Market News
Toronto Stock Exchange
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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…
US Markets
U.S. equities rallied late in the trading week as markets anticipated that Spain would ask eurozone deputy finance ministers for a bailout for its troubled banks, which it did over the weekend. The Dow Jones Industrial Average and the S&P…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Editorial: Gold pivots on Wisconsin vote
The first week of June was a watershed moment in U.S. politics that will likely spill over into how the greenback and gold are valued. On June 5, public-sector unions suffered a major defeat at the ballot box in lefty Wisconsin, of all places…
Commentary: Time is ripe for miners to dole out cash to shareholders
Investors are hardly in the mood for risk.And when risk appetite wanes, the “principal-agent” issue rises to the forefront, pushing investors to favour cash in their own hands rather than it being left at the disposal of company…
Mineral Mountain strikes deal with Holy Terror
Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…
Thompson Creek CEO gives lowdown on Mt. Milligan
Denver-based molybdenum miner Thompson Creek Metals (TCM-T, TC-N) is bulling through a major expansion despite falling moly prices, temperamental equity markets and rising costs in a bid to diversify its commodity basket and provide long-term…
Commentary: Cost overruns on capital development – a growing concern
The number of mine development projects where capital costs are spiralling upwards from their study numbers has increased more than any time I can recall in my 30-plus years of worldwide experience in the development-side of the industry. This…
Market news
Toronto Stock Exchange
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, June 1, 2012 Precious MetalsPrice…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29 US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253 …