TSX moves up during May 22-25
Amidst the continuing euro zone jitters, the Toronto Stock Exchange managed to finish in the positive territory during the holiday-shortened trading week.
News
U.S. equities ride the roller coaster May 22-25
VANCOUVER — Volatility remains the buzzword following a mixed week on Wall Street that saw indexes plunge to multi-month lows before rebounding to post modest weekly gains. The Dow Jones Industrial fell to lows of 12,315.95 on…
Teck lends a hand with zinc supplements for Senegal’s children
Each year, more than 4 billion cases of diarrhea cause 1.5 million deaths, including 6,000 in Senegal, and zinc deficiency is one of the leading risk factors. The effects of diarrhea can be fatal if left untreated, while germs that cause…
First resource for Cliffs’ and First Point’s Decar
A maiden resource estimate on Cliffs Natural Resources’ (CLF-N) and First Point Minerals’ (FPX-V) Decar nickel-iron alloy project in northern B.C. has delineated almost 3 billion lbs. nickel in the ground. The inferred resource on…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Gold Standard strikes again at Railroad
It looks like Gold Standard Ventures (GV-V) has done it again. The company’s shares jumped 51%, or 91¢ on April 26, following the new results from the North Bullion zone at its Railroad gold property outside of Elko, Nev. Gold…
Lifton describes copper as ‘nerves of civilization’
In a keynote address at Byron Capital Markets’ third annual conference on electric metals in Toronto on April 19, Jack Lifton warned that copper shortages should be a far greater concern than electric metals, such as rare earths, graphite…
Greenbushes bears fruit for Talison
Cash-rich Talison Lithium (TLH-T) booked record thirdquarter sales volume, revenue and net income from its high-grade Greenbushes lithium operation in southwestern Australia, and president and CEO Peter Oliver forecasts global demand for…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 21 May 18 May 17 May 16 May 15 US$ in C N/A 1.0210 1.0164 1.0102 1.0029 …
Canada Lithium down on $30M equity financing
Canada Lithium (CLQ-T) saw its share price deflate after revealing it would raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val-d’Or by year-end. The junior filed a preliminary short-form…
Mulatos delivers for Alamos
Alamos Gold (AGI-T) is off to a good start for the year, with record earnings and cash flows for the three months ended March 31, 2012. Earnings grew by 65% to US$29.5 million, or US25¢ per share compared to the year-ago period, partially…
Time is not on Baja’s side
There is “substantial doubt” that Baja Mining (BAJ-T) will continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis, under a section entitled “Risk Factors.”