Blockade forces Excellon to shut Platosa mine
VANCOUVER — Excellon Resources (EXN-T) continues to be plagued by labour and community issues at its Platosa mine in Mexico’s Durango State, with the company recently forced to suspend operations.
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Palmarejo continues to deliver
Of Coeur d’Alene Mine’s (CDM-T, CDE-N) three producing mines, Palmarejo in northern Mexico is the largest contributor to company sales and operating cash flow. Metal sales from the mine in Chihuahua State last year reached US$513…
Puma hunts high-grade silver in New Brunswick
VANCOUVER — In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Quebec-based…
Search for deep-sea treasure intensifying
ng harder to find and even harder to put into production owing to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of riches.Nautilus Minerals (NUS-T) has been at the…
Toronto Stock Exchange
he S&P/TSX Composite Index was off 101 points to 11,662.59 for the period after the European Central Bank disappointed investors. In the previous period ECB president Mario Draghi ignited a market rally by saying the central bank would do…
TSX Venture Exchange
The S&P/TSX Venture Composite Index slipped 3.69 points to 1,186.95 in the period after three days of losses outweighed two days of gains. Volume was up by several million to an average of 62 million shares traded daily, but still well in…
US markets
The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17. The U.S. Labour Department said that employers added 163,000…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ 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…
North American Nickel’s interstellar story at Maniitsoq
It is not often that a mining company finds itself headlining space publications and astronomy journals, but that is exactly what happened to North American Nickel (NAN-V, WSCRF-O) when the Geological Survey of Denmark and Greenland announced…