Short Position Report (March 22, 2011)
TSX Short Positions Short positions outstanding at Mar. 15/11 (with changes from Feb….
News
Lundin’s board gives thumbs down to Equinox (March 22, 2011)
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…
Venture limits losses in March 14-18 period
Vancouver – The S&P TSX Venture Exchange partially recovered from early losses in the March 14 to 18 period, but still ended down 22.87 points at 2,243.87 points for a second downward week as the Japanese disaster compounded middle east…
Capital Gold shareholders love a good fight (March 21, 2011)
Sometimes a fight can be a beautiful thing. And that is just the position that Capital Gold (CGC-A) shareholders are taking as they sit back and watch two rivals up their bids for the prized shares they hold.
TSX rides the roller coaster
After a wild ride over the March 14-18 period the TSX Composite Index recovered nicely from early losses and gained 244.63 points to finish at 13,789.63 points. Market volatility came courtesy of the tsunami in Japan and fears of a nuclear…
U.S. equities lose ground after Japanese disaster
It was a dark week for U.S. equities as Japan struggled to contain fires, explosions and radiation leaks at its crippled Fukushima nuclear power plant. The Dow Jones Industrial Average fell 185.88 points or 1.54% to 11,858.52, while the S&P…
Japanese quake rocks the world
On March 11, in a defining day of the new decade, residents of Japan’s northeast coastal region were hit by a deadly triple whammy of a 9.0-magnitude earthquake, a resulting tsunami with waves reaching 10 metres in height, and a growing threat…
Surbiton: Australian gold output rising
Australian gold production for 2010 totalled 266 tonnes (8.5 million oz), which is an increase of 17% or 38 tonnes from 2009, according to Melbourne-based consultancy Surbiton Associates’ latest survey of the Australian gold mining industry,…
PDAC honours 2011 award winners
The 2011 PDAC awards gala was held during the organization’s annual convention, on the evening of March 7 at Toronto’s Fairmont Royal York hotel. The winners were selected by the PDAC’s board of directors, based on recommendations from the…
Market News (March 21, 2011)
Toronto Stock Exchange
Spot prices (March 21, 2011)
Tuesday, Mar. 15, 2011
LME warehouse levels (March 21, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 14, 2011 (change from Mar. 7 in brackets):