The S&P/TSX Venture Composite Index slipped 3.69 points to 1,186.95 in the period after three days of losses outweighed two days of gains. Volume was up by several million to an average of 62 million shares traded daily, but still well in…
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Kinross Gold’s (K-T, KGC-N, KNRSF-O) Tye Burt joins the growing ranks of fallen CEOs at companies struggling to keep investors satisfied at a time of depressed share prices, cost inflation, project delays and internal reviews of assets….
The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17. The U.S. Labour Department said that employers added 163,000…
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…
Detour Gold (DGC-T) says the Detour Lake open-pit mine in northeastern Ontario remains on budget and track for initial gold production in early 2013.Construction at the project reached the 75% completion mark at the end of June. More…
Though ramp-up appears to be on schedule at emerging producer Lucara Diamond’s (LUC-T, LUCRF-O) fully owned Karowe open-pit diamond mine in Botswana, markets have taken notice that the company is realizing a lower price per carat than it…
Mining-giant Anglo American (AAL-L, AAUKY-O) looks to have finally secured a slice of the frenzied coal-mining push in the southern Tete province of Mozambique. Anglo had been exploring acquisition options in the area in a bid to lock down a…
Newly minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and an inaugural…
Shares of Augusta Resource (AZC-T, AZC-X) closed 7.8% lower at $1.66 per share following an updated feasibility study release that estimated higher capital and operating costs for its Rosemont copper project near Tucson, Ariz.Total initial…
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