People
Abzu Gold — Allan Serwa resigned as CEO; Tim McCutcheon appointed CEO and a director.Alcoa — Max Laun appointed VP and general counsel; Donna Dabney top retire Aug. 1 as VP and corporate secretary; Audrey Strauss appointed chief…
Canada
Bolero jumps on graphite trend
Proving there is healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured prospective graphite claims in northern Ontario.The claims are contiguous to Northern…
Copper Fox adds tonnes to Schaft Creek while waiting for economics
VANCOUVER — Copper Fox Metals’ (CUU-V) 70%-owned Schaft Creek deposit is even bigger now thanks to a resource update, but it will still be months before its known how feasible the project actually is.
Thompson Creek provides the lowdown on Mt. Milligan
VANCOUVER — As the old adage goes, it tends to always be darkest before the dawn, and that seems an apt description for Colorado-based molybdenum (moly) player Thompson Creek Metals (TCM-T, TC-N). The company is bulling through a stage of…
[Update] Alexis is set for change
Alexis Minerals (AMC-T) looks to redeem itself by restarting the Snow Lake gold project in Manitoba with the help of a much needed financing.
Cline Mining sues B.C. government for $500 million
VANCOUVER — Cline Mining (CMK-T) is suing the British Columbia government for $500 million in compensation for the coal licenses it lost when the government banned mining in the Flathead valley.
Selwyn reduces scope of project in face of high capital costs
VANCOUVER — High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Yukon lead-zinc underground mine as its tries to make the project affordable.
[Update] Authorities tame Kirkland Lake, Timmins forest fires
VANCOUVER — Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes, and impacted four regional gold operations, as fire crews and the…
Prophecy Platinum sees promising signs at Wellgreen
VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of…
Venture sees straight gains in May 22-25 period
VANCOUVER — During the May 22-25 period the S&P TSX Venture Composite Index managed to claw back much of the steep losses it had suffered the week prior, gaining 81.39 points to end the period at 1,309.27 points after four days of…
Market News
TORONTO STOCK EXCHANGE
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 21 May 18 May 17 May 16 May 15 US$ in C N/A 1.0210 1.0164 1.0102 1.0029 …