[Update] Barrick unveils setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.
United States
Commentary: Digging into valuable US tax incentives
Many Canadian miners operating in the U.S. are not aware of the extensive tax incentives that the U.S. government offers to individuals and companies exploring, developing and extracting minerals. These tax incentives can provide significant…
TSX Venture Exchange
The S&P/TSX Venture Composite Index climbed 9.23 points to end at 1,196.19 points after three days of gains outweighed two days of losses. Volume would have increased noticeably if it weren’t for a scant 44.4 million shares traded on…
Toronto Stock Exchange
The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…
US markets
Wall Street enjoyed a three-day winning streak and ended in positive territory despite sobering news at the end of the week that Spain’s indebted region of Valencia had asked the central government for financial aid, reigniting fears that…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 24, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June 30/12). Largest Short Positions Security Ticker Total…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 23 July 20 July 19 July 18 July 17 US$ in C 1.0172 1.0114 1.0077 1.0112 1.0141 …
US drought: a benefit to fertilizer companies?
If the dry weather in the U.S. 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…
Hecla goes hostile on U.S. Silver
In yet another sign that M&A continues to pick up steam Hecla Mining (HL-N) is seeking to derail a merger agreement reached last month between U.S. Silver (USA-T) and RX Gold & Silver (RXE-V) and scoop up U.S. Silver for itself in an…
Commentary: Digging into valuable US tax incentives
Many Canadian miners operating in the U.S. are not aware of the extensive tax incentives that the U.S. government offers to individuals and companies exploring, developing and extracting minerals. These tax incentives can provide significant…
Rosemont will cost more, Augusta says
Shares of Augusta Resource Corp. (AZC-T) closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.