Short position reports
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…
Canada
Yukon gov’t extends staking ban in Peel watershed
The Yukon government has extended a mineral-staking ban in the Peel watershed until May 4, 2013, while it develops a land-use plan for the region. The ban was set to expire on Sept. 4.
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4 US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863 …
Rainy River adds more shine to 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. Given the current negative market conditions, the…
People
Athabasca Uranium — Paula Rogers appointed a director.Atlanta Gold — Wm. Ernest Simmons appointed president and CEO.Aura Minerals — Britt Reid departed as executive VP and COO.Canadian Electrolytic Zinc — Eva Carissimi…
Pretium lowers Brucejack’s resource estimate
Pretium Resources’ (PVG-T, PVG-N) saw total resources at its Brucejack gold-silver project in northern B.C. decrease after publishing an updated resource estimate for one of the project’s underground deposits.
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’…
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…