US markets
U.S. equities jumped late in the week on news that European leaders agreed to distribute rescue funding directly to troubled national banks, which marked a victory for Spain and Italy, where borrowing costs where hitting dangerous levels…
News
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, July 3, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May 31/12).Largest Short Positions SecurityTickerTotal…
Semafo hits new gold zone in Niger
Taking the time to have a look through old data has led to a new discovery for Semafo (SMF-T). The Montreal-based, West Africa-focused miner found a new mineralized trend at Samira Hill in Niger after pouring over a patchwork of historical…
RCMP investigates Cardero’s activities in Ghana
Despite promising early results from its Sheini iron ore project in Ghana, Cardero Resource (CDU-T) could be facing a few legal headaches.The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the…
People
Allana Potash — Richard Kelertas appointed senior VP of corporate development.American Vanadium — Ron Espell appointed VP of environmental.Atico Mining — Fernando Ganoza appointed CEO.Augusta Resource — Raghunath…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 2 June 29 June 28 June 27 June 26 US$ in C N/A 1.0191 1.0333 1.0257 1.0265 …
Gran Colombia builds up Marmato
Gran Colombia Gold (GCM-T) has boosted the resources at its Marmato gold project in Colombia, although it cost a bit of grade to do so.The company says measured and indicated resources stand at 409.7 million tonnes grading 0.9 gram gold…
Almonty Industries: Black’s second act?
Almonty Industries (AII-V) may be a relative newcomer to the TSX Venture Exchange — it listed just nine months ago — but the junior tungsten producer is probably better known in the industry for its depth of management. CEO Lewis…
Orbite to produce alumina, rare earths in 2013
Orbite Aluminae (ORT-T) has been busy proving that its patented technology to extract alumina from clay, bauxite and red mud — the residue left from traditional extraction processes — works on a large-scale. It plans to…
MAG Silver sings Juanicipio’s praises
In a conference call on June 14, MAG Silver’s (MAG-T, MVG-X) president and CEO, Dan MacInnis, enthusiastically described the company’s Juanicipio polymetallic project in Mexico as “bulletproof” and “one of —…
New Gold starts up New Afton in BC
New Gold (NGD-T, NGD-N) has brought a fourth mine online with the timely start-up of its New Afton gold-copper mine near Kamloops, B.C. The Vancouver-based producer says the first ore from the newly minted underground mine was processed…