U.S. markets were in positive territory before closing for the Independence Day holiday, but moved downward after disappointing jobs data showed non-farm payrolls added 80,000 jobs in June for the third month in a row that employment grew by…
TSX Short Positions Short positions outstanding at June 30/12 (with changes from June 15/12). Largest Short Positions Security Ticker Total Short Change Lundun Mining LUN 39781693 1390216 New Gold…
Ever since the great bull run in uranium prices leading into 2008, investors have been waiting for the second leg up.The macro story, after all, didn’t change after the 2008 crisis subsided: a surge in nuclear reactor construction in…
Just days after taking the keys from contract mine developer Banlaw Afrique, Canadian miner Banro (BAA-T, BAA-X) has run into delays while comissioning its 100%-owned Twangiza open-pit gold mine, 45 km southwest of Bukavu in the Democractic…
The first drill program on Ethos Gold’s (ECC-V) Betty project in the Yukon has yielded encouraging gold discoveries, and numerous blanks.The first half of a phase-one drill program includes results for 22 reverse-circulation drill…
When Western Potash (WPX-T) starts commercial production at its Milestone potash mine in Saskatchewan in 2016, it will draw much of its water from treated sewage effluent from the city of Regina, about 30 km away.As much as 60,000 cubic metres…
Rio Tinto (RIO-N, RIO-L, RIO-A) will spend billions of dollars to advance and upgrade some of its highest-profile assets.At its sprawling Pilbara iron-ore operation Western Australia, the company has committed US$3.7 billion to boost capacity,…
Champion Minerals (CHM-T) has traded higher on news that its 100%-owned Oil Can iron ore deposit, 6 km north of its flagship Fire Lake North project in the southern end of the Labrador trough, contains nearly 1 billion tonnes of…
In the gold business, some places never go out of style.While Canadian juniors continue to pursue gold in far-flung locales, Alexandria Minerals (AZX-V) is proving that one of Canada’s most well-worn gold-hunting grounds has plenty…
Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut, just as the Nunavut government has formalized its uranium policy.The company completed an…
Barkerville Gold Mines’ (BGM-V) share price climbed more than 50% after the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit in central B.C., but questions have been raised about the accuracy of the…
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
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