Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
News
U.S markets
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…
Short position reports
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…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 9 July 6 July 5 July 4 July 3 US$ in C 1.0212 1.0199 1.0131 1.0128 1.0123 …
Mixed results for Ethos Gold’s first pass at Betty
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…
Kivalliq eyeing new uranium district in Nunavut
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’s 10.6-million-oz. resource more bark than bite?
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…
Global Minerals seeks silver in historic Slovakian mine
A common story heard in many of the former communist countries of Eastern Europe is the one about an historic, state-run mine that fell into disrepair after freedom blossomed in the 1990s. Explorers like Vancouver-based Global Minerals (CTG-V)…
Guyana’s jungle holds rewards for gold explorers
When it comes to unearthing gold in a rough-and-tumble mining jurisdiction like Guyana, explorers are often faced with infrastructure-based speed bumps on the road to establishing an economic deposit. But at least two explorers are making…
Lupaka and Andean to merge
Lupaka Gold (LPK-T) and Andean American Gold (AAG-V) are proposing to merge in a friendly deal that would create a Peru-focused gold explorer and developer with combined resources of 2.1 million oz. gold equivalent in the measured and indicated…
Technical analysis report: Uranium stocks show signs of life
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…
Editorial: Goin’ down, down
Working in a coal mine in the U.S. these days involves not only staying focused on getting your job done, but also wondering whether the company you work for can pay its bills and remain a viable concern.The industry was booming as recently as…