Four Tickers We Like ! 
Equinox Generates Operating Cash Flow of $467 Million in 201016:00 EST Wednesday, March 09, 2011
TORONTO, March 9 /CNW/ - Equinox Minerals Limited (TSX and ASX symbol: "EQN") ("Equinox" or the "Company") today released its results of operations for the three and 12 months ended December 31, 2010, and its financial condition as at December 31, 2010.
Equinox will host a conference call and webcast to discuss these results on Wednesday, March 9, 2011 at 18:00 HRS (Toronto time).
All currencies specified in this press release are denominated in U.S. dollars, unless identified otherwise.
HIGHLIGHTS FOR THE YEAR
Equinox made significant progress this year in delivering shareholder value through the optimization of Lumwana as well as through the acquisition of Citadel. Some of Equinox's key achievements during 2010 resulting from these efforts are listed below.
Financial Achievements
Generated an operating profit(1) of $529 million in 2010, an increase of 170% compared to $196 million in 2009(2). An after tax profit of $269 million in 2010 was also generated compared to an after tax loss of $183 million in 2009(2).
Cash resources of $320 million at the end of 2010, an increase of 193% compared to $109 million in 2009(2).
Generated earnings-per-share for the year ended December 31, 2010 of $0.38 compared to a loss-per-share for the year ended December 31, 2009(2) of $0.27.
Operating Achievements
Completed ramp up of the Lumwana mine.
Copper production increased to 146,690 tonnes in 2010, an increase of 34% compared to 109,413 tonnes in 2009(2), surpassing the 2010 annual guidance.
Achieved C1 operating cost(1) of $1.38 per pound of copper for 2010, a decrease of 7% compared to $1.49 in 2009(2).
Material movement exceeded 100 million tonnes in 2010, an increase of 24% compared to 81.2 million tonnes in 2009(2), following improved operational and mechanical performance.
Ore milled increased to 18.6 million tonnes in 2010, an increase of 42% compared to 13.1 million tonnes in 2009(2), exceeding design rate of 20 million tonnes per annum ("Mtpa") over the second half of the year.
Copper recoveries improved to 91% compared to recoveries of 85% in 2009(2), with a lower percentage of transitional ore being treated throughout 2010.
Mine head grade of 0.86% copper in 2010 compared to head grade of 0.95% in 2009(2), as mining moved away from the central high grade core over the second half of 2010.
Commenced a two-phased feasibility study (the "Lumwana Expansion Study") to investigate expanding Lumwana to 35 Mtpa by 2014 and awarded the two staged expansion plan for Lumwana to Ausenco. The Lumwana Expansion Study was subsequently modified to include an expansion to a plant capacity of 45 Mtpa.
Discovered the Chimiwungo East ore sheet, a substantial extension of the Chimiwungo ore body that has the potential to increase the Chimiwungo resource potential to 1 to 1.5 million tonnes.
Corporate Achievements
Secured a new $400 million corporate loan facility replacing the existing Lumwana project senior and subordinated debt facilities.
Implemented a takeover offer for Citadel Resource Group Limited ("Citadel") (an Australian Securities Exchange ("ASX") listed base metals and gold company with a portfolio of development and exploration assets located in Saudi Arabia) to acquire all of the issued and outstanding shares of Citadel and by year end had acquired 89.47% of Citadel shares. By January 6, 2011, the Company had acquired 90.59% and initiated compulsory acquisition procedures to acquire all remaining shares in Citadel. The compulsory acquisition process was completed on February 15, 2011.
Mercator Announces 2011 Production Guidance, Phase II Update
09:34 EST Tuesday, March 08, 2011
VANCOUVER, March 8 /CNW/ - Mercator Minerals Ltd. ("Mercator" or the "Company") (TSX: ML) is pleased to announce that production of copper and molybdenum for 2011 is projected to be approximately 40% higher than 2010 at the Company's wholly owned Mineral Park mine in Arizona. Copper production for 2011 is projected to be approximately 45.0 million pounds, as compared to 32 million pounds in 2010 and molybdenum production is projected to be approximately 6.0 million pounds, as compared to 4.3 million pounds in 2010.
DEALTALK-Canada's copper juniors now prime takeover targets
11:35 EST Tuesday, February 22, 2011
* Big copper producers shopping for smaller miners
* Top players eye developed assets over exploration
* Copper prices at record levels as supply fears grow
* Predators could also become prey as sector heats up (In U.S. dollars unless noted)
By Bhaswati Mukhopadhyay and Julie Gordon
BANGALORE/TORONTO, Feb 22 (Reuters) - A record run for copper prices, fueled by Chinese industrial demand, has the world's most prolific copper producers shopping for smaller miners capable of boosting their output almost immediately.
Dozens of Canadian-based juniors have the potential to become prime targets. The strongest candidates already have operating mines with healthy growth profiles, and their share prices are undervalued, analysts say.
The drive to acquire is especially urgent because the output at some of the world's top producers is falling.
Rio Tinto sees copper demand doubling in the next 15 to 20 years but the Anglo-Australian mining giant experienced a 16 percent drop in mined production last year.
"We really haven't developed the next generation of new mines in terms of finding large-scale projects," said analyst John Hughes at Desjardins Securities. "Without the next wave of proper supply, junior companies with large resources will continue to be targets for the larger mining companies."
As a consequence, senior producers such as First Quantum and Freeport-McMoRan , as well as Vale , BHP Billiton and other diversified miners, will line up to buy established production rather than invest in development projects from scratch, analysts say.
"It takes such a long time to find something, then permit it, then build it, then ramp it up," said David Radclyffe, an analyst at BMO Capital Markets. "You're going to miss that leverage to the current price that you can get today."...
Another takeout possibility is Mercator Minerals , which is producing copper and molybdenum at its Mineral Park property and has two development projects in Mexico. Mercator's shares have risen over 42 percent in the same time period.
Galleon Energy Inc. Reports Fourth Quarter 2010 Operations Results and First Quarter 2011 Update
19:15 EST Wednesday, January 19, 2011
CALGARY, ALBERTA--(Marketwire - Jan. 19, 2011) - Galleon Energy Inc. (TSX:GO) ("Galleon" or the "Corporation") announces fourth quarter 2010 drilling and operations results and provides an update on first quarter 2011 activities.
Fourth Quarter 2010 Operations
During fourth quarter 2010, 14 (12.75 net) wells were drilled and cased for production resulting in 5 (5.0 net) natural gas and 9 (7.75 net) oil wells, for a success rate of 100%.
In the fourth quarter of 2010, the Corporation was focused on directing capital resources towards developing lands to which proven and probable undeveloped reserves have been assigned and converting those reserves into production and cash flow.
In accordance with the Corporation's on-going goal of value generation through strategically farming out lands from its extensive land base and prospect inventory, the Corporation entered into 5 farm-out deals during the second half of 2010. Three wells have been drilled and 5 re-entry wells have been completed.
In Q4 2010, Galleon experienced delays in obtaining fracture crews and equipment. This resulted in certain newly drilled wells being completed and brought on-stream up to three to four weeks later than initially forecasted. In January 2011, Galleon has entered into a strategic agreement to contract equipment and crews for the majority of its currently planned completion activities through to the end of third quarter 2011.
Based on field estimates, production averaged 13,525 BOE/d in the fourth quarter of 2010. Galleon expects second half 2010 production to average approximately 13,675 BOE/d (70% natural gas and 30% oil and liquids).
Centamin Egypt Limited: Sukari Gold Exports
02:17 EST Monday, February 28, 2011
PERTH, AUSTRALIA--(Marketwire - February 27, 2011) - Centamin Egypt Limited ("Centamin" or "the Company") (LSE: CEY) (TSX: CEE), the gold mining group in Egypt, has noted media reports regarding the possible restriction of gold exports from Egypt:
- The Company has received no formal or informal notice from the Ministry of Petroleum and Mineral Resources or any other official or unofficial agency within Egypt to curtail, restrict or prohibit any regular gold shipments from the company's operation;
- The Company's Sukari Gold Mine continues to produce and export gold dore for refining with a recognised international refiner and receives the international spot price for such deliveries when they occur;
- The above activities are explicitly enshrined in the Company's Concession Agreement (Law 222 of 1994) with the Egyptian Mineral Resource Authority and the Arab Republic of Egypt, and the company has confirmed again today with the Ministry of Petroleum and Mineral Resources that any such restrictions on the export of gold will not be applicable to the Company's activities.
Centamin Egypt Limited Update
10:55 EST Saturday, February 19, 2011
TORONTO, ONTARIO--(Marketwire - Feb. 19, 2011) - Centamin Egypt Limited ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY), the gold mining group with operations in Egypt, notes the press speculation with regard to operations at its Sukari mine.
Centamin can report that there has been minimal reaction at Sukari to the wider political changes in Egypt. The Company is aware of its obligations to update the market of any activity at its Sukari mine which would have a material impact on trading.
Operations at Sukari continue uninterrupted.
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| HOU.TO | Horizons BetaPro NYMEX Crude O | 8.65 | 0.37 (4.10%) | 1,019,258 | Chart, Profile, More |
| TCK-B.TO | Teck Resources Limited | 49.95 | 0.92 (1.81%) | 1,018,961 | Chart, Profile, More |
| CLQ.TO | CANADA LITHIUM CORP | 0.83 | 0.07 (7.78%) | 1,016,854 | Chart, Profile, More |
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