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The exploration camp at Candente Copper's Canariaco Norte porphyry copper project 700 km northwest of Lima, Peru. Photo by Candente Copper

Candente makes headway in Peru

On the last day of May, Peru’s  Ministry of Energy and Mines granted Candente Copper (DNT-T) the permit it needs to complete drilling for its feasibility study on the Canariaco Norte project, a porphyry copper deposit about 700 km…


A mill at Yamana Gold's El Penon gold-silver mine, 160 km southeast of Antofagasta, Chile. Photo by Yamana Gold

Yamana ramps up exploration at El Penon

Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…


The Gualcamyo gold mine in the northern San Juan province of Argentina. Photo by Yamana Gold

Yamana pounces on Extorre

Following a tumultuous four months that saw its share price plummet and development options narrow, Vancouver-based explorer Extorre Gold Mines (XG-T, XG-X) has found a ­solution to its problem in the form of Toronto-based miner Yamana Gold…


LME falling into Chinese hands

In another milestone of Britain’s century-long fading as a global power, the 135-year-old, privately held London Metal Exchange — the world’s premier non-ferrous metals market — looks set to be sold off to interests…



Obituary: Kinbauri founder Christopher Gleeson

After a 60-year career as distinguished scientist, explorer, pioneer and innovator, Christopher Gleeson has died of cancer.Born in Ottawa in August 1931 to Irish immigrants, Gleeson earned his B.Sc. from Loyola College in Montreal in 1953. He…


Atacama Pacific has several projects in Chile in addition to its flagship Cerro Maricunga gold property. Photo by Atacama Pacific

Atacama drills deep into Chile

Carl Hansen is a big fan of the Maricunga mineral belt in Chile’s Atacama region, high in the Andes.The president and CEO of Atacama Pacific (ATM-V) is advancing the company’s wholly owned Cerro Maricunga gold project, which is just…


Short position reports

TSX Short Positions                                   Short positions outstanding at June 15/12 (with changes from May…



TSX venture exchange

The S&P/TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains, ending at 1,251.02. Volume was also down for most of the period, but a spike at the end of the week left the average volume…


People

Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…


Hauling material at Rio Tinto's and Harry Winston Diamond's Diavik diamond mine 300 km northeast of Yellowknife, Northwest Territories. Photo by Harry Winston Diamond

Harry Winston sees Q1 profits, revenues rise

Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…


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