Rohstoffthread (Archiv)

[greenhorn]

May 05, 2008 08:30 ET
Goldcorp First Quarter Earnings Increase 84%
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) -

All Amounts in $US unless stated otherwise

GOLDCORP INC. (TSX:G)(NYSE:GG) today reported net earnings of $229.5 million, or $0.32 per share, for the quarter ended March 31, 2008, an increase of 84% over net earnings in the first quarter of 2007. Adjusted net earnings(1) doubled to $164.7 million, or $0.23 per share, compared to $82.8 million, or $0.12 per share, in the same period a year ago.

First Quarter 2008 Highlights:

- Revenues increased 32% to $626.7 million on gold production of 521,900 ounces.

- Total cash costs of $240 per gold ounce(2), net of by-product copper and silver credits.

das nennt man profitabel!!!!!!!!!!!!!!

- Cash margin growth of 60% outpaced a 43% increase in realized gold price of $932 per ounce.

- Operating cash flow increased 35% to $239.1 million, before changes in working capital(3).

- Paid $31.9 million in dividends.

- Completed sale of Silver Wheaton shares for $1.6 billion.

"Goldcorp's Latin American assets were our strongest performers against a backdrop of record-high realized gold prices in the first quarter," said Kevin McArthur, President and Chief Executive Officer. "The results of Los Filos mine were particularly encouraging in its first full quarter of commercial production, contributing to Goldcorp's status as the largest gold producer in Mexico. Marlin mine also exceeded expectations in the quarter, continuing the trend of quarterly production growth. This performance combined with low cash costs for the quarter of $240 per ounce, resulted in a 60% growth in cash margins, providing our shareholders with excellent exposure to gold price increases.

"At Penasquito, we saw excellent progress in the construction of our largest asset. With over $920 million already invested and committed in the project, we remain confident in our total capital expenditure estimate of $1.5 billion. Heap leaching is now underway and the project remains on schedule for the first gold pour from oxide ore in 2008.

"The Canadian mines experienced a slow start to the year. Looking to the balance of 2008, our plan calls for increased production quarter-over-quarter, reflecting our overall growth profile. With seasonal issues and operational challenges at some of our Canadian mines largely behind us, higher production is anticipated in the later portion of the year."

Financial Review

A record-high realized gold price of $932 per ounce drove a 32% increase in revenues in the first quarter to $626.7 million compared to $474.2 million in the first quarter of 2007. Gold sales for the quarter totalled 517,800 ounces at a total cash cost of $240 per ounce, compared with 527,000 ounces at a total cash cost of $181 per ounce in 2007. The increase in total cash costs was due to a strengthening Canadian dollar, increased labour and higher consumable costs, partially offset by higher realized copper prices. Total cash costs on a co-product basis were $396 per ounce in the first quarter.

The Company reported net earnings of $229.5 million or $0.32 per share, compared to $124.9 million or $0.17 per share in the first quarter of 2007. Adjusted net earnings totalled $164.7 million, or $0.23 per share. First quarter 2008 adjusted net earnings exclude the effect of a $136.5 million gain on the sale of Goldcorp's Silver Wheaton shares, a non-cash $56.6 million foreign exchange loss on revaluation of future income tax liabilities and a $16.0 million unrealized non-hedge copper derivative loss. Cash flow from operations before working capital changes increased 35% to $239.1 million, or $0.34 per share, from $176.8 million, or $0.25 per share, in the first quarter of 2007.

Operations Review

Canada

Red Lake mine produced 128,500 ounces of gold in the first quarter of 2008 compared to 179,400 ounces in the year-ago period, with lower performance resulting primarily from mine sequencing issues. Difficulty in one long-hole stope, work on the ventilation project and unplanned mining of small, lower grade 'stringers' all contributed to the sequencing issue. These factors impacted first quarter production by approximately 30,200 ounces. Mine plans are now being reviewed in an effort to make up for the lost production by year-end.

Gold production at Porcupine in Ontario was 66,800 ounces, essentially flat compared to the prior year. Higher expected gold grades in the Pamour open pit operation as well as improvements at the Hoyle Pond underground are expected to enhance production throughout the remainder of 2008.

Gold production at Musselwhite in Ontario was 38,800 ounces in the first quarter. Production was adversely affected by mechanical failures in the underground crusher and conveyor system which halted production for 18 days during the quarter. Normal underground operations have resumed at planned throughput rates.

In the first quarter of 2008, intensive drilling at Eleonore continued with up to six rigs in operation, concentrating on the deep, north and south extensions of the deposit. Positive drilling results continue to be received and the focus in 2008 is to better define and understand the deposit. An initial pre-feasibility study to investigate the primary physical, technical and economic components of the proposed project is currently under review. Results thus far have indicated a need to further focus on the higher grade areas in the deposit, including new high grade zones discovered with recent drilling. The feasibility study is unlikely to be completed in 2008 while exploration in the higher grade areas continues.

Latin America

The Los Filos open pit mine completed its first full quarter of commercial production with 45,000 gold ounces produced at a total cash cost of $273 per ounce. Ore mined versus the reserves model, solution application rates and gold recovery rates in the heap have all met or exceeded expectations. Production is expected to grow throughout 2008 as the mine advances beyond the initial start-up phase.

At Penasquito, completion of engineering, procurement and construction management activities for the entire project approached the halfway mark by the end of the first quarter. Important construction work has been completed, including the Merrill-Crowe plant, the primary crusher structure, and the concrete pour for the foundation of the second SAG mill. The 400kv power line has also been completed. Over one million tonnes of oxide ore have now been placed on the leach pad and processing activities have commenced. The first gold pour from the heap leaching circuit is expected in 2008.

Marlin mine in Guatemala produced a record 70,300 ounces of gold in the first quarter. Performance was positively affected by enhanced recovery rates from the addition of a seventh leach tank and by increased mine productivity.

Corporate Responsibility

Goldcorp was pleased to announce in the first quarter that its El Sauzal mine in Mexico became the first gold mine in Mexico to be fully certified under the International Cyanide Code. This follows full certification in early 2007 of the Company's Marigold mine in Nevada (66.7% Goldcorp, 33.3% Barrick) which was the first gold mine in the world to be so certified. The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide, first developed under the auspices of the United Nations Environment Programme with the goal of safeguarding human health and the environment by promoting responsible management of cyanide used in gold mining.

Also of note, Porcupine received the 2008 Nova Award for Environmental Achievement for its innovations in historical tailings reclamation and synergies with other resource industries.

This release should be read in conjunction with Goldcorp's first quarter 2008 MD&A report on the Company's website, www.goldcorp.com, in the "Investors" section under "Financials".

A conference call will be held today at 10:00 a.m. (PDT) to discuss these results. Participants may join the call by dialing toll free 1-866-226-1799 or 416-641-6129 for calls from outside Canada and the US. A recorded playback of the call can be accessed after the event until June 5, 2008 by dialing 1-800-408-3053 or 416-695-5800 for calls outside Canada and the US. Passcode: 3256389. A live and archived audio webcast will also be available at www.goldcorp.com.

 

[greenhorn]

Serengeti Extends Exercise Term of Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) advises that, subject to regulatory approval, it has agreed to extend the exercise term of a total of 2,333,200 share purchase warrants issued in its brokered and non brokered private placements, raising aggregate proceeds of $19,999,200.00, which closed June 8, 2008.

The Company intends to extend the exercise term of the above warrants for an additional 12 months, from an expiry date of June 8, 2008 to an expiry date of 4:30 pm Vancouver Time on June 8, 2009. The exercise price of these warrants will remain at $4.00 per share.

About Serengeti

 

[greenhorn]

Scorpio drills 30 m of 164 g/t Ag, 1.29% Pb, 4.22% Zn


2008-05-05 08:25 ET - News Release

Mr. Peter Hawley reports

SCORPIO'S DRILLING OF THE MAIN ZONE FROM THE 8TH LEVEL OF THE NUESTRA SENORA DEPOSIT INTERSECTS 6.8, 14.3, 12.9 AND 30.0 METRES OF MINERALIZATION IN ONE HOLE

Scorpio Mining Corp. is providing additional drill results from the eighth level of the Nuestra Senora deposit at the 100-per-cent-owned Nuestra Senora project, Sinaloa state, Mexico.

Peter J. Hawley, chairman and chief executive officer, reports: "The robust nature of the mineralization within the Nuestra Senora main zone and its seven peripheral satellite zones continues to be demonstrated with results such as in Hole NS8L-08-72, which targeted the centre of the Main zone mineralization and reported four mineralized intersections totalling 64 metres core length within a 73.2-metre section of core-length over all."

The underground drill holes presented in the attached table were drilled from the eighth level (approximately 130 metres below surface) as part of the continuing program to define the extent of the mineralization for mine planning and upgrading of mineral resources.

 

[dukezero]

greenhorn schrieb am 05.05.2008, 14:44 Uhr[/url]"]Serengeti Extends Exercise Term of Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) advises that, subject to regulatory approval, it has agreed to extend the exercise term of a total of 2,333,200 share purchase warrants issued in its brokered and non brokered private placements, raising aggregate proceeds of $19,999,200.00, which closed June 8, 2008.

The Company intends to extend the exercise term of the above warrants for an additional 12 months, from an expiry date of June 8, 2008 to an expiry date of 4:30 pm Vancouver Time on June 8, 2009. The exercise price of these warrants will remain at $4.00 per share.

About Serengeti

Das klingt aber auch so als ist da was im Busch!!


TURNAROUND TIMES FOR SERENGETI ASSAYS WITH TODAYS OVER WORKED AND UNDER MANNED LABORATORIES IS A PHENOMENALLY SHORT 3 TO 4 WEEKS WITH THEIR USUAL 4 TO 6 CORE SAMPLE ORDERS PER DELIVERY.
UTILIZING THE TECH GLOBAL DISCOVERY LABS ALLOWS FOR THIS CONSISTENCY.

HAVING JUST CONTACTED AND SPOKEN TO SIR INVESTOR RELATIONS, THE NEXT SET OF 4 TO 6 ASSAYS FROM THE KWANIKA PROJECT ARE EXPECTED NEXT WEEK.

CONCERNING THE METALLURGICAL STUDY AND MY PREVIOUS POST WHERE I STATED.

"A DETAILED METALLURGICAL STUDY
OF THE KWANIKA DRILL CORE HAS BEEN UNDERTAKENTO OPTIMIZE RECOVERY RATES AND WILLBE RELEASED TUESDAY OR WEDNESDAY OF THISWEEK .
THIS PUTS THE KWANIKA ASSAYS UNDER THE MAGNIFYING GLASS AND AMPLIFIES ALREADY GREAT DRILL RESULTS."

THE RELEASE HAD BEEN INTERNALLY DELAYED AND WILL BE OUT THIS WEEK.

 

[greenhorn]

@dukezero - genau den Gedanken hatte ich auch, aber dann haben mich etliche Erinnerungen eingeholt, wo auch Warrant zu sehr hohen Preisen rausgegeben wurden..........

 

[dukezero]

greenhorn schrieb am 05.05.2008, 15:48 Uhr[/url]"]@dukezero - genau den Gedanken hatte ich auch, aber dann haben mich etliche Erinnerungen eingeholt, wo auch Warrant zu sehr hohen Preisen rausgegeben wurden..........

Hier kommen aber News!

 

[greenhorn]

jaaa, das iss ja das "schlimme", war bei den anderen auch so...........ich lege die mir mal auf die WL,kannst ja Signal geben wenn du meinst : JETZT...............

dukezero schrieb am 05.05.2008, 15:52 Uhr[/url]"]

greenhorn schrieb am 05.05.2008, 15:48 Uhr[/url]"]@dukezero - genau den Gedanken hatte ich auch, aber dann haben mich etliche Erinnerungen eingeholt, wo auch Warrant zu sehr hohen Preisen rausgegeben wurden..........

Hier kommen aber News!

 

[greenhorn]

:D May 05, 2008 10:05 ET
Largo Earns Interest in Maracas Vanadium Project in Bahia, Brazil
TORONTO, ONTARIO--(Marketwire - May 5, 2008) - Largo Resources Ltd. (TSX VENTURE:LGO) ("Largo") is pleased to announce that it has obtained its initial interest in the Maracas vanadium project in Brazil by satisfying its obligations under the April 2007 purchase and sale agreement.

Pursuant to the agreement, Largo has made an aggregate payment of US$4 million to Odbpar Investimentos S.A. and Companhia Vale Do Rio Doce in consideration of a 50% plus 1 share interest in Companhia de Maracas (the "Holding Company"). The Holding Company holds a 95.38% equity interest in Vanadio de Maracas Ltda., an entity that owns the mining rights for vanadium in respect of the Maracas property. MNFB. Largo's partners in the Maracas property shall be provided a 4.5% interest in Companhia de Maracas.

As announced on December 12, 2007, Largo has initiated a Feasibility Study on the property and expects results of the study by the end of June 2008.

Mark Brennan, the President and Chief Executive Officer of Largo, commented, "We are extremely pleased to satisfy our commitments and earn our initial interest in the Maracas property. In its December 2007 scoping study on the project, Micon International projected robust economics for the project. Earning this initial interest is our latest step towards earning up to an 80% interest in the Holding Company and bringing the project into production."

Largo is required to make a final payment of US$5 million by November 1, 2008 in order to acquire an additional 35% less 1 share interest in the Holding Company's issued and outstanding shares. Largo has agreed to pay interest of 5.5% per annum to the Vendors in respect of the portion of the purchase price not yet paid. Largo and its partner also have the option to acquire a further 10% interest in the Holding Company's shares with a payment of $8 million dollars by November 1, 2008.

In connection with the payment of US$4 million under the purchase and sale agreement, Largo has borrowed US$4.5 million from Aberdeen International Inc. pursuant to a convertible debenture. At any time, Aberdeen can elect to convert some or all of the principal and interest outstanding under the debenture into Largo common shares at a price of $0.65 per common share. The convertible debenture matures and is repayable in 60 days, but Largo can extend the maturity date to November 1, 2008 upon payment of US$100,000. Amounts outstanding under the debenture shall be secured against the assets of Largo, including its shares of the Holding Company. In consideration for the loan, Largo is to pay a fee of US$250,000 and, subject to regulatory approval, issue 2.5 million share purchase warrants to Aberdeen. Each share purchase warrant will be exercisable for one Largo common share at a price of $0.55 for the twelve months following issue and $0.60 for the subsequent six months. Largo and Aberdeen have two directors and one officer in common and, as a result, are non-arm`s length parties for the purposes of the TSX Venture Exchange.

 

[KOC]

hallo

hat einer von euch den umsatz bei cuervo (crr) bemerkt ???

gruss
koc

 

[dukezero]

KOC schrieb am 05.05.2008, 16:13 Uhr[/url]"]hallo

hat einer von euch den umsatz bei cuervo (crr) bemerkt ???

gruss
koc

Fetter Blocktrade auf der 1,14 Cad. Die fliegt eh bald!!

 

[greenhorn]

May 05, 2008 11:25 ET
Amera Completes Geophysical Program on Cocha Copper-Silver-Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Amera Resources Corporation (the "Company") (TSX VENTURE:AMS)(OTCBB:AJRSF)(FRANKFURT:OAY) is pleased to report VDG del Peru S.A.C. has completed a total of 37.5 line kilometres of Induced Polarization (IP) and 39.7 line kilometres of ground magnetometer surveys covering the Central Cocha, South Cocha and East Cocha targets on the Company's 7,000ha Cocha copper-silver-gold project in Junin Department, Peru.

The Central Cocha target forms a chargeability anomaly that corresponds to the mineralization intersected in drillholes and sampled on surface at the Discovery Outcrop Zone. A strong, broad chargeability anomaly crosscuts the down dip extension from the mineralized zone and resembles a sulfide-bearing intrusion starting at 200m depth beneath the surface. At South Cocha, a linear high chargeability anomaly corresponds with mineralized outcrop and is open to depth, while a parallel buried linear chargeability high delineates a second drill target to the northwest. At East Cocha narrow high grade gold-silver-copper mineralization corresponds to low chargeability, and is flanked by two strong chargeability highs concealed beneath alluvial cover.

"This geophysical work program has generated some very attractive drill targets," stated Nikolaos Cacos, President and C.E.O. "It is particularly encouraging that we have established a definitive geophysical model over proven drill tested mineralization and have identified a number of untested drill targets with similar geophysical characteristics."

The Company is planning another drilling campaign to test drill targets generated by the geophysical surveys, geochemical studies and geologic mapping on its South Cocha and East Cocha targets. Additional drilling will also test the large chargeability anomaly at depth beneath the Central Cocha zone.

 

[dukezero]

 

[dukezero]

Agrarpreise: Fatale Folgen

Von Thomas Hanke

Handelsblatt (05.05.08) - Wenn es schlimm kommt, läuft es wie im Horrorfilm: Der Wissenschaftler starrt auf seinen Bildschirm, sieht eine unerklärliche Kurve und merkt nicht, dass die Katastrophe ihm schon über die Schulter lugt. Ganz ähnlich verhält es sich möglicherweise mit den Nahrungsmittelpreisen. Die Kurve steigt, und die Fachleute fragen sich: Liegt das ganz einfach am Appetit der schnell wachsenden Mittelklasse in den Schwellenländern? Oder baut sich gerade eine monströse Spekulationsblase auf, die arme Länder bald in Hungerkatastrophen und später, nach dem Platzen, die Agrarproduzenten in den Ruin treibt?

Ein Befund ist eindeutig und beunruhigend genug: In zwei Jahren ist der weltweite Agrarpreisindex um 37 Prozent gestiegen. Weizen, Mais, Sojabohnen und Hafer waren noch nie so teuer wie heute. Die einfache Erklärung dafür ist, dass steigender Bedarf der Schwellenländer, Missernten in manchen Erzeugerländern und schließlich auch noch die zunehmende Verarbeitung von Nahrungsmitteln zu Biosprit die Preise treiben.

Doch einige Experten glauben, dass damit ein großer Teil, aber längst nicht alles erklärt ist. Vor allem die Ökonomen der Welternährungsbehörde (FAO) vermuten, dass die rasch zunehmenden Investments in rohstoffbezogene Finanzinstrumente mitschuldig sind am Preisauftrieb - und an der starken Zunahme der Volatilität, also der Preisausschläge.

Agrarpreise sind bekannt dafür, dass sie sich stark nach oben und unten bewegen – das kann kaum anders sein bei einer Produktion, die von den Launen des Wetters abhängt. Deshalb haben die großen Produzenten, vor allem die USA, Terminbörsen wie die immer noch den Preisstandard setzende Chicago Board of Trade (CBOT) geschaffen: Terminverkäufe, Futures, sollen den Landwirten und dem Handel klare Preissignale geben und ihnen durch das „Festnageln“ eines künftigen Preises die nötige Planungssicherheit verschaffen. Futures bändigen die zuckenden Notierungen wie der Cowboy den Mustang. Lange hat das ganz gut funktioniert. Inzwischen funktioniert es nicht mehr. Die Agrarpreise sind außer Rand und Band.

Die durchschnittliche Volatilität der Weizen- und Maispreise, also von zwei der weltweit wichtigsten Agrarrohstoffe, hat sich in nur zehn Jahren fast verdoppelt. Das ist nur ein statistischer Wert, doch dahinter steht eine böse Realität: Immer häufiger laufen die Marktteilnehmer in die Irre, weil sie sich in ihren Erwartungen grob täuschen. Die FAO nennt in ihrem jüngsten Food-Outlook einige besonders krasse Fälle aus den vergangenen zwei Jahren: Ende 2006 nahm nur eine verschwindende Zahl der Marktteilnehmer an, dass der Maispreis um die Hälfte steigen würde. Doch dann erhöhte er sich sogar um 60 Prozent. Kein Einzelfall, denn 2007 waren die Märkte zu 99 Prozent sicher, dass der Weizenpreis allenfalls um die Hälfte zulegen würde. Tatsächlich aber verdoppelte er sich.

Das Beunruhigende an Preisschwankungen ist: Sie jubeln sich selbst immer stärker in die Höhe. Risikoliebende Investoren wie Hedge-Fonds verabscheuen Märkte mit bewegungsarmen Preisen. Sie suchen Produkte mit heftigen Ausschlägen, weil nur so in kurzer Zeit viel Geld zu verdienen ist. In jüngster Zeit werden sie bei Agrarrohstoffen fündig - und verstärken die Fluktuation, indem sie Hunderte von Milliarden Dollars einsetzen.

Bis zu diesem Punkt sind sich die Ökonomen von Weltbank, OECD, FAO oder Terminbörsen weitgehend einig. Der Dissens beginnt, wenn es um die Schlussfolgerungen geht: Treibt die wachsende Beeinflussung der Agrarmärkte durch spekulative Finanzinstrumente die Nahrungsmittelpreise in die Höhe? Muss die Finanzaufsicht eingreifen?

Von „Anomalitäten“ und dem „Druck der Spekulation“ sprach vor zwei Wochen bei einem eigens anberaumten Hearing der Chef des staatlichen US-Ausschusses für Rohstoff-Futures (CFTC), von einer „Plage, die die Agrarmärkte befallen hat“, gar sein Chefökonom. Doch noch will die CFTC keine schärferen Regeln beschließen.

Die FAO will in den nächsten Wochen ihren Befund veröffentlichen, und einer ihrer Experten sagt schon heute, dass die Terminmärkte ihre Funktion nicht mehr erfüllten: Statt eine verlässliche Orientierung für landwirtschaftliche Investitionen zu geben, veranlassten sie Farmer, aufs falsche Pferd zu setzen.

Es fragt sich, ob die Experten noch viel Zeit mit Diskussionen zubringen sollten. Die Gefahren der Kreditpakete aus Schrotthypotheken wurden so lange geleugnet, bis der Markt zusammenbrach. Den Agrarmärkten sollte man ein ähnliches Schicksal ersparen: Kreditkrisen sind schmerzlich, Agrarkrisen aber haben für viele Menschen fatale Folgen.

(Quelle: http://www.handelsblatt.com/News/Journal/Kommentar/_pv/_p/204051/_t/ft/_b/1425955/default.aspx/fatale-folgen.html)

 

[greenhorn]

dukezero wiedersprich mir bitte wenn ich daneben liege - aber das schaut recht gut aus bei bluerock!

 

[dukezero]

greenhorn schrieb am 06.05.2008, 13:16 Uhr[/url]"]dukezero wiedersprich mir bitte wenn ich daneben liege - aber das schaut recht gut aus bei bluerock!

» zur Grafik

Ja, klarer Bruch des Abwärtstrends!

 

[greenhorn]

heißt wenn die 0,57/0,58 CAD überwunden wird ist theoretisch Luft bis ans obere Bollinger bei 0,80!

 

[greenhorn]

May 06, 2008 08:00 ET
Detour Gold Reports Wide Gold Intersections From the Calcite Zone of Its Detour Lake Project in Northern Ontario, Canada
(2.10 g/t over 76.0 m in DG-07-264 & 2.26 g/t over 69.0 m in DG-07-259)
TORONTO, ONTARIO--(Marketwire - May 6, 2008) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of 18 holes from the Calcite Zone of its Phase II drilling program at the Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 275 holes totaling 106,870 metres (including 16 holes abandoned for 1,377 metres). The Company has now reported 139 holes totaling 47,781 metres (including 12 holes abandoned for 1,116 metres). There are four (4) active drill rigs on site.

The Calcite Zone continues to return positive drill results with higher gold grades than previously encountered. This significant mineralization intersected within the current US$575 pit shell will have a direct impact of further increasing the mineral resources and reducing the strip ratio. Today's results are showing excellent continuity of a wide mineralized zone (greater than 50 metres) that was previously intersected over a strike length of 160 metres in the center of the Calcite Zone (from 18,380E to 18,540E; refer to cross-sections posted on Detour Gold's website).

The best mineralized (uncut) intervals encountered are shown below.




Calcite Zone-------------------------------------------------------------------DG-07-233 DG-07-247 DG-07-261 DG-07-266--------- --------- --------- ---------8.71 g/t over 9.89 g/t over 4.12 g/t over 1.87 g/t over9.0 m 8.0 m 17.0 m 65.0 m 9.36 g/t over 1.65 g/t over 3.38 g/t over 20.0 m 31.0 m 17.5 m 3.23 g/t over 30.0 mDG-07-238 DG-07-259 DG-07-262 DG-07-270--------- --------- --------- ---------11.87 g/t over 2.26 g/t over 4.06 g/t over 1.25 g/t over7.0 m 69 m 21.0 m 53.0 m 5.21 g/t over 6.43 g/t over 27.0 m 11.0 mDG-07-243 DG-07-260 DG-07-264--------- --------- ---------1.90 g/t over 4.88 g/t over 2.10 g/t over DG-07-27347.0 m 27.0 m 76.0 m --------- 10.67 g/t over 1.29 g/t over 8.0 m 82.0 m 4.19 g/t over 14.0 m 1.15 g/t over 57.0 m



The 2007-08 Phase II program was recently increased to 135,000 metres and is expected to be completed by mid-2008. The 15,000 metre addition will mainly test the new mineralization that was identified in the footwall of the eastern part of the West Pit (i.e. hole DG-07-194A), in areas outside of the December 2007 US$575 pit shell.

Gerald Panneton, President and CEO of Detour Gold, commented: "Today's results from the Calcite Zone clearly demonstrate that the Detour Lake deposit is a large gold mineralized system which keeps surprising us. We are extremely confident in meeting our objectives of outlining a mineral resource of over 10 million ounces of gold at Detour Lake by the end of June. The planned June resource will be based on a fully designed and engineered open pit that will serve as the basis of our 2008 feasibility study to be completed by year-end."

The December 2007 mineral resource contained 4.8 million ounces in the measured and indicated categories (1.22 M oz in measured and 3.61 M oz in indicated) and 3.0 million ounces in the inferred category, using a gold price of US$575/oz (equivalent to a cut-off grade of 0.64 g/t gold and capped at 20 g/t gold).

Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website www.detourgold.com /Projects/Detour Lake or http://www.detourgold.com/dgc/LatestDrillResults.asp on the home page "Explore Detour Lake".

 

[greenhorn]

Scorpio Mining closes $26-million financing


2008-05-06 10:10 ET - News Release

Mr. Peter Hawley reports

SCORPIO MINING CORPORATION CLOSES BOUGHT DEAL FINANCING

Scorpio Mining Corp. has closed its previously announced bought-deal financing, led by Research Capital Corp. As announced in Stockwatch on April 9, 2008, the company agreed to issue unsecured subordinated convertible debentures in the total principal amount of $25-million, less (on a dollar-for-dollar basis) the total exercise price paid or payable in respect of the exercise of any outstanding warrants of the company prior to closing of the financing.

After reflecting approximately $6-million of warrants recently exercised, the financing was completed, by agreement with the underwriter, at a total principal amount of $20-million to various purchasers resident in Canada, the United States and other jurisdictions. The debentures were issued at par, have a maturity date of March 5, 2011, and bear interest at a rate of 7 per cent per year, payable semi-annually in arrears. The debentures will be convertible at any time prior to maturity at the option of the holders into common shares of the company at a conversion price of $1.55 per common share and will not be redeemable by the company.

In connection with the financing, the company received a $10-million short-term bridge loan from an institutional investor. The bridge loan was unsecured, repayable on demand and accrued interest at a rate of 7 per cent per year, compounded daily. In accordance with the terms of the bridge loan, upon the closing of the financing, the principal amount of the bridge loan was repaid through the issuance to the bridge loan lender of $10-million principal amount of the debentures as part of the total $20-million principal amount of debenture issued and accrued interest was paid in cash.

"We are pleased to have realized gross proceeds from the financing and recent warrant exercises of approximately $26-million in a manner that has not significantly increased Scorpio's fully diluted capital," stated Peter Hawley, chief executive officer. "This financing will provide us with the necessary working capital to put the Nuestra Senora project into full production."

In consideration for its services in connection with the financing, the underwriter received a fee of $750,000 and was reimbursed for certain of its expenses. The net proceeds of the financing will be used to finance the start-up of the company's Nuestra Senora project, and for general corporate and administrative purposes.

The debentures and any common shares of the company issued upon conversion of the debentures within four months of closing will be subject to a four-month hold period from closing under applicable securities laws. The common shares issuable on the conversion of the debentures have been approved for listing on the Toronto Stock Exchange.

We seek Safe Harbor.

 

[greenhorn]

May 06, 2008 11:41 ET
VMS Reports 102.5 M of 1.09% Copper in RD-08-33 and 12.55 M of 2.01% Copper in RD-08-29 at Reed Lake, Manitoba
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2008) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report on its ongoing exploration program at the Reed Project Discovery Zone near Snow Lake, Manitoba.

Highlights:

RD-08-29: 12.55 m (41.17ft) grading 2.01% Cu, 2.07% Zn, 21.99g/t Ag, 1.62g/t Au

RD-08-33: 102.5 m (336.3ft) grading 1.09% Cu, 0.05% Zn, 2.97g/t Ag

Dr. George Gale, Vice President of Exploration states: "Drillhole RD-08-29 intersected near solid sulphide (NSS), whereas drillhole RD-08-33 intersected abundant veinlets of chalcopyrite and pyrrhotite over a 207 metre interval that contains 0.60% Cu. The highlighted 102.5-metre interval in drillhole RD-08-33 includes a 75-metre section averaging 1.26% Cu with shorter higher-grade sections such as 7.49 metres with 1.92% Cu and 2.47% Zn. We know these veinlets are not part of a central hydrothermal vent because there is a general absence of black chlorite. The mineralization, however, is interpreted to be part the footwall hydrothermal system. The system appears to be open to the west and to depth. The new drill program will, in part, be testing the down-dip projections of the deposit at 50 and 100 metre intervals."

One drill continues on the Discovery Zone and a second drill is now in place to begin drilling the alteration zone discovered at the Tower Zone, 1,000 m to the east.

The data collection phase of the gravity survey is completed and preliminary interpretations are expected shortly. The DeepEM and ground magnetics surveys are near completion with reports expected shortly. Down hole surveying is again underway.

Data from all the surveys are anticipated to arrive in stages over the next ten days with modeling of the results to follow. Drill number three will be mobilized and utilized to test targets stepping out to the west and will follow targets confirmed or established by the various surveys mentioned.




TABLE 1DRILL HOLESASSAYS FOR RD-08-29 and RD-08-33---------------------------------------------------------------------------DRILL HOLE FROM (m) TO (m) INT(i)(m) Cu % Zn % Ag g/t Au g/t---------------------------------------------------------------------------RD-08-29 149.70 162.25 12.55 2.01 2.07 21.99 1.62---------------------------------------------------------------------------RD-08-33 162.10 264.60 102.50 1.09 0.05 2.97 0---------------------------------------------------------------------------(i)True thickness unknown



All technical information in this release has been reviewed by the Qualified Person, Dr. George Gale, P.Eng. Samples are prepared and analyzed at TSL Laboratories in Saskatoon, Saskatchewan using ICP-MS and fire assay analytical methods.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

[dukezero]

 

[dukezero]

 

[Ollinho]

So Duke, ich bin der Meinung das die GW für deine 5k auch besonders in diesen Thread gehören:

also nochmal:

Respekt und Anerkennung für deine Arbeit im Langfrist-Thread! Unser kleiner Kreis kann sich sehen lassen und du bist dabei nicht wegzudenken! Weiter so und danke für deine Arbeit!

Jetzt sollte doch eine Cuervo als kleines Dankeschön mal loslaufen

 

[greenhorn]

Olli´s Glückwünschen schließe ich mich aus vollem Herzen an - sei gedrückt und geknuddelt

 

[dukezero]

 

[dukezero]

Blackmont Analyst: Cameco and Thompson Creek Earnings Could Disappoint
by: FP Trading Desk posted on: May 07, 2008 | about stocks: CCJ / TC


The Street is being overly optimistic about upcoming earning results at both Cameco Corp. (CCJ) and Thompson Creek Metals Company Inc. (TC), says Blackmont Capital's George Topping.

The analyst said he estimates cash flow at both companies will fall short of consensus as a result of operating problems suffered in 2007.

In a note to clients, regarding uranium miner Cameco he said:

Reported Q4/07 cash flow per share was much lower than expected on the Street (36¢ to 71¢) due mainly to the increased costs to cleanup and improve the Port Hope facility. The plant will remain shutdown until Q3/08; therefore, we expect Port Hope will continue to drag down overall results for the next couple of quarters.

He also noted that Cameco is dealing with a continuing decline of spot uranium prices and the Cigar Lake mine development which continues to have its challenges. On the bright side, Mr. Topping told clients Cameco should be less impacted in a downward market as compared to other less hedged uranium producers once its extensive hedge book takes effect.

His cash flow estimate for the first quarter is C$0.46 per share versus the consensus estimate of C$0.59 per share. Mr. Topping has a "buy" rating and C$55.85 per share price target.

For molybdenum producer Thompson Creek, Mr. Topping said first quarter cash flow will be dragged down by its recent Endako mine problems.

He said:

For 2008, we expect that the lower grade issue at Thompson Creek mine will be resolved as mining moves into the higher grade area. However, for the Endako mine, we believe the disruption caused by the pit wall failure in November 2007 will have a knock-on effect in Q1/08 as mining equipment in relocated, especially during the normally more difficult winter months.

The analyst said the Endako mine will probably produce around 2 million pounds of moly in the first quarter, ramping up to 2.5 million pounds by the fourth quarter.

He estimated cash flow per share of C$0.54 in the first quarter versus consensus of C$0.64. He maintained his "buy" recommendation and C$25.25 price target.

 

[kitejak]

als stiller Mitleser möchte auch ich herzlichst Gratulieren und freue mich darauf weiterhin viel von Dir (und euch allen) zu lernen und zu lesen
kitejak

greenhorn schrieb am 07.05.2008, 08:28 Uhr[/url]"]Olli´s Glückwünschen schließe ich mich aus vollem Herzen an - sei gedrückt und geknuddelt

 

[dukezero]

Jo, dankeee!

 

[Ollinho]

So bei Tenajon könnte es die Tage heiß werden....

NI- RE Update kann nun fast täglich kommen. Bei den bisherigen Explorationserfolgen auf dem Ajax-Projekt allgemein und aufgrund der Tatasache, dass die dem Update vorangegangenen Bohrungen äußerst vielversprechend waren sollte es die News in sich haben!

Langfristig eh einer der Top Plays im Molysektor (meiner Meinung nach!)


Ebenso gefällt mir Largo Resources die Tage immer besser! Bin ja eh überzeugt von diesem Explorer aber in den letzten Wochen hat man Nägel mit Köpfen gemacht und man konnte feststellen, dass meherer Kapitalgeber bereit sind massiv in Largo und das weit vorangeschrittene Maracas-Projekt zu investieren.

Laut IR wurde ja nun mehrfach bestätigt, dass man bis Ende Juni mit der -final- Prefeasibility-Study rechnet. Diese Studie wird endgültig aussagen wie lukrativ das Maracas-Projekt sein könnte/wird.

Ich bin guter Dinge, da auch hier die bisherigen Daten für eine sehr rentable Ausbeute sprechen. Bin gespannt wie sich der Kurs erstmal bis hin zur Studie entwickelt.


Auch erfreulich zeigt sich unser Nickelplay -CMI-, Crowflight Minerals!

Steigt in letzter Zeit solide fast täglich im Kurs und der Ausblick auf die Produktionsaufnahme im Juli/August verspricht weitere Kursphantasie. Richtig abgerechnet wird hier wohl nach den ersten Quartalen mit voller Produktion aber für einen baldigen Produzenten der derart gut aufgestellt ist (enormes Upsidepotential durch zusätzliche sehr aussichtsreiche Explorations-Targets!) ist die momentane Bewertung immer noch ein Witz!
Geben wir der Aktie Zeit....


Es wird natürlich entscheidend sein wie der Gesamtmarkt und besonders, das Umfeld im Rohstoffsektor speziell sich die kommenden Wochen und Monaten verhält. Derzeit sieht es nach Stabilisierung aus und wenn erst mal wieder Kapital in den Sektor fließt.......

Bei Meinungen zu den 3 Werten bzw. bei Kritik oder Anregungen nur raus damit....

Ollinho schrieb am 29.04.2008, 09:54 Uhr[/url]"]-T5Q- Tenajon Resources

Hat da jemand neue Infos? Taxen ziehen an in Frankfurt!

Laut IR kommt das RE-Update zum Ajax Projekt Anfang Mai!

Könnte spannend werden die nächsten Tage. Projektportfolio, bisherige Drill Results und REs sind extrem vielversprechend. Neben Largo einer meiner Top Favoriten im Bereich Moly, Vanadium und Platin!

 

[Ollinho]

Die FFM-Charts für die genannten Werte:

- T5Q / Tenajon Resources -

- LR8 / Largo Resources -

- CMI / Crowflight Minerals -

 

[greenhorn]

May 07, 2008 08:30 ET
Serengeti Reports on Positive Mineralogical Study at Kwanika
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to report the results from a recently completed mineralogical study that has a number of positive implications for eventual metallurgical recoveries of copper and gold from the Company's 100% owned Kwanika property located in the Quesnel Trough, British Columbia.

Thirty-seven samples representative of typical mineralized material from 10 individual drill holes were examined in this study. Important conclusions, a number of which have positive metallurgical implications are as follows:

1. Chalcopyrite is the primary copper sulfide, making up less than 1% to 7% of the sample, and typically occurs as disseminated grains with an average size of 50 to 100 microns. Pyrite, which has an average grain size of 100 to 200 microns, occurs in similar or lesser amounts. Chalcopyrite is seldom in contact and even more rarely locked with pyrite; this should make for good separation of a copper concentrate at a typical grind size.

2. Bornite and chalcocite occur in lesser amounts, being present in 16 of 37 and 8 of 37 samples respectively. Bornite (63% Cu) is usually intimately associated with chalcopyrite (35% Cu) and appears to have been altered from it. Chalcocite (80% Cu) is often associated with bornite. Recovery of bornite and chalcocite together with chalcopyrite in a concentrator is a standard process and is expected to lead to good grade copper concentrates at high recoveries.

3. Native copper is present in minor amounts, being observed in 3 of 37 samples. It occurs as fine disseminations and thin veinlets and typically lies in the upper part of the mineralized zone followed by chalcocite, bornite and chalcopyrite with increasing depth. Native copper can be floated with the assistance of sulfidizing agents and with the use of powerful collectors.

4. A cluster of gold grains (with 13% silver) as an inclusion in bornite was noted in one of the samples from the current study. This substantiates the observation that higher gold grades often occur at Kwanika when bornite is present. If this is typical, then gold should be readily recovered to a copper concentrate.

5. The presence of abundant carbonate (typically 5-20%) was noted in most of the samples; this is a favorable environmental factor, since carbonate would neutralize acid generated by oxidation of pyrite in tailings.

"These preliminary observations are encouraging and suggest that excellent copper and gold recoveries should be achievable at Kwanika. Deposits with mixtures of copper minerals such as observed here often produce copper concentrate grades in excess of 40% Cu, for instance at Highland Valley, BC and Chuquicamata, Chile," stated David Moore President and CEO. "We will use these results to help design an initial flotation test work program," elaborated Moore.

The current mineralogical study was carried out by P.C. LeCouteur, Ph.D., P. Eng., of Micron Geological Ltd., and comments on the metallurgical implications of this work were provided by Kevin Scott, P. Eng., of Scott Wilson Roscoe Postle Associates. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified persons, Myron Osatenko, P. Geo., Chief Geologist and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.