Volume 98 Number 25 Aug 6 - 12, 2012

The exploration camp at Seabridge Gold's Courageous Lake gold project in the Northwest Territories, 240 km northeast of Yellowknife. Photo by Seabridge Gold

Seabridge stays hopeful at Courageous Lake

A new preliminary feasibility study (PFS) on Seabridge Gold’s (SEA-T, SA-X) Courageous Lake gold project in the Northwest Territories suggests the project is viable at current gold prices, and more work needs to be done to lift its…


Barrick Gold's Pascua-Lama gold project on the Chile-Argentina border. Photo by Barrick Gold

Barrick suffers setbacks, cost hikes, output revisions

Barrick Gold (ABX-T, ABX-N) packed its much-anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.While the world’s largest gold producer had previously said that second-quarter…


A rough diamond at the Harry Oppenheimer House in South Africa. Photo by Anglo American

Tough conditions for rough diamonds

Anglo American (AAL-L, AAUKY-Q) reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million carats because of market conditions and a focus on planned maintenance and waste stripping, while De Beers, in which…


cartoon

Ontario and Quebec propose changes to mining rules

Interestingly, both Ontario and Quebec are proposing significant changes to their respective mining legislation.In Ontario, the public comment period closed on May 1, 2012, on six regulatory proposals under the Ontario Mining Act that were…


Toronto Stock Exchange

The S&P/TSX Composite Index rose 231 points to 11,766.36 for the period as investors focused on possible monetary easing and a stabilizing European debt crisis. Optimism had been spurred on by the European Central Bank’s pledge to do…


TSX Venture Exchange

The S&P/TSX Venture Composite Index slipped 5.55 points during the period to end at 1,190.64 points after two days of losses outweighed three days of gains. Volume was down considerably, coming in 20 million shares lower than the week…


US markets

The Dow Jones Industrial Average surpassed the 13,000 level for the first time since early May, rallying 253 points to end the week up 2% at 13,075.66. This upward trend was seen in other major indexes during the period. The S&P 500 Index…



Short position reports

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


Agnico mines humming along

The message out of Agnico-Eagle Mines’ (AEM-T, AEM-N) headquarters after the second quarter is one of stability and efficiency.The company says the first half of the year was all about optimizing its five mines, and with the process…


Juniors get creative as cash dwindles

Juniors mining companies have been struggling for months to raise capital, and with coffers running low, they are resorting to all sorts of methods to conserve what cash they have.Exploration budgets are being slashed and secondary projects set…


Spanish Mountain aims for improved project economics

Vancouver-based explorer Spanish Mountain Gold (SPA-V) is on track to release updated economics for its Spanish Mountain gold project 70 km northeast of Williams Lake, B.C., by October. The company pushed back the date on its pre-feasibility…


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