Alexandria finds new gold in the same old place
Some places just never go out of style.
Canada
Venture hits new 52-week low in June 18-22 period
VANCOUVER — The S&P TSX Venture Composite Index sunk to a new low in the June 18 to 22 period, dropping 45 points to close at 1,206.03 points. The closing position puts the index at a new 52-week low and its lowest level since…
TSX drops on global growth concerns
It was a turbulent week for the Toronto Stock Exchange as the S&P/TSX Composite Index gained for three straight sessions before plummeting 351 points on June 21, the biggest one-day loss of the year. The next day the index recovered…
Yamana pounces on Extorre
Following a tumultuous four months that saw its share price plummet and development options narrow, Vancouver-based explorer Extorre Gold Mines (XG-T, XG-X) has found a solution to its problem in the form of Toronto-based miner Yamana Gold…
Market news
TORONTO STOCK EXCHANGE
TSX venture exchange
The S&P/TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains, ending at 1,251.02. Volume was also down for most of the period, but a spike at the end of the week left the average volume…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May…
Obituary: Kinbauri founder Christopher Gleeson
After a 60-year career as distinguished scientist, explorer, pioneer and innovator, Christopher Gleeson has died of cancer.Born in Ottawa in August 1931 to Irish immigrants, Gleeson earned his B.Sc. from Loyola College in Montreal in 1953. He…
Letter to the Editor: Management quality not what it used to be
The commentary by Jay Collins you published (“Cost overruns on capital development — a growing concern,” T.N.M., June 11–17/12) strikes me as both timely and appropriate.Our industry has gone through many changes in the…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12 US$ in C 1.0266 1.0244 1.0247 1.0270 1.0268 …
Commentary: Mining execs short-term gloomy, long-term optimistic: MRG survey
The following are findings from the Mining Recruitment Group’s (MRG) latest annual Executive Survey, which was distributed during the first week of June and completed by 140 mining leaders.This has been a year of tremendous volatility for…