Short Position Report (December 06, 2010)
TSX Short Positions Short positions outstanding at Nov. 30/10 (with changes from Nov….
News
Miners carry TSX higher
Despite some poor economic indicators – such as Canada’s account deficit widening to its largest level since 1946 — investors were still holding to the theme of upside potential going forward. Such bullishness was supported by stronger…
Castle Resources finds more copper below mined-out ore bodies at Granduc
Toronto-based junior Castle Resources (CRI-V) wants to redevelop the past-producing Granduc copper mine near Stewart, British Columbia, which produced 420 million pounds of copper plus gold and silver credits between 1971 and 1984.
U. S. Markets end week on positive note despite poor jobs market
U.S. stocks finished the week with a strong performance, amid mixed economic data. While U.S. retailers reported strong November sales, a new jobs report showed unemployment had risen to a seven-month high of 9.8% in November as hiring slowed….
SouthGobi Resources inks alliance with Winsway Coking Coal
Shares of SouthGobi Resources (SGQ-T, 1878-SEHK) leapt $1.82 or 15.04% to $13.92 apiece by early afternoon in Toronto on news the company had signed a five-year strategic alliance to sell at least two million tonnes of coal a year to Winsway…
Peregrine’s Chidliak delivers the goods (December 06, 2010)
Highly anticipated mini-bulk sample results from Peregrine Diamonds’ (PGD-T) Baffin Island Chidliak diamond project didn’t disappoint.
Almaden expands Ixtaca gold-silver zone
Almaden Minerals (AMM-T, AAU-X) has extended the Ixtaca gold-silver zone by more than 100 metres along the interpreted strike with the latest drill results from its Tuligtic project in Puebla state, M…
Vatukoula Gold seeks North American listing
Dave Paxton was so convinced he could turn around Fiji’s only gold mine that he left a comfortable job as a mining analyst at Hichens Harrison, London’s oldest stockbroking firm, to put his money wher…
Mercer holds gold in Colombia
With the gold boom in Colombia in full swing, it may come as some surprise that speculative land next to a 10-million-oz. gold deposit would still be available.
Medusa to build a new plant at Co-O mine
Debt-free and unhedged gold producer Medusa Mining (MLL-T, MML-L, MML-A) will use US$80 million from its cash flow to build a new treatment plant and expand its Co-O gold mine in southeastern Mindanao…
Corex gains on Santana results
VANCOUVER — Corex Gold (CGE-V) added 20% to its share price after another set of drill results from the Santana project in Mexico’s Sonora state expanded the Nicho gold-oxide zone.
Pershimco revives Panamanian project
VANCOUVER — Just two months after buying the Cerro Quema gold project in Panama, Pershimco Resources (PRO-V) is pulling long gold intercepts from the site as it works to twin historic holes and colla…