TSX Venture short positions
Short positions outstanding at Jan. 31/12 (with changes from Jan. 15/12).
News
Where did Nevsun’s gold go?
At a time of record-high gold prices Nevsun Resources (NSU-T) had the unfortunate task of announcing to the market that it has a lot less gold in its deposit than it originally believed.
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Cerro Resources makes headway at Mt. Philp
A new resource estimate for the Mount Philp hematite iron prospect in Northwestern Australia shifts more inferred resources into the indicated category but has failed to lift the shares of Cerro Resources (CJO-V, CJO-A).
Tanzanian Royalty ramps it up in northern Tanzania
Tanzanian Royalty Exploration (TNX-T, TRX-X) made good on its word to get things moving at its Itetemia and Luhala gold projects in northern Tanzania’s Lake Victoria goldfields.
Molycorp secures US$390M for growth
U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molymet 12.5 million shares in exchange for US$390 million.
Canada and China sign landmark uranium agreement
A new trade deal allowing Canadian uranium exports to China is eliciting cheers from uranium companies across the country. The deal was one of several agreements signed during a visit to China in early February by Canadian Prime Minister…
Marathon Gold goes the distance in Idaho, Newfoundland
Newfoundland-focused explorer Marathon Gold (MOZ-T) is ramping up its U.S. presence with a 20,000-metre drill program at its Golden Chest gold mine project in Idaho and a historic Bonanza gold mine acquisition across the state line in Oregon.
People
Coeur d’Alene Mines — Randy Buffington appointed senior VP of operations.
Grande Cache rises as deal nears completion
Investment Canada shunned critics and gave a nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Market news
Toronto Stock Exchange
Orezone turns assets to cash in Burkina
Being in a gold-rich country before the mining world gets turned on to it can pay some handsome dividends, as Orezone Gold (ORE-T) is proving in Burkina Faso.