Volume 98 Number 24 Jul 30 - Aug 5, 2012

AuRico trims 2012 production guidance

AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.The Toronto-based producer says the shortage of workers at…


A driller on a rig at Mega Precious Metals' North Madsen gold project in Ontario. Photo by Mega Precious Metals

Mega Precious can’t help but think big

Mega Precious Metals (MGP-V) could be the most aptly named gold company on the junior circuit. With assets in Manitoba and Ontario, the company’s well-heeled management team thinks bigger is better when it comes to mining. The philosophy…


Golden Arrow gets lift from drill results

Stepout drilling at Golden Arrow Resources’ (GRG-V) Chinchillas silver project in Argentina’s Jujuy province has returned several long intercepts including 29 metres grading 631 grams silver per tonne, the company reports.The…


Commentary: Digging into valuable US tax incentives

Many Canadian miners operating in the U.S. are not aware of the extensive tax incentives that the U.S. government offers to individuals and companies exploring, developing and extracting minerals. These tax incentives can provide significant…


TSX Venture Exchange

The S&P/TSX Venture Composite Index climbed 9.23 points to end at 1,196.19 points after three days of gains outweighed two days of losses. Volume would have increased noticeably if it weren’t for a scant 44.4 million shares traded on…


Toronto Stock Exchange

The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…


US markets

Wall Street enjoyed a three-day winning streak and ended in positive territory despite sobering news at the end of the week that Spain’s indebted region of Valencia had asked the central government for financial aid, reigniting fears that…



Short position reports

TSX Short Positions       Short positions outstanding at July 15/12 (with changes from June 30/12).         Largest Short Positions  …


Wesdome Gold Mines CEO Donovan Pollitt cuts the ribbon at the Mishi gold mine opening in Wawa, Ontario. Photo by Alisha Hiyate

Wesdome goes back to the well with Mishi

While many juniors embrace a mantra of growth at any cost, pursuing pricey takeovers or drilling endlessly to produce impressive-sounding resource estimates, Wesdome Gold Mines (WDO-T) takes a ­different tack.With a decidedly conservative…


Exploration geologists Rory Krocker (front) and Adam Larsen examine core at Treasury Metals' Goliath project. Photo by Treasury Metals

Aquiline grads look for treasure in Ontario

Three years after selling the ­world-class Navidad silver deposit in Argentina, the key members of the former Aquiline Resources team are looking to strike pay dirt again — only this time, they are doing it closer to…


Drillers at Unigold's Candelones target at its Neita gold project in the Dominican Republic. Photo by Unigold

The DR delivers for Goldquest and Unigold

Dominican Republic-focused explorers Goldquest ­Mining (GQC-V) and Unigold (UGD-V) both announced sizeable stepout gold-copper hits at their nearby properties in the northeast corner of the country near Haiti on July 18.For Goldquest, the…


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