May 4 2008 Precious Metal Stock Review

Sunday, May 4, 2008 | Warren Bevan (warrenbevan) Is this Spam?

Aurelian has laid off most of its Ecuadorian staff and had to halt all drilling.

Iamgold is reviewing its investment budget in Ecuador and deciding on whether to lay off its 120 employees who are working on the Quimsacocha project there.

Corriente Resources is awaiting further instruction and clarification from Ecuadorian officials before they decide what to do with their 150 employees there.

Dynasty Metals & Mining is also awaiting further clarification before deciding what to do with their 350 employees.

MPH Ventures announced they will no longer be proceeding with their option agreement in Ecuador as a result of recent governmental policy changes. Lateegra Gold was their partner and now looks stuck up a creek without a paddle...I mean partner.

Although statements have been made reinforcing the idea that responsible mining will be permitted there, it’s still too early to say whether they will turn face again.

regards

mercian9