HudBay inks deal with Silver Wheaton
Construction of the $1.5 billion Constancia copper mine in southern Peru is a go and HudBay Minerals (HBM-T, HBM-N) has signed a streaming agreement with Silver Wheaton (SLW-T) to help foot the bill.
Canada
Northern Tiger reawakens Sleeping Giant
VANCOUVER — Northern Tiger Resources (NTR-V) has renewed interest in the Sleeping Giant zone at 3Ace project in southeast Yukon with some encouraging sampling results.
Venture slips slightly in July 30-August 3 period
VANCOUVER — The S&P TSX Venture Composite Index slipped 3.69 points to 1,186.95 points in the July 30 to August 3 period after three days of losses outweighed two days of gains. Volume was up by several million to an average of 62…
Ontario and Quebec propose changes to mining rules
Interestingly, both Ontario and Quebec are proposing significant changes to their respective mining legislation.In Ontario, the public comment period closed on May 1, 2012, on six regulatory proposals under the Ontario Mining Act that were…
Toronto Stock Exchange
The S&P/TSX Composite Index rose 231 points to 11,766.36 for the period as investors focused on possible monetary easing and a stabilizing European debt crisis. Optimism had been spurred on by the European Central Bank’s pledge to do…
TSX Venture Exchange
The S&P/TSX Venture Composite Index slipped 5.55 points during the period to end at 1,190.64 points after two days of losses outweighed three days of gains. Volume was down considerably, coming in 20 million shares lower than the week…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 31, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June 30/12). Largest Short Positions Security Ticker Total…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 30 July 27 July 26 July 25 July 24 US$ in C 1.0033 1.0060 1.0101 1.0181 1.0208 …
Seabridge stays hopeful at Courageous Lake
A new preliminary feasibility study (PFS) on Seabridge Gold’s (SEA-T, SA-X) Courageous Lake gold project in the Northwest Territories suggests the project is viable at current gold prices, and more work needs to be done to lift its…
Agnico mines humming along
The message out of Agnico-Eagle Mines’ (AEM-T, AEM-N) headquarters after the second quarter is one of stability and efficiency.The company says the first half of the year was all about optimizing its five mines, and with the process…
Spanish Mountain aims for improved project economics
Vancouver-based explorer Spanish Mountain Gold (SPA-V) is on track to release updated economics for its Spanish Mountain gold project 70 km northeast of Williams Lake, B.C., by October. The company pushed back the date on its pre-feasibility…