US markets
The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17. The U.S. Labour Department said that employers added 163,000…
United States
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…
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 …
Hecla withdraws US Silver bid
Hecla Mining’s (HL-N) attempt to derail a merger agreement reached last month between U.S. Silver (USA-T, USSIF-O) and RX Gold & Silver (RXEXF-O) has fallen short. Both U.S. Silver and RX Gold shareholders have voted in favour of a…
NovaCopper hits the ground running in Alaska
Newly minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and an inaugural…
Rosemont will cost more, Augusta says
Shares of Augusta Resource (AZC-T, AZC-X) closed 7.8% lower at $1.66 per share following an updated feasibility study release that estimated higher capital and operating costs for its Rosemont copper project near Tucson, Ariz.Total initial…
General Moly addresses cost overruns at Mt. Hope
VANCOUVER — It is not the best time to be in the molybdenum business, as U.S.-based developer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, along with…
Molycorp sinks on Q2 loss
Second-quarter earnings season hasn’t been a picnic for most companies but Molycorp’s (MCP-N) US$67.6 million loss or US$0.71 per share in the quarter compared to a profit of US$47.8 million or US$0.53 per share in the second…
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…
US markets
The Dow Jones Industrial Average surpassed the 13,000 level for the first time since early May, rallying 253 points to end the week up 2% at 13,075.66. This upward trend was seen in other major indexes during the period. The S&P 500 Index…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 31, 2012 Precious MetalsPrice…