Contrarian Stock Market Investing News - Featuring Bargain Stocks » Brilliant Mining 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: Friday, January 30th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-friday-january-30th-2009/12660 http://www.contrarianprofits.com/articles/resource-stock-roundup-friday-january-30th-2009/12660#comments Fri, 30 Jan 2009 20:00:44 +0000 Doug Casey http://www.contrarianprofits.com/?p=12660 It was gold’s turn to shine during Thursday trading on the Canadian markets with investors running for cover in a sea of weak economic data. For the tale of the tape, the TSX Exchange fell 1.61%, while the TSX Gold Index surged 6.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.22% with the advancing issuers beating out the decliners by a 396 to 318 margin on 120 million shares traded.

Iamgold (NYSE:IAG) produced 997,000 ounces of gold in 2008 at cash costs of between $455 to $470 per ounce. Production for 2009 is expected to hit 880,000 ounces of gold at an average cash cost of $470 to $480 per ounce. Iamgold closed up C$0.50 at C$8.42.

Bravo…

]]> It was gold’s turn to shine during Thursday trading on the Canadian markets with investors running for cover in a sea of weak economic data. For the tale of the tape, the TSX Exchange fell 1.61%, while the TSX Gold Index surged 6.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.22% with the advancing issuers beating out the decliners by a 396 to 318 margin on 120 million shares traded.

Iamgold (NYSE:IAG) produced 997,000 ounces of gold in 2008 at cash costs of between $455 to $470 per ounce. Production for 2009 is expected to hit 880,000 ounces of gold at an average cash cost of $470 to $480 per ounce. Iamgold closed up C$0.50 at C$8.42.

Bravo Venture tabled a 1.2 metre intercept running 1,672 grams silver and 2 grams gold per tonne at its Homestake Ridge project in northwestern British Columbia. Bravo ended the day flat at C$0.46.

Brilliant Mining reported record nickel metal production for the December 2008 Quarter from its 25% owned high-grade Lanfranchi Nickel Mine in Western Australia. Some 873,390 pounds of payable nickel went to the company. Brilliant ended the session down C$0.01 at C$0.175.

The rising price of bullion helped spark some trading activity in the beaten down junior resource space. We will see what Friday trading has in store.


Source: Resource Stock Roundup: Friday, January 30th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundup-friday-january-30th-2009/12660/feed 0 Resource Stock Roundup: Thursday, January 15th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-15th-2009/11584 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-15th-2009/11584#comments Thu, 15 Jan 2009 20:10:08 +0000 Doug Casey http://www.contrarianprofits.com/?p=11584 It was another sea of red during Wednesday trading on the Canadian Markets, with resource-related stocks hit hard thanks to more bad news on the global economic front. For the tale of the tape, the TSX Exchange fell 3.05%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 2.23%, with the declining issuers edging out the advancers by a 461 to 268 margin on volume of 155 million shares traded.

Northern Freegold Resources continues to tag some nice numbers at its Nucleus zone on the Freegold Mountain project in the Yukon. The latest included 92.74 grams gold per tonne over 1.23 metres. Northern ended the session up C$0.07 at C$0.26.

Brilliant Mining tabled a…

]]> It was another sea of red during Wednesday trading on the Canadian Markets, with resource-related stocks hit hard thanks to more bad news on the global economic front. For the tale of the tape, the TSX Exchange fell 3.05%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 2.23%, with the declining issuers edging out the advancers by a 461 to 268 margin on volume of 155 million shares traded.

Northern Freegold Resources continues to tag some nice numbers at its Nucleus zone on the Freegold Mountain project in the Yukon. The latest included 92.74 grams gold per tonne over 1.23 metres. Northern ended the session up C$0.07 at C$0.26.

Brilliant Mining tabled a 39 per cent jump in indicated resources at its 25 per cent owned Lanfranchi mine in Western Australia. The tally now sits at 2.44 million tonnes grading 2.93 per cent nickel. Brilliant ended the day up C$0.03 at C$0.23.

StrataGold added C$0.045 to close at C$0.075 after reporting that its Dublin Gulch Eagle zone in the Yukon holds an indicated resource of 2.69 million ounces of gold.

Moving to Venzuela, Rusoro Mining posted record quarterly gold production of 38,868 ounces of gold from its Choco 10 operations in the fourth quarter of 2008. Rusoro ended the day up C$0.05 at C$0.65.

The equity losses are starting to mount for 2009 and we are only in the second full week of trading. No light at the end of the bad economic news tunnel, and even good exploration results are generally being ignored. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, January 15th, 2009

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