Contrarian Stock Market Investing News - Featuring Bargain Stocks » Mindoro Resources 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:Wednesday, May 06th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupwednesday-may-06th-2009/16318 http://www.contrarianprofits.com/articles/resource-stock-roundupwednesday-may-06th-2009/16318#comments Wed, 06 May 2009 19:30:16 +0000 Doug Casey http://www.contrarianprofits.com/?p=16318 After posting stellar gains on Monday, the Canadian Markets took a well deserved breather during Tuesday’s session. For the tale of the tape, the TSX Exchange added 0.19%, while the TSX Gold Index fell 0.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.31% with the decliners beating out the advancers by a 437 to 397 margin on good volumes of 207 million shares traded.

Mindoro Resources inked a deal allowing Gold Fields (NYSE:GFI) the right to earn up to a 75 per cent stake in Mindoro’s El Paso, Lobo and Talahib porphyry copper-gold projects in the Philippines. Gold Fields must fund all the exploration and produce a feasibility study for each project to earn the interest. Mindoro…

]]> After posting stellar gains on Monday, the Canadian Markets took a well deserved breather during Tuesday’s session. For the tale of the tape, the TSX Exchange added 0.19%, while the TSX Gold Index fell 0.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.31% with the decliners beating out the advancers by a 437 to 397 margin on good volumes of 207 million shares traded.

Mindoro Resources inked a deal allowing Gold Fields (NYSE:GFI) the right to earn up to a 75 per cent stake in Mindoro’s El Paso, Lobo and Talahib porphyry copper-gold projects in the Philippines. Gold Fields must fund all the exploration and produce a feasibility study for each project to earn the interest. Mindoro ended the day up C$0.01 at C$0.15.

Tenajon Resources tabled an updated resource for its Moly Brook zone in Newfoundland. At a cut-off of 0.04% molybdenum, the indicated resource tallies 86.8 million tonnes grading 0.065% molybdenum and the inferred resource came in at 31.3 million tonnes grading 0.056% molybdenum. Tenajon ended the day down C$0.02 at C$0.10.

HudBay Minerals lost $3.95 million in the first quarter, compared with a profit of $21.52 million in the same period of 2008. The lower earnings reflect significantly lower realized prices for copper and zinc in 2009. On the exploration front, HudBay cut 23.11 grams gold per tonne over 8.75 metres at its Lalor deposit in Manitoba. HudBay ended the day down C$0.18 at C$8.65.

The Canadian markets are showing exceptional resilience in the face of still-weak economic data. We shall see what Wednesday trading has in store.

Source: Resource Stock Roundup: Wednesday, May 06th, 2009

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