Volume 98 Number 30 Sep 10 - 16, 2012


Editorial: A sudden chill for miners in Canada

The political winds are turning against miners in Canada, with the Sept. 4 victory of the tax-and-spend Parti Québécois in Quebec and the pro-mining Liberal party in B.C. on its last legs, and looking to be replaced by the…


Toronto Stock Exchange

The S&P/TSX Composite Index went into the Labour Day weekend on a downturn as it shed 148 points to 11,949.26 for the period.


TSX Venture Exchange

The mid-August rebound of the S&P/TSX Venture Composite Index came to a halt as four days of losses pulled the index down 11.14 points to 1,240.74. Volume was in-line with recent weeks at an average of 71.4 million shares traded daily,…


US markets

Hopes of further liquidity injections from the U.S. Federal Reserve following a speech on Aug. 31 by Chairman Ben Bernanke sent gold prices higher and helped stem losses on U.S. equity markets. Bernanke’s remarks that the central bank is…



Short position reports

TSX Short Positions                                   Short positions outstanding at Aug…


Turquoise Hill, Rio Tinto push ahead at Oyu Tolgoi

Turquoise Hill Resources (TRQ-T, TRQ-N), formerly known as Ivanhoe Mines, says the first construction phase at its sizeable 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert is wrapping up, with initial production…


Keegan trims projected capital costs at Esaase

Dundee Capital Markets has hiked its 12-month target price on Keegan Resources (KGN-T, KGN-X) by $1.50 to $5.50 per share after the West Africa-focused junior outlined ways of cutting capital costs by as much as US$246 million at its flagship…


Filipino mining opponent ambushed, son killed

Amnesty International is calling on the Philippine government to investigate the killing of Jordan Manda, the 11-year-old son of Timuay Lucenio Manda, a Subanen tribal chief in Bayog, Zamboanga del Sur province on Mindanao Island.


At Mt. Milligan site. Photo by Thompson Creek Metals

Better days ahead for Thompson Creek?

Thompson Creek Metals (TCM-T, TC-N), like many mining companies, has had a tough ride over the last year. Slowing metal demand from China and falling prices have teamed up to tackle the company’s share price. In January 2011 the…


People

Aurico Gold — René Marion to resigned as president, CEO and a director in Sept. for health reasons; Scott Perry appointed president and CEO; Colin Benner appointed executive chairman.AuRo Resources — John Gomez appointed CEO,…


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