Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June 30/12). Largest Short Positions Security Ticker Total…
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EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 30 July 27 July 26 July 25 July 24 US$ in C 1.0033 1.0060 1.0101 1.0181 1.0208 …
Canamex soars 290% on high-grade hit
Canamex Resources’ (CSQ-V) shares soared to new heights after the company released the best hole to date from its Bruner gold-silver project in central Nevada. On July 18 the junior reported the monstrous hole returned 118…
Avalon expands Nechalacho resource
Avalon Rare Metals (AVL-T, AVL-X) reports that exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare-earth deposit in the Northwest Territories by 73% to 152.3 million tonnes grading 1.32% total…
Cobriza’s new porphyry in Peru
The latest drill results from Cobriza Metals (CZA-T) Arikepay project in Peru have the company confident it has made a new porphyry discovery.Results from the two best holes were highlighted by 238 metres averaging 0.29% copper,…
Q&A with Agnico’s Sean Boyd
At a time when investor sensitivities to management miscues and misguided strategies are running high, Agnico-Eagle Mines (AEM-T, AEM-N) stands out as a miner that has stuck to its mantra of providing stable growth with low political risk . . ….
Panoro’s Cotabambas could attract a buyer
Christopher Chang of Laurentian Bank Securities believes Panoro Minerals’ (PML-V) Cotabambas copper-gold project in Peru could become an acquisition target, and has initiatied coverage of the junior with a “buy” rating…
Barrick suffers setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much-anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.While the world’s largest gold producer had previously said that second-quarter…
Agnico mines humming along
The message out of Agnico-Eagle Mines’ (AEM-T, AEM-N) headquarters after the second quarter is one of stability and efficiency.The company says the first half of the year was all about optimizing its five mines, and with the process…
Juniors get creative as cash dwindles
Juniors mining companies have been struggling for months to raise capital, and with coffers running low, they are resorting to all sorts of methods to conserve what cash they have.Exploration budgets are being slashed and secondary projects set…
Spanish Mountain aims for improved project economics
Vancouver-based explorer Spanish Mountain Gold (SPA-V) is on track to release updated economics for its Spanish Mountain gold project 70 km northeast of Williams Lake, B.C., by October. The company pushed back the date on its pre-feasibility…
Tough conditions for rough diamonds
Anglo American (AAL-L, AAUKY-Q) reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million carats because of market conditions and a focus on planned maintenance and waste stripping, while De Beers, in which…