Contrarian Stock Market Investing News - Featuring Bargain Stocks » Fortuna Silver Mines 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 16th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-january-16th-2009/11698 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-january-16th-2009/11698#comments Fri, 16 Jan 2009 20:30:48 +0000 Doug Casey http://www.contrarianprofits.com/?p=11698 The selling continued early in the trading session with investors worried about the survivability of the financials but a massive mid-day reversal propelled equities higher during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange added 2.20%, while the TSX Gold Index popped 5.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.62% with the declining issuers edging out the advancers by a 363 to 270 margin on a paltry 106 million shares traded.

Iamgold (NYSE:IAG) came out with a preliminary assessment study for its Westwood project in Quebec. The miner envisions producing 187,000 ounces of gold per year for 15 years with cash costs ringing in at $298 per ounce.…

]]> The selling continued early in the trading session with investors worried about the survivability of the financials but a massive mid-day reversal propelled equities higher during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange added 2.20%, while the TSX Gold Index popped 5.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.62% with the declining issuers edging out the advancers by a 363 to 270 margin on a paltry 106 million shares traded.

Iamgold (NYSE:IAG) came out with a preliminary assessment study for its Westwood project in Quebec. The miner envisions producing 187,000 ounces of gold per year for 15 years with cash costs ringing in at $298 per ounce. Capital costs are projected at $329 million. Iamgold ended the day up C$0.85 at C$7.60.

In Mexico, Fortuna Silver Mines reports that commercial concentrate grades from its San Jose project came in at 135 grams gold and 17,130 grams silver per tonne with recoveries of 88 per cent. Fortuna ended the session up C$0.03 at C$0.93.

Luna Gold’s Piaba gold project in Brazil now holds a measured and indicated resource of 19.6 million tonnes grading 1.34 grams gold per tonne. That’s a 21 per cent jump over the earlier estimate. Luna closed the session at C$0.14 for a C$0.03 gain.

The optimist in me says the late day buying marks the start of another bear market rally, but the pragmatist in me says that there is little reason for equities to move higher. We will see what Friday trading has in store.

Source: Resource Stock Roundup:Friday, January 16th, 2009

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