Short Position Report
News
Coeur gains on quarterly results
Coeur d’Alene Mines (CDM-T, CDE-N) had a stellar third quarter, reporting all-time record sales and operating cash flow for both the period and the first nine months.
Commentary: Traversing the Far North’s legal landscape
Mining companies investing for the first time in Canada’s Far North may find the experience unlike any other. This holds true not only for foreign corporations, but also for companies familiar with mining in Southern Canada.
Osisko’s Hammond Reef resource swells to 10.5 million oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program currently being completed at a mining project in the country. Even as it rapidly ramps up production at the newly commissioned Canadian Malartic gold mine in…
Venture finds gains in Oct. 31 – Nov.4 period
Vancouver – The S&P TSX Venture Composite Index managed to stay in the black in the Oct. 31 to Nov. 4 period despite renewed uncertainty surrounding the European debt crisis. The index dropped 41.01 points over two days and climbed 61.13…
TSX ends lower during the Oct. 31-Nov.4 week
The TSX Composite Index ended the Oct. 31-Nov. 4 week down 111.26 points to 12,408. Investors pushed the price of gold up as they fretted over Greece’s debt situation and the weak economic data coming out of North America.
US markets down in Oct. 31-Nov. 4 trading week
Continuing drama in Europe over the bailout of Greece pushed down U.S. equities and brought an end to the S&P 500’s four weeks of back-to-back gains. The S&P 500 dropped 2.48% to 1,253.23, while the Dow Jones Industrial Average slid…
Xstrata funds Raglan extension project
The Raglan mine at the extreme limit of northern Quebec in Nunavik is one of the richest base metal mines in the world. In August, Xstrata Nickel, one of Xstrata’s (XSRAF-O, XTA-L) global commodity businesses, approved a US$530 million…
Newmont’s Hope Bay project nears construction decision
When you’re 685 km northeast of Yellowknife, or roughly 160 km above the Arctic Circle, everything costs more than it does down south.
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 24, 2011 (change from Oct. 17 in brackets):
Argentina changes rules for miners
Future export revenues from mining operations in Argentina will have to be repatriated and converted to Argentine currency before being distributed either locally or back overseas, according to a new law. Distributing the earnings overseas will…
Asian group bids $1B for Grande Cache Coal
In an unusual move, two firms from traditional rivals China and Japan have teamed up to buy Alberta coal producer Grande Cache Coal (GCE-T) at a hefty premium, despite choppy times for the metallurgical coal industry.