Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Canada
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
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 …
North American Nickel’s interstellar story at Maniitsoq
It is not often that a mining company finds itself headlining space publications and astronomy journals, but that is exactly what happened to North American Nickel (NAN-V, WSCRF-O) when the Geological Survey of Denmark and Greenland announced…
Kinross names new CEO
Kinross Gold’s (K-T, KGC-N, KNRSF-O) Tye Burt joins the growing ranks of fallen CEOs at companies struggling to keep investors satisfied at a time of depressed share prices, cost inflation, project delays and internal reviews of assets….
Detour Lake in line for 2013 start-up
Detour Gold (DGC-T) says the Detour Lake open-pit mine in northeastern Ontario remains on budget and track for initial gold production in early 2013.Construction at the project reached the 75% completion mark at the end of June. More…
Sabina Gold makes progress in Nunavut
Drill results from Sabina Gold & Silver’s (SBB-T) Back River project in southwestern Nunavut about 520 km northeast of Yellowknife and 50 km southeast of Xstrata Zinc Canada’s Hackett River silver-zinc project, demonstrate the…
HudBay inks deal with Silver Wheaton
Construction of the $1.5 billion Constancia copper mine in southern Peru is a go and HudBay Minerals (HBM-T, HBM-N) has signed a streaming agreement with Silver Wheaton (SLW-T) to help foot the bill.
Northern Tiger reawakens Sleeping Giant
VANCOUVER — Northern Tiger Resources (NTR-V) has renewed interest in the Sleeping Giant zone at 3Ace project in southeast Yukon with some encouraging sampling results.
Venture slips slightly in July 30-August 3 period
VANCOUVER — The S&P TSX Venture Composite Index slipped 3.69 points to 1,186.95 points in the July 30 to August 3 period after three days of losses outweighed two days of gains. Volume was up by several million to an average of 62…
Ontario and Quebec propose changes to mining rules
Interestingly, both Ontario and Quebec are proposing significant changes to their respective mining legislation.In Ontario, the public comment period closed on May 1, 2012, on six regulatory proposals under the Ontario Mining Act that were…
Toronto Stock Exchange
The S&P/TSX Composite Index rose 231 points to 11,766.36 for the period as investors focused on possible monetary easing and a stabilizing European debt crisis. Optimism had been spurred on by the European Central Bank’s pledge to do…