Short Position Report
Short positions outstanding at May 31/13 (with changes from May 15/13).
News
Brazil production in sight, Carpathian says
Gold production at Carpathian Gold’s (CPN-T) Riacho dos Machados project in Brazil will start at the end of the third quarter of this year, making the Toronto-based junior the South American nation’s newest producer of the metal.
NGEx wraps up campaign with high-grade hit
VANCOUVER — Copper explorer NGEx Resources (NGQ-T) capped off a busy drill season in April, with the Vancouver-based company completing 44,000 metres over a promising property package that straddles the Chile-Argentina border, southeast…
U.S. markets, May 27-31
U.S. markets were closed for the Memorial Day holiday on May 27, and when trading resumed equities were volatile for the rest of the week, rising one day only to fall the next on mixed news. Markets initially rose on Tuesday after Japanese and…
Toronto Stock Exchange, May 27-31
The S&P/TSX Composite Index slipped during the trading week, losing 16.8 points to 12,650.42, as investors considered the bleak economic data coming out of Europe and the U.S.
Correction
The story “Geoscience B.C. lures stakers to North Vancouver Island” (T.N.M., June 3–9/13) incorrectly stated the mineral resource for NorthIsle Copper and Gold’s Hushamu deposit. In fact, Hushamu contains an indicated…
Commentary: Canada helps developing countries with responsible resource extraction
Today, Canada’s private-sector investments account for almost half of global mining activities in developing countries, and represent about 12% of Canada’s foreign direct investment. As an extractives industry success story, Canada…
Agnico Eagle spends $66M to seal five strategic deals
VANCOUVER — For mining companies pursuing growth, it is a good time to buy. Several years of depressed base metal prices combined with a recent downturn in the gold price means junior miners and explorers are generally cheap, which is the…
Hudbay on schedule at Constancia despite rain
VANCOUVER — Operating in the Peruvian Andes can offer a range of challenges, not the least of which is a rainy season that usually runs from September through April. And heavy rains proved to be an issue for Canadian base metal producer…
New Gold eliminates Mesquite hedges for US$65.7 million
VANCOUVER — Vancouver-based producer New Gold (NGD-T, NGD-X) has suffered similar market devaluation to its peers in recent months, with its shares dropping 40% or $4.44 since early January as gold prices have declined. However, the…
PEA outlines Scorpio’s mine-expansion plans
VANCOUVER — Scorpio Mining (SPM-T) has faced more than a few challenges over the last year, starting with the need to downsize the resource at its Nuestra Senora deposit when mining revealed more geologic variations than expected. Soon…
Santo Domingo feasibility expected in less than a year
When Capstone Mining’s (CS-T) Santo Domingo iron oxide-copper-gold project in Chile eventually enters commercial production in 2017 or 2018 — at an estimated capital cost of between US$1.5 billion and US$1.8 billion — the…