When equity and debt markets freeze up, cash-hungry mine developers are forced to find alternate financing options. And that means business is looking good for those in the precious metal streaming and royalty game.Big-time players like Royal…
Starting the world’s first seabed mining operation was never going to be simple, but for TSX-listed Nautilus Minerals, the challenges have been multiplying.The logistics of commercially mining 1.6 km below sea level — which would…
The National Mining Hall of Fame (NMHF) in the U.S. has selected four inductees for 2012: Glen A. Barton, J. David Lowell, Samuel Newhouse, and John Cleveland Osgood.The four will formally join the ranks of 214 previous inductees in the hall of…
The S&P/TSX Composite Index was up 127 points to 11,841.98 during the holiday-shortened period after beginning the period on a tear as it caught up to U.S. markets.The run was based on the notion that central banks were prepared to do…
The S&P/TSX Venture Composite Index ended flat in the shortened period, up less than a point at 1,191 points after two days of losses balanced out two days of gains. Volume was also little changed, with an average of 67 million shares…
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the trading week at 13,207.95, the broader S&P advanced 15 points to 1,405.87, the Nasdaq Composite Index climbed 53 points to 3,020.86 and the…
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
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 …
The global economic downturn is hitting Teck Resources (TCK-T, TCK-N), with Canada’s biggest diversified miner suffering from weaker coal and copper prices as the Chinese growth story loses steam.
Alacer Gold (ASR-T, ALIAF-O) has wrung more production out of two of its gold mines, and in doing so, has made up for disappointing results from another.The company announced that second-quarter mine production results for its operations…
Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million all-stock deal to increase its foothold in West Africa, and expand its annual production to over 450,000 oz. gold in 2015. Endeavour will provide a US$20-million loan to…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.