Short Position Report
Short positions outstanding at July 15/13 (with changes from June 30/13).
Articles by Northern Miner Staff
Alexco plans potential shutdown at Bellekeno
VANCOUVER — Vancouver-based producer Alexco Resources (TSX: AXR; NYSE: AXU) is struggling with declining margins at its wholly-owned Bellekeno underground silver mine in the central Yukon. A recent and steep drop in silver prices has…
Guatemala to ban new mining, exploration licences
Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licences, giving the nation time to reform its mining law, says Tahoe Resources (TSX: THO; NYSE: TAHO).
Gold Reach advances Ootsa on all fronts
VANCOUVER — The first half of 2013 has been a busy time for Gold Reach Resources (TSXV: GRV) at its Ootsa property in B.C. Since January the company has updated the resource estimates for the project’s two deposits, shown that…
Aurcana shares pop on Red Kite loan proposal
VANCOUVER — Shareholders of Vancouver-based silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) received some good news at the end of June, as the company released details of a terms sheet from U.K.-based metal merchant RK Mine Finance…
Editorial: Greasing the wheel of life
Big Oil roared back into the headlines in Canada and across the world, once again showing how, compared to mining, the oil industry is in a league all its own when it comes to societal impacts.
Commentary: How much should you pay for that junior?
The devastation in the junior mining sector is likely to spur some mergers and acquisitions, with larger companies that still have healthy balance sheets going hunting for acquisitions. (See main article: “How to fish for profits in…
Mercator lowers Mineral Park’s copper-moly reserves
Mercator Minerals (TSX: ML; US-OTC: MLKKF) has updated the resource and reserve estimate for its Mineral Park copper-molybdenum mine in Arizona, noting that while reserves have decreased, the open-pit operation still has a promising life ahead.
Canadian Zinc two permits closer to production
Canadian Zinc (TSX: CZN) is progressing down the road to production at its Prairie Creek zinc-lead-silver mine in the Northwest Territories.
Banks Island set to mine gold in BC
VANCOUVER — Drilling at Banks Island Gold’s (TSXV: BOZ) Yellow Giant high-grade gold project in coastal B.C. is hitting gold along strike and beneath known mineralization, creating potential for a larger resource just as the company…
Sarama hits another high-grade gold zone at South Hounde
VANCOUVER — It seems there is still much gold to be found at the South Houndé project in Burkina Faso, where initial drilling at a new target has returned shallow, high-grade gold for Sarama Resources (TSXV: SWA).
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 9, 2013 Precious MetalsPrice…