Goldcorp remains on target at lonore
VANCOUVER — Goldcorp’s (G-T, GG-N) new Éléonore gold mine under construction in northern Quebec’s James Bay region is a cornerstone of the company’s four-year expansion of operations worldwide.
Canada
Venture edges up in July 16-20 period
VANCOUVER — The S&P TSX Venture Composite Index climbed 9.23 points in the July 16-20 period to end at 1,196.19 points after three days of gains outweighed two days of losses. Volume would have increased noticeably were it not for a…
Metals commentary: PGMs could see supply shortage this year: CPM
The following is an excerpt from a summary of the CPM Group’s Platinum Group Metals Yearbook 2012 report.The annual average prices of platinum and palladium rose to multi-year highs in 2011. Platinum prices averaged US$1,722.39 per oz….
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June…
Women in Mining walking to end cancer
From Sept. 8–9 in Toronto, 10 women representing Women in Mining will participate in the Weekend to End Women’s Cancers benefiting the Princess Margaret Hospital Foundation.The weekend event is part of the “Believe It!”…
People
Bannerman Resources — Mason Hills retired as a director; Ian Burvill appointed a director.Brazil Resources — Victor Jamarillo appointed technical director; Paulo Espellet appointed senior geologist.Forsys Metals — Rowen…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 16 July 13 July 12 July 11 July 10 US$ in C 1.0157 1.0151 1.0214 1.0195 1.0203 …
Goldcorp sees production shortfalls at Penasquito, Red Lake
A day after Goldcorp (G-T, GG-N) cut its 2012 production guidance, the company saw its share price take a hit.In Toronto on July 11, Goldcorp shares approached a 52-week low of $32.52. They fell $3.74, or 10% to $33.89, on 6.1 million shares…
Editorial: A world o’ hurt
Life is full of ebbs and flows, expansions and contractions, and the mining industry is part of that cyclical stream. Right now Canada’s intrepid mining industry and its breathtaking, optimism-fuelled expansion into most of the…
BCSC questions Barkerville’s mega resource
The British Columbia Securities Commission has raised concerns about a 10.6-million-oz. gold resource estimate that Barkerville Gold Mines (BGM-V) released on June 28.The concerns, based on a draft technical report supplied to the BCSC,…
Toronto Stock Exchange
The S&P/TSX Composite Index rallied late in the period but finished lower than where it began, shedding 145 points to 11,514.53. After a six-day losing streak the index rebounded on July 13 owing to speculation that China would stimulate…