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…
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…
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.
Roxgold (ROG-V) is advancing its Yaramoko gold project in Burkina Faso, West Africa, despite lingering questions stemming from an unresolved proxy battle with a group of prominent shareholders.
Centerra Gold (CG-T) continues to release details regarding a parliamentary review of its Kumtor gold operation in Kyrgyzstan. During a second-quarter conference call Centerra’s management outlined the structure of the Kyrgyz commission,…
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…
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). …
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
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…
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…
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…
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…
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