the Southern District of New York. The complaint alleges that the company failed to disclose materially adverse facts concerning its operations and prospects in various public statements. The lawsuit comes on the heels of NovaGold halting development of its huge 50% owned Galore Creek project in British Columbia due to big capital cost increases. NovaGold ended the day down C$0.38 at C$7.06.

The junior bourse is now at levels last seen in 2005 and there appears to be no end in sight for the much beleaguered junior explorers. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Saturday, August 9th, 2008