Volume 98 Number 28 Aug 27 - Sep 2, 2012


Honouring Timmins’ mine finders

Led by association president Dean Rogers, northern Ontario’s Porcupine Prospectors and Developers Association has erected three bronze statues to honour legendary gold mine finders (from left): Jack Wilson of the Dome mine, Sandy McIntyre…


Toronto Stock Exchange

The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…


TSX Venture Exchange

The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…


US markets

The Dow Jones Industrial Average and the S&P 500 Index posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supports the European Central Bank’s efforts to fight debt, and…



Short position reports

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


Barkerville in the doghouse with BCSC

The British Columbia Securities Commission (BCSC) has halted trading in Barkerville Gold Mines (BGM-V) because a much-anticipated technical report on its Cow Mountain gold deposit is not up to standard.


Joseph Conway

Primero’s star rises in the west

 The industry expected big things from Toronto-based Primero Mining (P-T, PPP-N) when it acquired the San Dimas gold-silver mine in Mexico for US$500 million from Goldcorp (G-T, GG-N) just over two years ago. But things did not always go…


Mexico buoys Pan American in stormy seas

Thanks to its acquisition earlier this year of the Dolores silver mine in northern Mexico, Pan American Silver (PAA-T, PAAS-X) set a new quarterly record for gold production and posted the second-highest silver production in…


At Inmet Mining's Cobre Panama copper-gold development, west of Panama City, Panama. Photo by Inmet Mining

Franco-Nevada, Inmet sign Cobre Panama deal

Inmet Mining (IMN-T) has closed a financing deal with streaming and royalty company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion. It’s a bid to cover a funding shortfall at Inmet’s US$6.2-billion Cobre Panama copper-gold…


Coeur d'Alene Mines' Palmarejo mine in Mexico's Chihuahua state is the world's third-largest primary silver mine. Photo by Coeur d'Alene Mines

Palmarejo delivers for Coeur

Of Coeur d’Alene Mines’ (CDM-T, CDE-N) five producing precious metals mines, Palmarejo in northern Mexico is the largest contributor to the company’s sales and cash flow. Metal sales from the mine in Chihuahua state last year…


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