[Update] AuRico cuts 2012 production guidance
AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.
Canada
Mega Precious looks to go big
Mega Precious Metals (MGP-V) could be the most aptly named gold company on the junior circuit. With assets in Manitoba and Ontario, the company’s well-heeled management team thinks bigger is better when it comes to mining. The philosophy…
U.S. drought favors some crop nutrient companies over others
If the dry weather in the United States continues it could turn out to be “the worst drought of our generation,” CIBC analyst Jacob Bout writes in a 196-page industry report, noting that damage to the corn crop so far this year is…
Market News
Toronto Stock Exchange
TSX Venture Exchange
The S&P/TSX Venture Composite Index managed a 20.36-point gain in the period to end at 1,211.35 after two days of gains and two days of losses. The climb came despite low volumes and averaged 59 million shares traded daily. The drop in…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June 30/12 (with changes from June 15/12). Largest Short Positions Security Ticker Total Short Change Lundun Mining LUN 39781693 1390216 New Gold…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 9 July 6 July 5 July 4 July 3 US$ in C 1.0212 1.0199 1.0131 1.0128 1.0123 …
Mixed results for Ethos Gold’s first pass at Betty
The first drill program on Ethos Gold’s (ECC-V) Betty project in the Yukon has yielded encouraging gold discoveries, and numerous blanks.The first half of a phase-one drill program includes results for 22 reverse-circulation drill…
Kivalliq eyeing new uranium district in Nunavut
Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut, just as the Nunavut government has formalized its uranium policy.The company completed an…
Barkerville’s 10.6-million-oz. resource more bark than bite?
Barkerville Gold Mines’ (BGM-V) share price climbed more than 50% after the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit in central B.C., but questions have been raised about the accuracy of the…
Technical analysis report: Uranium stocks show signs of life
Ever since the great bull run in uranium prices leading into 2008, investors have been waiting for the second leg up.The macro story, after all, didn’t change after the 2008 crisis subsided: a surge in nuclear reactor construction in…