Lake Shore closes $90M financing
Lake Shore Gold (LSG-T) has completed a $90-million public offering to strengthen its balance sheet, which was in “bad shape” even after closing several other financings this year, says Haywood Securities’…
Canada
Commentary: New guidance for disclosing PEAs in Canada
On Aug. 16, 2012, the Canadian Securities Administrators (CSA) published CSA Staff Notice 43-307 Mining Technical Reports – Preliminary Economic Assessments, which sets out staff’s position on several issues regarding the use and…
Commentary: Equitable compensation and the Canadian multinational corporation
Deciding whether to provide similar levels of pay for work of equal value is a natural consideration for Canadian companies with operations abroad — internal equity is a key platform for human resource strategy. However, a number of…
Toronto Stock Exchange
The S&P/TSX Composite Index went into the Labour Day weekend on a downturn as it shed 148 points to 11,949.26 for the period.
TSX Venture Exchange
The mid-August rebound of the S&P/TSX Venture Composite Index came to a halt as four days of losses pulled the index down 11.14 points to 1,240.74. Volume was in-line with recent weeks at an average of 71.4 million shares traded daily,…
Metals, mining and money market
SPOT PRICESCourtesy of ScotiaBankTuesday, September 4, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at Aug 15/12 (with changes from July…
People
Aurico Gold — René Marion to resigned as president, CEO and a director in Sept. for health reasons; Scott Perry appointed president and CEO; Colin Benner appointed executive chairman.AuRo Resources — John Gomez appointed CEO,…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 3 Aug 31 Aug 30 Aug 29 Aug 28 US$ in C n/a 0.9926 0.9926 0.9875 0.9864 …
Editorial: A sudden chill for miners in Canada
The political winds are turning against miners in Canada, with the Sept. 4 victory of the tax-and-spend Parti Québécois in Quebec and the pro-mining Liberal party in B.C. on its last legs, and looking to be replaced by the…
New Carolin looks to reopen old Carolin mine
The Vancouver area is well known as a hub for mining expertise and head offices, but much less so as a suitable location for an active field office. But for New Carolin Gold (LAD-V) — with its eponymous Carolin mine project sitting 160 km…
Noront hopes to soar with Eagle’s Nest
VANCOUVER — Toronto-based explorer Noront Resources (NOT-V) is banking on a newly-published feasibility study at its advanced-stage Eagle’s Nest pollymetallic nickel-sulphide deposit — which also includes copper, platinum,…