US Markets
U.S. factory output contracted in May for the second time in three months and consumer prices fell 0.3%, but news late in the week that major central banks were prepared to take collective action to provide liquidity and prevent a credit…
News
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June…
Harry Winston sees Q1 profits, revenues rise
Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…
Quaterra completes MacArthur PEA
Quaterra Resources (QTA-V, QMM-X) has taken a step closer to near-term production at its MacArthur project, a fully stripped porphyry copper-oxide property in western Nevada’s historic Yerington copper district.A preliminary economic…
Patience required for Joanna gold mine development, Aurizon says
Cashed-up gold producer Aurizon Mines (ARZ-T, AZK-X) has taken a step back from the development threshold on its Joanna gold property 20 km east of Rouyn-Noranda, Que. The company made the decision following a lukewarm feasibility study on a…
Trevali pushes towards Peruvian production
Vancouver-based Trevali Mining (TV-T, TREVF-Q) is getting closer to launching Peru’s next polymetallic mine with a little help from a well-known player in the metal game: Glencore International (GLEN-L).The two companies plan to have…
Eastplats stung by platinum price drop
A softening platinum market is taking a bite out of miners as companies face shrinking margins and production challenges, especially in South Africa’s prolific Bushveld complex, which accounts for 72% of global platinum output.The…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12 US$ in C 1.0266…
Mid-tier producers grapple with Peru’s growing pains
Peru is experiencing a mining boom of global proportions thanks to years of heavy investment and increasing production. The country is the world’s number-two copper producer, number-two silver producer, number-six gold producer,…
Mining boom drives growing energy need
The Andean nations of Chile and Peru are the top copper-producing locales in the world. Chile holds the number-one spot with annual production clocking in at 4.9 million tonnes, while Peru sits in second place with output totalling 1.2 million…
Atacama drills deep into Chile
Carl Hansen is a big fan of the Maricunga mineral belt in Chile’s Atacama region, high in the Andes.The president and CEO of Atacama Pacific (ATM-V) is advancing the company’s wholly owned Cerro Maricunga gold project, which is just…