Short Position Report
Short positions outstanding at Dec.15/14 (with changes from Nov.30/14).
Stock Markets/Investing
Coeur pays US$161 million for Paramount’s San Miguel
VANCOUVER — According to Coeur Mining (NYSE: CDE) president and CEO Mitchell Krebs, the company’s friendly take-over of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the most “logical and strategic acquisitions”…
Short Position Report
Short positions outstanding at Nov.30/14 (with changes from Nov.15/14).
Wall Street gets slammed, Dec. 8-12
The market sell-off on Wall Street was one of the worst in more than two years as oil dropped below US$62 a barrel and China reported more weak economic data. The S&P 500 Index fell 3.5% to 2002.33 and the Dow Jones Industrial Average…
Dundee: Gold miners continue to wrestle with costs
VANCOUVER — Cost optimization has been an underlying theme for gold miners over the past few years. Falling metal prices and frugal capital markets have made it hard to balance sustainable production growth and strong profit margins. In…
TSX continues decline, Dec. 8-12
Canada’s benchmark index fell during the trading week as investors fretted over plunging oil prices and weaker-than-expected economic data from China. The S&P/TSX Composite Index lost 742.65 points, or 5%, to end at 13,731.05. The…
TSX Venture hits new low, Dec. 8-12
The S&P/TSX Venture Composite Index finished in the red after losing 6.9%, or 48.21 points, en route to a 653.78-point weekly close. Energy stocks floundered during a freefall in crude oil prices, as the International Energy Agency slashed…
US stock indexes post seventh week of gains, Dec. 1-5
Falling prices for crude oil weighed on energy stocks, but a surprisingly strong jobs report buoyed the Dow Jones Industrial Average and the S&P 500 Index, which posted their seventh weekly advance. November payrolls rose by 321,000 in the…
Freeport-McMoRan rejigs property portfolio as oil prices sink
VANCOUVER — It’s been a year of change for miner Freeport-McMoRan (NYSE: FCX) that has included a portfolio shuffle and renewed focus on a strong balance sheet and dividends. The company remains a big player in the…
TSX Venture closes barely above 700 points, Dec. 1-5
The S&P/TSX Venture Composite struggled during the trading sessions, dropping 5.4%, or 39.88 points, en route to a 701.99-point weekly close. Energy markets were further hit by falling crude oil futures, which reached a five-year low….
TSX dragged lower by energy, jobs data, Dec. 1-5
Weaker-than-expected employment numbers showing Canada lost 10,700 jobs in November — which pushed up the unemployment rate to 6.6% from October’s 6.5% — along with disappointing earnings from the big banks and energy stocks…
Commentary: Miners hit the road on Euro bus tour, Part I
MUNICH, GERMANY — Dave Hodge, the president of Zimtu Capital, has a public persona that transcends the Atlantic.