Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12 US$ in C 1.0266 1.0244 1.0247 1.0270 1.0268 …
Canada
Commentary: Mining execs short-term gloomy, long-term optimistic: MRG survey
The following are findings from the Mining Recruitment Group’s (MRG) latest annual Executive Survey, which was distributed during the first week of June and completed by 140 mining leaders.This has been a year of tremendous volatility for…
People
Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…
Harry Winston sees Q1 profits, revenues rise
Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…
Patience required for Joanna gold mine development, Aurizon says
Cashed-up gold producer Aurizon Mines (ARZ-T, AZK-X) has taken a step back from the development threshold on its Joanna gold property 20 km east of Rouyn-Noranda, Que. The company made the decision following a lukewarm feasibility study on a…
Rio Tinto announces billions in new capital commitments
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
Capstone’s Minto will live to produce through 2022
VANCOUVER — A lot has changed since Vancouver-based producer Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine 240-km-north of Whitehorse in 2007. At the time the mine had an eight-year life and a throughput…
Banks Island looks at Red Mountain’s short-term potential
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
Venture down in June 11-15 period
VANCOUVER — The S&P TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains in the June 11-15 period, ending at 1,251.02 points. Volume was also down for most of the period, but a spike…
Kinross grapples with Tasiast
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
Market News
Toronto Stock Exchange
TSX Venture Exchange
The S&P/TSX Venture Composite Index was virtually unchanged in the period, ending up a little over a point at 1,292.93. Volume also saw little change in-line with recent weeks, at a daily average of 69 million shares traded.Aurcana was the…