Canadian gold mutual funds
Fund nameJan. 9Dec. 23ChangeChangeYTDMER*Assets*
Volume 97 Number 48 Jan 16 - 22, 2012
Scotgold’s Cononish ages nicely in the barrel
Tyndrum, a tiny village of around 160 people in Scotland’s Grampian Highlands, sits at the northern edge of the Loch Lomond and Trossachs National Park on the side of a highway.
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 9, 2012 (change from Jan. 3 in brackets):
TSX short positions
Short positions outstanding at Dec. 31/11 (with changes from Dec. 15/11).
TSX Venture short positions
Short positions outstanding at Dec. 31/11 (with changes from Dec. 15/11).
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
New royalties rattle Gabriel investors
Investors in Gabriel Resources (GBU-T) were hit by post-holiday blues after the Romanian government announced that it would be doubling royalties on gold production in the country.
Baja Mining updates progress at Boleo
Baja Mining (BAJ-T) has tested the first of three 2.5-megawatt power generators at its 70%-owned Boleo copper-cobalt-zinc-manganese project, and says that all three will be online before the month’s end.
Cline ramps up production at New Elk
Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year, as part of its initial 20-year mine plan.
What’s next for BC’s Ajax copper-gold project?
Abacus Mining & Exploration (AME-V) envisions an interesting prospect at its joint-ventured Ajax copper-gold project near Kamloops, B.C., with a feasibility study showing the project could support a 60,000-tonne-per-day operation generating…
Playfair’s tungsten resource grows at Grey River
Playfair Mining (PLY-V) has increased its inferred resource at Grey River, Nfld., by 16%, to 1.2 million tonnes grading 0.73% tungsten trioxide (WO3) for 18.8 million lbs. WO3, or 853,000 metric tonne units (MTUs). (MTUs are the standard weight…
Molycorp secures offtake agreements for 78% of REE production
In early January, Molycorp (MCP-N) announced that it had found a home for more than three quarters of its first phase of production, ahead of starting up a rare earth production facility at its Mountain Pass rare earths mine in California.