Short Position Report (December 20, 2010)
TSX Short Positions Short positions outstanding at Dec. 15/10 (with changes from Nov….
News
Avanti Mining boosts Kitsault’s NPV (December 20, 2010)
A better long-term outlook for molybdenum prices and a nearly US$200 million decrease in initial and sustaining capital has improved the net present value of Avanti Mining’s (AVT-V) Kitsault project by about US$250 million, boosting it to…
Monument makes it happen in Malaysia
SITE VISIT KUALA LIPIS, MALAYSIA — True believers will persevere in the face of adversity. When the believers are mine builders, the recession of 2008-09 was the picture of adversity…
Ratel Gold to be King-king maker
VANCOUVER — For the second time this year, CGA Mining (CGA-T, CGX-A) is spinning off its African assets to focus on the Philippines.
Roughrider East delivers for Hathor
Now that all assay results have been received from its summer drill program on the Midwest Northeast uranium property in Saskatchewan’s Athabasca basin, Hathor Exploration (HAT-V) believes the Roughri…
Rival royalty firms to merge (December 20, 2010)
Franco-Nevada (FNV-T), the world’s largest resource royalty company with interests in gold, oil and gas, is beefing up its precious metals portfolio through a friendly takeover of Gold Wheaton Gold Co…
Oyu Tolgoi back on track with Ivanhoe-Rio deal (December 20, 2010)
VANCOUVER — The Oyu Tolgoi partners have signed a deal that gives Ivanhoe Mines (IVN-T) access to as much as US$6.5 billion to keep construction on track while giving Rio Tinto (RTP-N, RIO-L) an incr…
TNM Mining Persons of the Year: Ryan, Wood renew Yukon gold rush
Fourteen years ago Shawn Ryan and Cathy Wood were tromping around British Columbia, picking wild mushrooms. They loved the lifestyle, in large part because of its gold rush-style mentality: “You’d hav…
Worldwide nonferrous exploration budgets rise
The following is from the Metals Economics Group’s 21st Corporate Exploration Strategies study.
PEOPLE (December 20, 2010)
Anglo Swiss Resources — David Constable appointed a director.
TORONTO STOCK EXCHANGE -December 6-10
The TSX composite index was up 60.52 points to finish the Dec. 6-10 period at 13,239.47, marking the second consecutive weekly gain as both Canada and the U.S. posted better-than-expected trade data.
TSX VENTURE EXCHANGE -December 6-10
The Dec. 6-10 period saw the S&P TSX Venture composite index end up 14.37 points at 2124.30. Volume was in line with recent weeks, averaging 175 million shares traded daily. The bears-to-bulls rat…