News

COURTESY OF SCOTIABANK

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 13, 2009 (change from Oct. 6 in brackets):

Investors spent the Oct. 6-9 reporting period, shortened due to the Thanksgiving holiday in Canada, buying junior stocks and pushing the S&P/TSX Venture composite index up. The board gained every …

The S&P/TSX composite index continued to show resilience over the holiday shortened Oct. 6-9 reporting period, despite widespread consensus that the market was due for a correction. The index gain…

Despite the looming risk of a double-dip recession and daily reminders — as if anyone needed them — that the road to recovery has major potholes ahead, U. S. equity markets enjoyed a relatively smoo…

It pays to have investors that believe in your cause.

Iberian Minerals (IZN-V, IMINF-O) is turning to a deep-pocketed investor to tide it over until it can secure senior debt financing.

Geologix Explorations — George Brack appointed a director.

Gold prices are typically strong in September and October as Western goldsmiths and jewellers stock up on inventory needed for the flurry of jewelry giving over the Christmas and New Year’s holidays.

The World Steel Association is forecasting that apparent steel use will contract worldwide by 8.6% to 1,104 million tonnes in 2009 after declining by 1.4% in 2008.

VANCOUVER — A prefeasibility study for Bayswater Uranium’s (BAY-V, BYSWF-O) newly acquired Reno Creek project indicates a small mine at the Nevada project could provide a strong rate of return.

The surprise US$120-million bid by Montreal-based junior Consolidated Thompson Iron Mines (CLM-T, CLMZF-O) on Oct. 9 for a 100% interest in the Wabush Mines iron ore joint venture in Quebec and Labrad…