News

Toronto Stock Exchange

The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…


US markets

Wall Street enjoyed a three-day winning streak and ended in positive territory despite sobering news at the end of the week that Spain’s indebted region of Valencia had asked the central government for financial aid, reigniting fears that…



Short position reports

TSX Short Positions       Short positions outstanding at July 15/12 (with changes from June 30/12).         Largest Short Positions       Security Ticker Total…


Wesdome Gold Mines CEO Donovan Pollitt cuts the ribbon at the Mishi gold mine opening in Wawa, Ontario. Photo by Alisha Hiyate

Wesdome goes back to the well with Mishi

While many juniors embrace a mantra of growth at any cost, pursuing pricey takeovers or drilling endlessly to produce impressive-sounding resource estimates, Wesdome Gold Mines (WDO-T) takes a ­different tack.With a decidedly conservative…


Exploration geologists Rory Krocker (front) and Adam Larsen examine core at Treasury Metals' Goliath project. Photo by Treasury Metals

Aquiline grads look for treasure in Ontario

Three years after selling the ­world-class Navidad silver deposit in Argentina, the key members of the former Aquiline Resources team are looking to strike pay dirt again — only this time, they are doing it closer to…


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  …


AuRico trims 2012 production guidance

AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.The Toronto-based producer says the shortage of workers at…


Golden Arrow gets lift from drill results

Stepout drilling at Golden Arrow Resources’ (GRG-V) Chinchillas silver project in Argentina’s Jujuy province has returned several long intercepts including 29 metres grading 631 grams silver per tonne, the company reports.The…


Drillers at Unigold's Candelones target at its Neita gold project in the Dominican Republic. Photo by Unigold

The DR delivers for Goldquest and Unigold

Dominican Republic-focused explorers Goldquest ­Mining (GQC-V) and Unigold (UGD-V) both announced sizeable stepout gold-copper hits at their nearby properties in the northeast corner of the country near Haiti on July 18.For Goldquest, the…


An aerial view of core racks at Intrepid Mines' Tujuh Bukit copper-gold project in Java, Indonesia. Photo by Intrepid Mines

Indonesian ‘shadow interests’ frustrate Intrepid

Brisbane, Australia-based Intrepid Mines (IAU-T) is the latest victim in an ongoing nationalization saga in Indonesia and its neighbours. On June 28 an unknown entity seized control of its Indonesian joint-venture partner Indo Multi Niaga…


An aerial view of drought-affected farms, 130 km east of Denver, Colo. Green areas are irrigated, the yellow areas are dryland wheat crops. Photo by Lance Cheung/USDA

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…


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