Barrick undeterred by latest Argentinian court ruling
Despite an unfavorable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua Lama project will push ahead.
News
Updated: Barkerville climbs 50% on 10.6-million-oz. resource
VANCOUVER — Barkerville Gold Mines’ (BGM-V) share price has climbed more than 50% since the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit, but questions remain as to the accuracy of the estimate….
Golden Reign digs Nueva Segovia in Nicaragua
Golden Reign Resources (GRR-V) wants to help return Nicaragua to its former vaunted status in the gold world.Before the Sandinista revolution of 1979, Nicaragua was one of Central America’s largest gold exporters.And…
Baja Mining clings to life
Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…
More about cost overruns on capital development
I am an advocate of change for the better, as well as the preservation of those things that work well, but there seems to be a lack of good balance between the two these days when it comes to project development in mining. It seems to me that…
Market News
Toronto Stock Exchange
TSX venture exchange
The S&P/TSX Venture Composite Index sunk to a new low, dropping 45 points to close at 1,206.03. The closing position puts the index at a new 52-week low, and at its lowest level since September 2009. With no spikes in volume during the week…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 26, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May 31/12). Largest Short Positions Security Ticker Total Short Change New Gold NGD 40853651 805488…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 25 June 22 June 21 June 20 June 19 US$ in C 1.0303 1.0260 1.0251 1.0194 1.0178 …
Sunward expands Titiribi resource to 4.6M+ oz. gold
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.Its flagship wholly owned Titiribi gold-copper project is located in…
Belo Sun outlines Volta Grande’s potential
Belo Sun Mining (BSX-T) has tabled an initial resource estimate for its newly delineated South Block area at the Volta Grande gold project in Brazil’s Para State.The estimate shows that the Pequi, Grande and Itata deposits host 4 million…