Virgin Metals Inc. (TSXV:VGM) announced with immediate effect that its Board of Directors has approved the adoption of a shareholder rights plan subject to acceptance by the TSX Venture Exchange.
Virgin Metals Inc. (CVE:VGM) announced that it has acquired 100% title to the Potreritos deposit concessions in Sonora, Mexico.
Virgin Metals Inc. (CVE:VGM) announced an update of the ongoing work at their projects located in Sonora, Mexico.
Copper prices continued to hover around nine-month lows following the release of more negative economic data and IMF cutback.
Copper prices closed near nine-month lows on Wednesday, but rebounded on Thursday as concerns over the Eurozone’s debt crisis eased.
Paragon Minerals Corporation (CVE:PGR) provided an update on the drilling activities and results on its South Tally Pond volcanogenic massive sulphide (VMS) project, central Newfoundland.
White Tiger Mining Corp. (CVE:WTC) reported that core drilling has resumed this week on the Marshall Lake property project, Ontario, Canada.
Copper plunged to a one-month low on Monday, as fears that Greece would default on its debt permeated the markets.
Copper futures edged down half a percentage point in early trading Thursday, however, trading volumes were thin as traders adapted a wait-and-see approach ahead of anticipated statements by Federal Reserve chairman Ben Bernanke and President Barack Obama for further insight into the state of the US economy.
After rallying aggressively in 2010- analysts and investment firms had very bullish projections for copper’s price outlook for 2011; with forecasts ranging between $11,000 per tonne to 13,000 per tonne.
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