Editorial: Majors pour billions into Eastern Canada
It’s not as exciting as a mine built from scratch on a substantial mineral discovery, but the recent expansions announced by majors in eastern Canada all add up to significant economic activity.
It’s not as exciting as a mine built from scratch on a substantial mineral discovery, but the recent expansions announced by majors in eastern Canada all add up to significant economic activity.
Short positions outstanding at May 15/11 (with changes from Apr. 30/11).
CompanyDiv.PayRecord
as of 9 a.m. ET. Aug. 23, 2010(%)
Australia (A$)Aug 24Aug 17Change
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
A combination of low grades and machine troubles led to a difficult quarter for gold miner Aurizon Mines (ARZ-T, AZK-X), but the company reports that it expects to return production to normal as it embarks on extensive exploration work.
Yukon-Nevada Gold (YNG-T) shares saw a healthy boost following first quarter results and a recent $59-million financing, which will be used to upgrade its Jerritt Canyon gold mine in Nevada.
From the ashes of a high-flying hydrogen fuel cell promotion and later a construction-site preparation and excavation business, Pan Terra Industries (PNT-V) has re-emerged as a mineral explorer.
A small market cap can be a wonderful thing as evidenced by the market action of two different companies in early May.
Quadra FNX Mining (QUX-T) is hooking up with Sumitomo to develop the sizable Sierra Gorda copper-molybdenum project in the Atacama Desert of northern Chile.
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