News

Canadian merger and acquisition (M&A) activity fell 30% in the first half of 2010, according to a new report issued by mergermarket.

North Vancouver-based Cabo Drilling (CBE-V) has snagged a contract with Goldcorp (G-T, GG-N) to drill 5,000 metres at the company’s Hollinger gold mine in Timmins, Ont.

One of Mexico’s biggest natural resource company’s, Grupo Mexico, wants to unite two of its affiliates to create a behemoth in the copper world.

The largest shareholder in Vancouver-based Jinshan Gold Mines with a nearly 40% stake is China National Gold, a state-owned Chinese enterprise and the country’s biggest gold producer.

Sinchao Metals — Bruce Ramsden appointed VP of finance and CFO.

The markets were positive around the globe over the July 19-23 trading period and Toronto was no exception. The TSX composite index rose 1.4%, or 160.35 points, to 11,730. Strong economic reports in E…

The S&P/TSX Venture composite index managed four days of straight gains following an early week dip to close up 15.49 points at 1,394.98. Daily trading volumes increased for another week, averagin…

U.S. equities were looking a little rosier during the July 19-23 trading week. The Dow Jones industrial average climbed 326.73 points or 3.24% to close at 10,424.62, while the S&P 500 index advanc…

COURTE SY OF SCOTIABANK

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 27, 2010 (change from July 20 in brackets):

Antimony: Mid-mkt US$9,233.33 /t.

Date July 26 July 23 July 22 July 21 July 20 BASE METALS (London Metal Exchange –Midday official cash/3-month prices, US$ per tonne) Al Alloy 2035/2035 2070/2020 2110/2040 2020/1985 1995/19…