Volume 98 Number 26 Aug 13 - 19, 2012

A headframe at U.S. Silver's Galena silver mine in Idaho. Photo by US Silver

Hecla withdraws US Silver bid

Hecla Mining’s (HL-N) attempt to derail a merger agreement reached last month between U.S. Silver (USA-T, USSIF-O) and RX Gold & Silver (RXEXF-O) has fallen short. Both U.S. Silver and RX Gold shareholders have voted in favour of a…


North American Nickel's Maniitsoq nickel-copper project on Greenland's southwestern coast. Photo by North American Nickel

North American Nickel’s interstellar story at Maniitsoq

It is not often that a mining company finds itself headlining space publications and astronomy journals, but that is exactly what happened to North American Nickel (NAN-V, WSCRF-O) when the Geological Survey of Denmark and Greenland announced…


Search for deep-sea treasure intensifying

ng harder to find and even harder to put into production owing to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of riches.Nautilus Minerals (NUS-T) has been at the…


Kinross names new CEO

Kinross Gold’s (K-T, KGC-N, KNRSF-O) Tye Burt joins the growing ranks of fallen CEOs at companies struggling to keep investors satisfied at a time of depressed share prices, cost inflation, project delays and internal reviews of assets….


Exchange rates

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…


Anglo grabs a stake in Mozambique coal boom

Mining-giant Anglo American (AAL-L, AAUKY-O) looks to have finally secured a slice of the frenzied coal-mining push in the southern Tete province of Mozambique. Anglo had been exploring acquisition options in the area in a bid to lock down a…


Toronto Stock Exchange

he S&P/TSX Composite Index was off 101 points to 11,662.59 for the period after the European Central Bank disappointed investors. In the previous period ECB president Mario Draghi ignited a market rally by saying the central bank would do…


TSX Venture Exchange

The S&P/TSX Venture Composite Index slipped 3.69 points to 1,186.95 in the period after three days of losses outweighed two days of gains. Volume was up by several million to an average of 62 million shares traded daily, but still well in…


US markets

The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17.  The U.S. Labour Department said that employers added 163,000…



Short position reports

TSX Short Positions                       Short positions outstanding at July 31/12 (with changes from July 15/12).              …


Drillers at High River Gold's Bissa gold project in Burkina Faso. Photo by High River Gold

Russian billionaire aims for full control of High River Gold

In a story that reads somewhat like a 1980s spy novel, Russian gold miner Nord Gold, the nation’s third-largest gold producer, looks poised to finally gain full control of Toronto-based producer High River Gold Mines (HRG-T). What makes…


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