TSX dips 430 points during Nov.21-25
The S&P/TSX Composite Index ended the Nov.21-25 trading week lower as the European debt crisis continued to worry investors. The Index closed down 430.38 points to 11,462.06.
News
Nothing to cheer in U.S. markets, Nov. 21-25
As Venezuelans wildly celebrated the return of the first gold bars from the vaults of Western banks, there was less to cheer about in the U.S. when Americans returned to work after their Thanksgiving holiday. The abbreviated Nov. 21-25 trading…
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Vancouver – Pretium Resources (PVG-T) has boosted gold and silver resources at its flagship Brucejack project in northwestern British Columbia by as much as 460% following a 72,000-metre drill program this summer.
Talon gains on new Trairao resource
Talon Metals (tlo-t) got a much needed boost with an initial resource on three target areas at its Trairao iron project in Brazil’s Para state.
Bear Creek sees rising costs in Corani feasibility study
A feasibility study on Bear Creek Mining’s (BCM-V) flagship Corani project in southern Peru has added slightly to silver reserves, while capital costs have increased 70%.
Editorial: Closing time at Rick’s golden cafe
A big chapter in the corporate life of NovaGold Resources came to a close, with long-time president and CEO Rick Van Nieuwenhuyse bowing out of the company. The charismatic executive will stick around as a NovaGold director and as president of…
Commentary: Canada’s new CSR Counsellor not feeling the love
If Marketa Evans thought the mining industry would be her biggest critic, imagine the counsellor’s dismay at her efforts being called “toothless,” a “bogus public relations job” and a “cover for business as usual” by the very type of activists,…
Barrick inaugurates Punta Colorada wind turbines
In mid-November in northern Chile, Barrick Gold (ABX-T, ABX-N) officially opened its Punta Colorada Wind Farm, the largest wind power grid ever built by a mining company in the country.
Market news
Toronto Stock Exchange
Moneta Porcupine de-risks Golden Highway
Moneta Porcupine Mines (ME-T, MPUCF-O) and its Golden Highway gold project in northern Ontario could start generating some attention from gold producers interested acquiring a bulk-tonnage deposit in Canada, the junior’s management says.
Spot prices
Tuesday, Nov 15, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 14, 2011 (change from Nov. 7 in brackets):