TSX Venture kicks off 2013 in the green
VANCOUVER — The S&P TSX Venture Composite Index started off the New Year with a 2.2%, or 26.38 point, gain following four days of trading that culminated in a 1,228.22 point weekly close on Jan. 4.
News
US equities rally in first days of 2013
The benchmark S&P 500 index reached its highest close since December 2007 during the holiday-shortened trading week, which saw politicians strike a deal of sorts to avert the fiscal cliff while data from the Institute of Supply…
Cline strives to to stay above water
VANCOUVER — Six months after Toronto-based Cline Mining (CMK-T) announced a suspension of operations at its wholly-owned New Elk metallurgical (met) coal mine outside of Trinidad, Colorado, the company is still searching for answers.
Short Position Report
Short positions outstanding on Dec. 31/12 (with changes from Dec. 15/12).
Angkor cashes in on Cambodian project generation
VANCOUVER — It has been just over a year since Vancouver-based Angkor Gold (ANK-V) went public with its stable of Cambodian exploration projects, and it is looking like the company’s early-mover strategy in the developing Southeast Asian…
Candente restarts drilling, shares surge 38%
Candente Copper (DNT-T) has started off the New Year by resuming exploration and feasibility drilling on its Canariaco copper-silver-gold project in northern Peru, sending its shares soaring.
The tipping point for iron ore
Spot iron ore prices in September 2012 touched a three-year low of US$87 per tonne before rallying to US$120 per tonne in the closing months of the year. The question is where will prices move from here?
Copper Fox falls on Schaft Creek feasibility
VANCOUVER – After four years of drilling, designing, consulting, and number crunching, Copper Fox Metals (CUU-T) has produced a feasibility study for its planned Schaft Creek mine in British Columbia that increases throughput by 30%…
Perseus disappoints on production
Perseus Mining (PRU-T) warned the market that gold production from its Edikan gold mine in Ghana would be less than originally forecasted, but it now says the number will be even lower than its previous downward revision.
Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada last month for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported today.
Santacruz Silver on the fast track to production
VANCOUVER — For Mexico-focused Santacruz Silver Mining (SCZ-V) 2013 may well be the year where well-laid plans take root and begin to grow. The Vancouver-based company is working on a trio of advanced-stage silver projects with the goal…
Rising Indian steel production to support coking coal prices
VANCOUVER – Talk of coal usually focuses on the thermal variety – the lower-carbon black rock burned in generators to produce electricity – to the neglect of the higher-quality variety used in steelmaking. The focus makes…