Short Position Report (May 18, 2011)
TSX Short Positions Short positions outstanding at May 15/11 (with changes from Apr….
Articles by Northern Miner Staff
Cline Mining slumps on production delays, dilutive financing
Vancouver – Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at the company’s recently reopened New Elk coal mine in Colorado were…
Rising diamond prices lift Harry Winston
Harry Winston Diamond Corp. (HW-T, HWD-N) says it is on track to produce 6.9 million carats this year, up from 6.5 million in 2010, at the Diavik mine.
Barclays is bullish on copper in 2H 2011
Copper prices could move lower before they go higher but Barclays Capital says it believes we have not yet seen the highs for this year.
Hathor doubles Roughrider deposit
The first resource estimate for the East Zone of the Roughrider uranium deposit in Saskatchewan’s Athabasca Basin doubles the overall size of the deposit, Hathor Exploration (HAT-T) reported today.
Canada Lithium revises Quebec Lithium’s resource
It has been a bumpy ride for Canada Lithium (CLQ-T) this year as it recently lowered its measured and indicated resource estimate for its Quebec Lithium project near Val d’Or, Que., to about one-third the amount previously estimated last…
Aureus rising in Liberia (May 16, 2011)
Fresh off of its initial public offering in mid-April, Aureus Mining (AUE-T) is intent on adding Liberia to the list of significant West African gold mining countries.
Good news for Quadra’s Sierra Gorda
Quadra FNX (QUX-T) is hooking up with Sumitomo to develop the sizable Sierra Gorda copper-molybdenum project in Chile.
Venture continues decline in May 9 – 13 period
Vancouver – The S&P TSX Venture Exchange had another tough week, dropping 50.38 points in the May 9 to 13 period after three days of losses outweighed two days of gains. The board ended at 2,038.22 points, the lowest in 2011 and a level not…
Upgrading to CIL positive for Hassai, La Mancha says (May 16, 2011)
La Mancha Resources’ (LMA-T) producing Hassai gold mine may be in the middle of the Red Sea Hills desert in northeastern Sudan, but upgrading its current heap-leach plant to carbon-in-leach technology still makes sense, a definitive…
TSX Composite continues to stumble
Tsx/akv/may.16.11 Tough times continue to reign down on Canadian markets as evidenced by the TSX Composite Index falling 251 points to land at 13,377 points for the May 9-13 period.
U.S. stocks down for second consecutive week, May 9-13
U.S. stocks closed down for the second week in a row with worries about global growth, the euro-zone debt-crisis, and the coming end in June of the Fed’s second round of quantitative easing. Continued upheaval and heavy selling in the…