Contrarian Stock Market Investing News - Featuring Bargain Stocks » Mercator Minerals 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, July 9, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-july-9-2009/18935 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-july-9-2009/18935#comments Thu, 09 Jul 2009 22:30:59 +0000 Doug Casey http://www.contrarianprofits.com/?p=18935 The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.
Shares of Atac Resources gave back C$0.03 of yesterday’s C$0.19 gain to close at C$0.60. Atac reported a drill intercept of 24.07 grams gold per tonne over 28.04 metres including 5.34 metres of just over 100 grams gold per tonne from its Rau project in the Yukon.

Mercator Minerals shipped 9,091,708 pounds of copper, 418,987 pounds of molybdenum…

]]> The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.
Shares of Atac Resources gave back C$0.03 of yesterday’s C$0.19 gain to close at C$0.60. Atac reported a drill intercept of 24.07 grams gold per tonne over 28.04 metres including 5.34 metres of just over 100 grams gold per tonne from its Rau project in the Yukon.

Mercator Minerals shipped 9,091,708 pounds of copper, 418,987 pounds of molybdenum and 56,441 ounces of silver from its Mineral Park Mine in Arizona during the second quarter. In the process the company generated $5.7 million in earnings before interest, taxes, depreciation and amortization. Despite the news, Mercator failed to fight the downdraft in the market as the company ended the day down C$0.08 at C$1.13.

Exeter Resource (AMEX:XRA) tabled an inferred resource of 646,000 ounces of gold equivalent, which comprises 371,000 ounces of gold at a grade of 10.5 grams gold per tonne and 19.2 million ounces of silver at a grade of 545 grams silver per tonne at its Cerro Moro project in Argentina. Exeter ended the day down C$0.21 at C$3 even.

Bucking the down trend on no new developments was Quest Uranium. Rumours are that the company is attracting big player interest thanks to their Strange Lake rare earth project in Quebec. Quest ended the day up C$0.13 at C$0.425

The falling price of oil and bullion is putting immense pressure on the resource rich Canadian markets. We shall see what Thursday trading has in store.


Source: Resource Stock Roundup:Thursday, July 9, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-july-9-2009/18935/feed 0 Resource Stock Roundup: Tuesday, January 06th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-january-06th-2009/10948 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-january-06th-2009/10948#comments Tue, 06 Jan 2009 20:05:05 +0000 Doug Casey http://www.contrarianprofits.com/?p=10948 The Canadian Markets started the first full trading week of 2009 in a festive mode with buyers continuing to step up to the plate during Monday’s session. For the tale of the tape, the TSX Exchange added 0.56%, while the TSX Gold Index got hammered to the tune of 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 3.28% with the advancing issuers beating out the decliners by a 515 to 264 margin on volume of 159 million shares traded.

A new resource estimate for the Raven deposit in Saskatchewan helped shares of UEX Corporation add C$0.17 to close at C$1.08. The resource tallied 3.97 million tonnes grading 0.105% U308 in the indicated category and 0.49 million tonnes…

]]> The Canadian Markets started the first full trading week of 2009 in a festive mode with buyers continuing to step up to the plate during Monday’s session. For the tale of the tape, the TSX Exchange added 0.56%, while the TSX Gold Index got hammered to the tune of 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 3.28% with the advancing issuers beating out the decliners by a 515 to 264 margin on volume of 159 million shares traded.

A new resource estimate for the Raven deposit in Saskatchewan helped shares of UEX Corporation add C$0.17 to close at C$1.08. The resource tallied 3.97 million tonnes grading 0.105% U308 in the indicated category and 0.49 million tonnes grading 0.104% U308 in the inferred camp.

It was also a good day for Mercator Minerals. The company reported that it has begun the shipping of copper concentrates from its Mineral Park Mine in Arizona. Mercator ended the day up C$0.30 at C$0.85.

Shares of Teck Cominco (NYSE:TCK) continued to rebound adding C$1.18 to close at C$8.20.

The junior market continues to attract buyers even as the price of bullion lost ground. This bodes well for a sustained rally in January. We will see what Tuesday trading has in store.


Source: Resource Stock Roundup: Tuesday, January 06th, 2009

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