Earnings optimism priced in for investors

Earnings-optimism-priced-in-for-investors aluminum company Alcoa IncThe upcoming earnings season may not be the time for investors to buy aggressively, because this year’s winners already reflect earnings optimism.

The first-quarter reporting period, which begins Monday with results from aluminum company Alcoa Inc, follows three months of solid gains that have brought stocks close to two-and-half-year highs.

Some gains have been in anticipation of a strong earnings season, particularly for the energy and other cyclical sectors, analysts said, raising questions about whether this quarter’s reports will be enough to keep the recent uptrend intact. [Read more...]

Abacus Completes Asset Purchase Agreement with Teck

Abacus Mining & Exploration Corporation with TeckAbacus Mining & Exploration Corporation is pleased to announce that it has completed the acquisitions contemplated under the Asset Purchase Agreement dated November 25, 2005, as amended with Teck Resources Limited pursuant to which certain assets of Teck’s former Afton mine, and most notably the Iron Mask and Rainbow back-in rights, were acquired.

The APA provided for the sale by Teck to Abacus of the Iron Mask and Rainbow back-in rights that Teck held to certain Afton-Ajax mineral claims, as well as the tailings pond, mill, workshop and office buildings of the former Afton mine and the land upon which such buildings are situated. [Read more...]

Eldorado Gold Announces 2011 First Quarter Financial Results Release Date and Conference Call

Eldorado Gold Announces 2011 First Quarter Financial Results Release Date and Conference CallEldorado Gold Corporation will release its 2011 First Quarter Financial Results after the close of market on Thursday, May 5, 2011. Paul N. Wright, President and Chief Executive Officer of the Company, will host a conference call on Friday, May 6, 2011 at 8:30 AM PDT (11:30 AM EDT).

The call is being webcast by Thomson Reuters and can be accessed at Eldorado Gold’s web site at www.eldoradogold.com or from www.earnings.com. [Read more...]

Decade Resources Ltd.: Blackwater Area Claims Acquired

Decade Resources Ltd logoDecade Resources Ltd. and Mountain Boy Minerals Ltd. are pleased to announce 3 separate blocks of claims were jointly staked in early February in the Blackwater region of BC. One block adjoins the discovery property owned by Richfield Ventures Ltd. The companies acquired a total of 37,296.28 ha in 80 claims. The properties are readily accessible along a well developed network of established forestry roads in the area. [Read more...]

Robex Provides Wells With Potable Water for the Villages of Nampala and Djikouna

Robex Provides Wells With Potable Water for the Villages of Nampala and DjikounaRobex Resources Inc. is proud to announce that it has given the villagers of Nampala-Ganadougou and Djikouna two potable water drills, with a total capacity of 20 m3 per hour, as well as computers and printers. The inauguration ceremony for the wells and the gifting of the electronics

took place on Saturday, March 30 in the presence of the Minster of Mines’s representative, Mr Seydou Keita. [Read more...]

Galantas Appoints Investor Relations Consultant and Grants Stock Options

Galantas Appoints Investor Relations Consultant and Grants Stock OptionsGalantas Gold Corporation , the AIM and TSXV quoted explorer with a 100% interest in Ireland’s only operating gold mine, has arranged to engage an Investor Relations Consultant, Mr. Courtenay Heading, for a period of 6 months from 5th April 2011.

A dedicated sales and marketing specialist, Mr. Heading has been, since 1985, a Director of four private companies during the development stage of their businesses. He has marketed engineering and services companies throughout North America and Europe. He is based in the Isle of Man, British Isles and has been a shareholder in the Company as a private investor since 2002. [Read more...]

Sierra Gold Corporation Announces Mining and Test Results From January 1 Through March 31, 2011

Sierra Gold Corporation Announces Mining and Test Results From January 1 Through March 31 2011Sierra Gold Corp., today announces mining and testing results during the first quarter of the 2011 season.

Sierra Gold Corp. is pleased to announce that through the first quarter of 2011 the company recovered 105.3 ounces of gold from all project sources as well as a quantity of diamonds from dredging and small scale mining operations. We have reached the pay gravel at most sites and look forward to improved recoveries for the remainder of the season. [Read more...]