U.S. markets
Hope for more stimulus from the U.S. Federal Reserve after disappointing jobs data in August; the Chinese government announcing a US$150-billion infrastructure-building program; and news that the European Central Bank plans to buy more…
News
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, September 11, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…
Paramount grows resource at San Miguel
Paramount Gold and Silver (PZG-T, PZG-X) has bulked-up its Mexican resources in a serious way. The company released an updated resource estimate for its wholly owned San Miguel project in the country, boosting indicated gold resources by 547%,…
Yukon gov’t extends staking ban in Peel watershed
The Yukon government has extended a mineral-staking ban in the Peel watershed until May 4, 2013, while it develops a land-use plan for the region. The ban was set to expire on Sept. 4.
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4 US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863 …
Rainy River adds more shine to PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario. Given the current negative market conditions, the…
Midas’ golden dreams for Golden Meadows
Midas Gold (MAX-T) has outlined a positive preliminary economic assessment (PEA) for its Golden Meadows gold project in Idaho, 153 km northeast of Boise.“It’s a very mining-friendly jurisdiction,” Stephen Quin,…
Torex plans 2015 start-up for Morelos
Torex Gold Resources (TXG-T) shares saw heavy trading after the company released a bankable feasibility study for its Morelos project in Mexico’s prolific Guerrero gold belt, as well as more drill results from the project’s…
Editorial: A season for tough decisions
September is always a pivotal month in the business year, with eight months of recent asset performance to sift through and a need to plan for the year ahead. It’s a time for many to take a cold look at whether business units have lived…
People
Athabasca Uranium — Paula Rogers appointed a director.Atlanta Gold — Wm. Ernest Simmons appointed president and CEO.Aura Minerals — Britt Reid departed as executive VP and COO.Canadian Electrolytic Zinc — Eva Carissimi…
Lundin bets on exploration at Neves-Corvo
On Sept. 4 Toronto-based producer Lundin Mining (LUN-T) released results from an expansive, 90,000-metre resource drill program at its wholly owned Neves-Corvo polymetallic mine — including copper, zinc, lead, silver and gold — 100…