U.S. Markets June 30-July 6
As second-quarter earnings season approaches, investors have begun questioning whether recent gains in the stock market are sustainable. As such, the Fourth of July holiday-shortened reporting period …
News
Toronto Stock Exchange June 30-July 6
After rebounding in the previous period, the S&P/TSX Composite index fell back into its prior downward trend, retreating nearly 450 points to finish the June 30-July 6 period at 10,027.
TSX Venture Exchange June 30 – July 6
The S&P/TSX Venture Composite index mirrored shaky markets around the world during the June 30-July 6 reporting period, losing 40.93 points to close at 1,064.63. Daily trading volumes remained sub…
Capital Gold Posts Solid Quarterly Results
The last time junior gold producer Capital Gold (CGC-T, CGLD-O) was in the news was in late March, when its board of directors decided not to go through with a proposed merger with Gammon Gold (GAM-T,…
Lme Warehouse Levels (July 13, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 7, 2009 (change from June 30 in brackets):
Spot Prices (July 13, 2009)
COURTESY OF SCOTIABANK
Klondex Board Rejects Silvercorp Offer
VANCOUVER — Calling it “opportunistic,” Klondex Mines’ (KDX-T, KLNDF-O) board of directors has rejected an all-share hostile takeover bid made in June by Silvercorp Metals (SVM-T, SVM-X).
Starfield To Acquire Nevoro In Friendly Deal
Explorer Starfield Resources (SRU-T, SRFDF-O), which is advancing the Ferguson Lake base metal and platinum group metal (PGM) project in Nunavut, is taking over fellow junior Nevoro (NVR-T, NEVIF-O), …
Teck Turns To China To Lower Debt
It was such a short time ago that Canada’s biggest independent miner was suffering from too much debt and too little cash flow.
Positive Scoping Study For Kuriskova
A preliminary assessment of Tournigan Energy’s (TVC-V, TVCFF-O) Kuriskova uranium deposit in Slovakia calculates a payback within roughly one-third of the projected mine life and production costs subs…
Livengood Resource Tops 10 Million Oz. Gold
VANCOUVER — A winter drill program at International Tower Hill Mines’ (ITH-V, THM-X) Livengood project in Alaska has boosted the gold count in the deposit’s highgrade core by 20%.
Teck Lets The Dragon In The Door
The last trading week of the second quarter of 2009 brought an end to the worst first half of the year for miners since 2002, though the signs of continued recovery point to a brighter second half and…