Rainy River adds more shine in updated PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario.
Canada
Midland showcases partnership model
Junior Midland Exploration (MD-V) has assembled a number of gold, base metal and rare earth element projects in the Abitibi and James Bay area of Quebec but it is perhaps best known for championing the partnership model.
Detour on track for production in early 2013
CIBC mining analyst Cosmos Chiu, who recently returned from a site visit to Detour Gold’s (DGC-T) gold project in northern Ontario, forecasts first production at the mine in February 2013 with commercial production after the mid-year…
Venture climbs for second week in August 20-24 period
VANCOUVER — The S&P TSX Venture Composite Index climbed for a second week, up 18.46 points in the August 20 to 24 period to end at 1,251.88 points after four days of gains. Volume was fairly consistent with the rest of August at an…
Toronto Stock Exchange
The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…
TSX Venture Exchange
The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
Barkerville in the doghouse with BCSC
The British Columbia Securities Commission (BCSC) has halted trading in Barkerville Gold Mines (BGM-V) because a much-anticipated technical report on its Cow Mountain gold deposit is not up to standard.
Honouring Timmins’ mine finders
Led by association president Dean Rogers, northern Ontario’s Porcupine Prospectors and Developers Association has erected three bronze statues to honour legendary gold mine finders (from left): Jack Wilson of the Dome mine, Sandy McIntyre…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Advanced Explorations drops on feasibility study
Shares of Advanced Explorations (AXI-V) plunged 37% following the results of its feasibility study on the Roche Bay iron project on the Melville Peninsula in Nunavut.