News

NMC Resource’s take on molybdenum

VANCOUVER — Molybdenum gets little glory in the metals world. On the production side more than half of it is produced as a by-product of more prominent metals like copper, while on the consumption side it is mostly used as a secondary…



Bannerman’s Etango gets environmental go-ahead

Bannerman Resources (BAN-T, BMN-A) has received an environmental nod from the Namibian Ministry of Environment and Tourism to develop its Etango uranium project, located on the Namib Desert sands, near the costal town of Swakopmund.


Paladin Energy turns the corner

Despite two months of unplanned shutdowns to upgrade the plant and complete remediation work due to land movement at its Kayelekera open-pit uranium mine in Malawi, Paladin Energy (PDN-T) still managed to increase production there by 14% in the…


Baja slides another 21% as it looks for funds

The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.


Chubut’s draft mining law confounds miners

Pan American Silver (PAA-T, PAAS-Q) is warning shareholders that if draft mining legislation proposed by the governor of Argentina’s southern Chubut province becomes law, its Navidad silver project in the province will become…



TSX Venture Exchange

The S&P/TSX Venture Composite Index managed a 20.36-point gain in the period to end at 1,211.35 after two days of gains and two days of losses. The climb came despite low volumes and averaged 59 million shares traded daily. The drop in…



U.S markets

U.S. markets were in positive territory before closing for the Independence Day holiday, but moved downward after disappointing jobs data showed non-farm payrolls added 80,000 jobs in June for the third month in a row that employment grew by…


Short position reports

TSX Short Positions         Short positions outstanding at June 30/12 (with changes from June 15/12). Largest Short Positions    Security Ticker Total Short Change Lundun Mining LUN 39781693 1390216 New Gold…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 9 July 6 July 5 July 4 July 3   US$ in C 1.0212 1.0199 1.0131 1.0128 1.0123  …


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