Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 26, 2012 Precious MetalsPrice…
News
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May 31/12). Largest Short Positions Security Ticker Total Short Change New Gold NGD 40853651 805488…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 25 June 22 June 21 June 20 June 19 US$ in C 1.0303 1.0260 1.0251 1.0194 1.0178 …
Sunward expands Titiribi resource to 4.6M+ oz. gold
Sunward Resources (SWD-T) believes it could be sitting on top of Colombia’s next gold district, and its latest resource estimate lends some credit to the notion.Its flagship wholly owned Titiribi gold-copper project is located in…
Belo Sun outlines Volta Grande’s potential
Belo Sun Mining (BSX-T) has tabled an initial resource estimate for its newly delineated South Block area at the Volta Grande gold project in Brazil’s Para State.The estimate shows that the Pequi, Grande and Itata deposits host 4 million…
Capstone unveils Minto expansion plan
A lot has changed since Vancouver-based Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine, 240 km north of Whitehorse, Yukon, in 2007. At the time the mine had an eight-year life and a throughput rate of 1,600…
Edgewater nabs $120M for Corcoesto in Spain
Edgewater Exploration (EDW-V) has secured in principle a $120-million debt financing for its flagship Corcoesto gold project in Spain as it moves it towards production.The company has entered into a mandate letter with Credit Suisse…
La Mancha extends gold strike at Ity
International gold producer La Mancha Resources (LMA-T) unveiled good news at its Ity mine in Côte d’Ivoire in June, when the company released drill results that indicate gold mineralization beyond the operation’s in-pit…
Editorial: Putting the Lie in Libor
Have you ever felt the whole game was rigged? Well, there’s some justification for that feeling, as the month of June closed out with British banking giant Barclays doing the perp walk and agreeing to pay out a relatively miniscule US$453…
Haileybury School of Mines celebrates centenary
More than 200 alumni, faculty and friends gathered for a June weekend to celebrate the one-hundredth anniversary of the Haileybury School of Mines (HSM), including luminaries such as Mining Technologies International president and CEO Bob…
GTA gets the grade north of Superior
GTA Resources (GTA-V) caught the market’s attention in one fell swoop earlier this year with drill results from its aptly named Northshore gold project on the north shore of Lake Superior.The intercept spanned 150 metres grading 3.21…
Sandspring soldiers on at Toroparu in Guyana
It has been a rough year for junior explorer Sandspring Resources (SSP-V), with its share price plummeting 67%, or $1.60, to lows of 57¢ in May. The company has suffered from questions concerning the economics of its low-grade,…