Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 23 July 20 July 19 July 18 July 17 US$ in C 1.0172 1.0114 1.0077 1.0112 1.0141 …
United States
US drought: a benefit to fertilizer companies?
If the dry weather in the U.S. continues, it could turn out to be “the worst drought of our generation,” CIBC analyst Jacob Bout writes in a 196-page industry report, noting that damage to the corn crop so far this year is…
Hecla goes hostile on U.S. Silver
In yet another sign that M&A continues to pick up steam Hecla Mining (HL-N) is seeking to derail a merger agreement reached last month between U.S. Silver (USA-T) and RX Gold & Silver (RXE-V) and scoop up U.S. Silver for itself in an…
Commentary: Digging into valuable US tax incentives
Many Canadian miners operating in the U.S. are not aware of the extensive tax incentives that the U.S. government offers to individuals and companies exploring, developing and extracting minerals. These tax incentives can provide significant…
Rosemont will cost more, Augusta says
Shares of Augusta Resource Corp. (AZC-T) closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.
Metals commentary: PGMs could see supply shortage this year: CPM
The following is an excerpt from a summary of the CPM Group’s Platinum Group Metals Yearbook 2012 report.The annual average prices of platinum and palladium rose to multi-year highs in 2011. Platinum prices averaged US$1,722.39 per oz….
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June…
People
Bannerman Resources — Mason Hills retired as a director; Ian Burvill appointed a director.Brazil Resources — Victor Jamarillo appointed technical director; Paulo Espellet appointed senior geologist.Forsys Metals — Rowen…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 16 July 13 July 12 July 11 July 10 US$ in C 1.0157 1.0151 1.0214 1.0195 1.0203 …
NovaGold narrows focus on Donlin
NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest potential gold…
Cline hit hard by falling coal demand, suspends New Elk ops
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…