Short Position Report (May 04, 2011)
Security Ticker Total Short Change Uranium One UUU 30814919 1920641 New…
News
Puda Coal faces class-action lawsuit (May 04, 2011)
Allegations of fraud and untrustworthy financial statements that have lead to a class-action lawsuit against former stock market darling Puda Coal (PUDA-X) underscores just how risky doing business in China can be.
First Quantum’s Trident receives Zambian president’s blessing
Even though it has yet to complete an initial National Instrument 43-101-compliant resource estimate for its recently acquired Trident copper project in Zambia, Vancouver-based copper miner First Quantum Minerals (FM-T, FQM-L) held a…
Santa Juana yields rich extension for ECU
ECU Silver Mining (ECU-T) has hit a new high grade mineralized zone at its Santa Juana mine in central Mexico The company says the discovery was made in the upper levels Santa Juana which is located within the main portion of its Velardena…
Quaterra picks up past producing open-pit copper mine in Nevada
The 1970s were not kind to the Anaconda Copper Company. Its properties were expropriated in Chile and the company was eventually taken over by Arco, an oil and gas company that wasn’t interested in the copper producer’s mineral assets, which…
International Tower Hill hits infill high-grade at Livengood
Vancouver – Winter infill drilling has returned strong gold intercepts at International Tower Hill Mines’ (ITH-T, THM-X) Livengood project in Alaska.
Greystar releases underground study on Angostura
Vancouver – Restructured Greystar Resources (GSL-T) has released an underground-only scoping study on its beleaguered Angostura gold-silver project in northeastern Colombia.
Midway bulks up gold resource at Spring Valley (May 02, 2011)
Two years worth of drilling by Barrick Gold (ABX-T, ABX-N) has allowed joint venture partner Midway Gold (MDW-V, MDW-N) to add significant gold resources to its Spring Valley gold project in Pershing County, Nevada.
Venture closes down in April 25-29 period
Vancouver – The S&P TSX Venture Exchange had a mixed week but ultimately ended down 29.5 points at 2,252.14 points in the April 25 to 29 period. Volume was down significantly from the period before, dropping 60 million trades a day to an…
TSX struggled in the Apr. 25-29 trading week
The TSX composite index dropped 27.23 points or 0.20% to finish the Apr. 25-29 trading week at 13,944.79, while the Capped Metals & Mining index rose 8.11 points or 0.55% to 1,485.47 and the Global Gold index fell 6.77 points or 1.64% to…
Letter to the Editor: Back off Berukoff
As a former Western Editor of your newspaper, I was disappointed to read the Lion One Metals (LIO-V) story (T.N.M., May 2-8, 2011).
U.S. markets were up, Apr. 25-29
The Dow Jones Industrial Average rose 304.55 points or 2.44% to close at 12,810.54, while the S&P 500 index advanced 26.23 points or 1.96% to finish at 1,363.61. The Philadelphia Gold and Silver Index fell 3.57 points or 1.58% to 222.22,…