Miramar Mining Corp fka MNG

[RBKissMyAs]

Issuing more shares it looks like.

[mikeisme]

Trying to establish a good entry point. Anyone have any ideas? Last time I was in MNG was $1.21 =) Loved this one from the start.

[Catchnrel]

Maximus Confirms Gold and Silver-Rich Zone at Hope Bay

LONGUEUIL, QUEBEC -- (MARKET WIRE) -- 12/14/07 -- Maximus Ventures Ltd. ("Maximus")(TSX VENTURE: MXV) is pleased to announced today the final assay results from its 2007 drilling program at Hope Bay Project, located in Nunavut, Canada. The 2007 drill program was focused on the Chicago area and tested the extension and continuity of the extensive gold-silver mineralized zone previously encountered in holes #6, #10 and #12. As previously reported, these holes all intersected highly anomalous gold and silver values over long intervals (such as hole #6: 0.19 g/t Au and 6.7 g/t Ag over 108 m; #10: 0.46 g/t Au and 6.7 g/t Ag over 82 m; #12: 0.14 g/t Au and 4.3 g/t Ag over 110 m) over long intervals in chloritized felsic volcanics with up to 15% pyrite in stringers (see June 28, 2007 press release).

http://www.sys-con.com/read/475496.htm

[Catchnrel]

Any updates? Two more days to wait and see I guess.

[sumisu]

Think you're correct.

The gold market climbed too much, too fast and Miramar is correcting along with others.

I bought at $2.25 and will just sit it out. Long term it will do very well.

Good luck,

sumi

[frenchee]

Looks like Miramar is headed back to test 6.30--6.20. What's your take sumisu?

[RonnieD]

Sad to see Miramar go so cheaply. The type of deposits they had in the distant north of Nunavut was world class. Expensive to mine, no doubt..
If anything, this deal makes Newmont far more attractive than it was previously. I'll remember that.

[sumisu]

Newmont's Bid for Miramar by the Numbers

By Jon A. Nones

09 Oct 2007 at 06:21 PM GMT-04:00

http://www.resourceinvestor.com/pebble.asp?relid=36402

[sumisu]

Miramar: A Glittering Acquisition for Newmont

By Jane Louis

09 Oct 2007 at 04:04 PM GMT-04:00

http://www.resourceinvestor.com/pebble.asp?relid=36392

[RonnieD]

this was one of if not my favorite mining stocks.
Newmont announced today it's buying Miramar for 6.25/sh.
They sure got it cheap.
I'm sure MNG insiders will become part of the Newmont team.

[frenchee]

Thanks for making me an assistant sumisu.

I've got new daily and weekly charts. I'll post them in a few moments.

[frenchee]

Hi Peaser,

Please add some weekly and daily charts to your iBox. TIA!

[sumisu]

Miramar Announces Short-Term Investment Status

Monday August 20, 8:00 am ET

http://biz.yahoo.com/iw/070820/0292512.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 20, 2007 -- Miramar Mining Corporation ("Miramar" or the "Company") (Toronto:MAE.TO - News)(AMEX:MNG - News) provides the following update of the impact of the recent events and uncertainty in global credit markets on its cash position of approximately $135 million, approximately $37 million of which is invested in Canadian asset-backed commercial paper ("ABCP"), representing approximately 28% of its current cash position.

Miramar's portfolio of ABCP meets the criteria of Miramar's investment policy and was invested on the basis of professional advice from a major international bank. The Company's ABCP investments are rated R1-High by Dominion Bond Rating Service ("DBRS") and DBRS has continued to rate the conduits in which Miramar holds ABCP and their underlying assets as R1-High. According to DBRS, an R1-High rating is of the highest credit quality, and indicates an entity possessing unquestionable ability to repay current liabilities as they fall due.

Miramar's portfolio of ABCP consists of 14 "Series A" notes administered by non-bank financial institutions. One of these notes, sponsored by Nereus Financial Inc., having a principal amount of $2 million, was not paid on its August 17, 2007 maturity date and remains outstanding. The remainder of Miramar's ABCP expires on various dates until October 4, 2007. Until these notes mature, Miramar cannot state with certainty that they will be repaid promptly upon maturity. Miramar is diligently investigating the situation and possible solutions and it understands that other recently matured notes issued by non-bank sponsored funds, including Coventree Capital Group Inc. ("Coventree") and held by third parties also remain unpaid. A portion of Miramar's ABCP consists of 5 "Series A" notes totalling $11 million sponsored by Coventree. Coventree has publicly stated that this situation has been caused by a liquidity disruption in the market for Canadian ABCP. Should the current liquidity disruption in the market for Canadian ABCP remain ongoing when the notes mature, the repayment of these notes may be delayed for a presently unknown period of time.

The DBRS has placed several issuers of ABCP "Under Review with Development Implications" following the announcement on August 16, 2007, that a consortium representing banks, asset providers and major investors had agreed in principle to take significant steps to re-establish normal operations in the market for Canadian asset-backed securities. These steps include all investors in such ABCP issuers to exchange their holdings in each issuer for a long-term note on an individual issuer and series basis. The term of the note would match the term of the assets within that ABCP issuer and series. The Company anticipates that further information from the consortium would be announced next week, possibly on August 20, 2007 with respect to the proposed agreements. The Company will continue to monitor these developments and any impact in the Company's cash liquidity.

Of the remaining $98 million of the Company's cash position, approximately $25 million is held in cash and the remainder is in banker's notes, commercial paper (non-ABCP) and treasury bills which are available to fund its operations. Accordingly, the Company does not believe that any current or anticipated liquidity in its Canadian ABCP investments will disrupt its business operations and its planned exploration and development activities in respect of its Hope Bay project.

About Miramar Mining Corporation

Miramar is a Canadian gold company that controls the Hope Bay project in Nunavut, Canada.

Forward Looking Statements

Statements relating to the effects and impacts of the market disruption are forward-looking information within the meaning of Canadian securities laws and are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, ABCP market conditions, additional defaults under ABCP including Coventree-sponsored ACBP, the ability of Coventree and other ABCP funds to obtain funding from liquidity facilities supporting the ABCP, and other risks and uncertainties, including those described in the Miramar's Annual Report on Form 40-F for the year ended December 31, 2006 and Reports on Form 6-K filed with the Securities and Exchange Commission.

This news release has been authorized by the undersigned on behalf of Miramar Mining Corporation.

Contact:
Contacts:
Miramar Mining Corporation
Anthony P. Walsh
President & CEO
[phone] or Toll Free: 1-800-663-8780
[phone] (FAX)
Email: [e-mail]
Website: http://www.miramarmining.com

--------------------------------------------------------------------------------
Source: Miramar Mining Corporation

[PENNYPRINCE 1]

Nice day

[PENNYPRINCE 1]

I think we are still going higher.

[Peaser]

Sold my position today

[Peaser]

Gold is up 6.50 today so far.

[Peaser]

Mining Stocks Rise on Jump in Gold Prices
Wednesday November 16, 5:53 pm ET
Mining Stocks Rise, Moving in Line With Gold Commodity Futures; Silver Prices Also Post Gains


DENVER (AP) -- Mining stocks rose Wednesday, moving in line with gold commodity futures that jumped $10 an ounce to close above $479 -- its highest level in more than a month.
Silver prices closed above $8 an ounce Wednesday for the first time since December 2004.


Continuing strong gold demand from Asia, weaker oil prices, inflation concerns and central bank buying were all combining to lift gold, analysts said.

Douglas Silver, chairman and chief executive of International Royalty Corp. of Denver, said recent forecasts that the largest mining companies' production is declining was likely also driving gold prices higher.

On the New York Stock Exchange, Denver-based Newmont Mining Corp., the world's largest gold producer, closed up $3.01 at $46.05; Toronto-based Barrick Gold Corp. closed up $1.22 at $26.49; Vancouver-based Placer Dome Inc., closed up 80 cents at $20.87; and New Orleans-based Freeport-McMoran Copper & Gold closed up $1.97 at $51.80.

Platinum and palladium producer Stillwater Mining Corp. of Billings, Mont., got a boost from a jump in those metals prices Wednesday on forecasts of increasing demand from auto makers for catalytic converters. The shares closed up $1.06, or 11 percent at $11.20 on the NYSE.

Bullish gold sentiment came out of the London Bullion Market Association conference in Johannesburg, South Africa, this week, analyst Silver said.

Sandy McGregor, a fund manager with Allan Gray Ltd., was cited in media reports out of the conference saying that the world's largest gold producers are "trying to run up a down escalator" in terms of replacing their gold production.

"If this proposition is true, which it is ... then mining companies and gold become that much more precious because of the shortfall in production relative to demand," Silver said.

If the biggest gold companies are having a hard time maintaining their high production, he said, "there will be a shortage of gold globally. It also means other (smaller) mining companies will become takeover targets."

Silver cited Newmont Mining's announcement Wednesday that it was acquiring a 9.9 percent stake in Miramar Mining Corp. as a sign of what's to come with big mining companies, desperate to boost their production numbers.

"The big companies are positioning themselves ... to somehow accelerate consolidation in the business," he said.

A Newmont spokeswoman couldn't immediately be reached for comment.

[Peaser]

Turning up from 1.67