Commentary: Unlocking the wealth of northern Ontario
Discovery of the massive “Ring of Fire,” a chromite-rich mineral deposit in a remote area of northern Ontario, is the first and perhaps easiest step in realizing the site’s potential.
News
Luna Gold thwarts thieves in Brazil
The second time around wasn’t so lucky for a band of robbers at Luna Gold’s (LGC-V) Aurizona mine in northeastern Brazil.
PwC: Exploration spending, costs soar
Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…
People
Alcoa – Kelly Pasterick appointed director of investor relations, succeeding Roy Harvey, who was appointed CFO of Global Primary Products; William Oplinger appointed COO of Global Primary Products.
Market news
Toronto Stock Exchange
Spot prices
Goldcorp*GG2798242353.95+2.25
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 14, 2011 (change from Nov. 7 in brackets):
Producer and dealer prices
Antimony: Mid-mkt US$13,750.00/t
Daily metal prices
DateNov 14Nov 11Nov 10Nov 9Nov 8
Canadian gold mutual funds
Fund name Nov. 14 Nov. 7ChangeChangeYTDMER*Assets*
North American stock exchange indices
DateNov 14Nov 11Nov 10Nov 9Nov 8HighLow
TSX short positions
Short positions outstanding at Oct. 31/11 (with changes from Oct. 15/11).