Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June…
News
Women in Mining walking to end cancer
From Sept. 8–9 in Toronto, 10 women representing Women in Mining will participate in the Weekend to End Women’s Cancers benefiting the Princess Margaret Hospital Foundation.The weekend event is part of the “Believe It!”…
People
Bannerman Resources — Mason Hills retired as a director; Ian Burvill appointed a director.Brazil Resources — Victor Jamarillo appointed technical director; Paulo Espellet appointed senior geologist.Forsys Metals — Rowen…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 16 July 13 July 12 July 11 July 10 US$ in C 1.0157 1.0151 1.0214 1.0195 1.0203 …
Goldcorp sees production shortfalls at Penasquito, Red Lake
A day after Goldcorp (G-T, GG-N) cut its 2012 production guidance, the company saw its share price take a hit.In Toronto on July 11, Goldcorp shares approached a 52-week low of $32.52. They fell $3.74, or 10% to $33.89, on 6.1 million shares…
NovaGold narrows focus on Donlin
NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest potential gold…
Cline hit hard by falling coal demand, suspends New Elk ops
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…
Maudore, Roxgold enter the octagon with dissident shareholders
Frustrated resource investors are resorting to proxy battles as share prices languish, with Maudore Minerals (MAO-V) and Roxgold (ROG-V) only two of the latest juniors to see shareholder revolts. The two have ample company, as investors blame…
Papua New Guinea scaring off miners
Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…
Semafo stumbles on Mana expansion update
Montreal-based gold producer Semafo (SMF-T) found out how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 km west of Ouagadougou, Burkina Faso. Originally expected early…
Editorial: A world o’ hurt
Life is full of ebbs and flows, expansions and contractions, and the mining industry is part of that cyclical stream. Right now Canada’s intrepid mining industry and its breathtaking, optimism-fuelled expansion into most of the…
BCSC questions Barkerville’s mega resource
The British Columbia Securities Commission has raised concerns about a 10.6-million-oz. gold resource estimate that Barkerville Gold Mines (BGM-V) released on June 28.The concerns, based on a draft technical report supplied to the BCSC,…