Kivalliq looking to establish uranium district in Nunavut
VANCOUVER — Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut.
News
Xstrata copes with civil unrest in Peru
VANCOUVER — As with many developing countries, there is a natural resource duality in Peru that can trigger tension between pro-mining interests and local communities. Switzerland-based mega-miner Xstrata PLC (XTA-L) is stuck in the…
[Update] Positive PEA for Sabina’s Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
Drill results lift Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢ or 3.9% to $7.38 apiece on June 4.
Short Position Report
TSX Short Positions Short positions outstanding at May 31/12 (with changes from May…
Venture slides in May 28 – June 1 period
VANCOUVER — The S&P TSX Venture Composite Index swung back into the red in the May 28 to June 1 period, dropping 17.68 points to end at 1,291.59 on three days of gains and two days of losses. Volume kept in line with the week before…
TSX drops during May 28-June 1 week
The TSX Composite Index tumbled 215 points during the May 28-June 1 trading period to close at 11,361.20 points amid a gloomy economic backdrop.
Sunward grows the resource in Colombia
Sunward Resources (SWD-T) believes it could be sitting on top of Colombia’s next gold district and its latest resource estimate lends some credit to the notion.
US markets negative again, May 28-June 1
U.S. markets re-opened May 29 after the Memorial Day holiday to more worrying economic news on the home front, with jobs growth slowing again in May and the unemployment rate rising to 8.2%, up from 8.1% in April. The Dow Jones Industrial Index…
Forest fires threaten Kirkland Lake, Timmins
Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes and impacted four regional gold operations. Fire crews and the Ministry of Natural…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 28 May 25 May 24 May 23 May 22 US$ in C 1.0241 1.0285 1.0275 1.0275 1.0191 …
Is more uranium consolidation on the way?
The Fukushima nuclear disaster may have winded the nuclear power and uranium markets, but the furious pace of consolidation in the uranium mining sector is leaving investors betting on the next takeover target.So far this year, no less than…