Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
2008
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
NORTH AMERICAN STOCK EXCHANGE INDICES (November 24, 2008)
52-week Date Nov. 17 Nov. 14 Nov. 13 Nov. 12 Nov. 11 High Low S&P/TSX-Ven Comp 785.79 801.61 813.59 822.50 872.33 2941.52 783.64 TSX Composite 8795.45 9055.96 9352.78 8922.57…
TSX VENTURE SHORT POSITIONS (November 24, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
Geologix grows San Agustin
Vancouver–A new resource estimate for the San Agustin polymetallic property in Durango, Mexico, has doubled the project’s indicated resource and added 74% to its inferred count for owner Geologix Exp…
Commentary: Are drillers better off today? (November 24, 2008)
Have you ever seen one of these? Shame on you: you’ve been around too long!
TSX SHORT POSITIONS (November 24, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
CANADIAN GOLD MUTUAL FUNDS (November 24, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
Freeport axes moly jobs and production
Vancouver — With the molybdenum price crashing, Freeport-Mc- MoRan Copper & Gold (FCX-n), the world’s largest moly producer, is slashing more than a hundred moly-related jobs, cutting production …
U. S. MARKETS – NOVEMBER 11-17
Indexes were down across the board during the Nov. 11-17 trading session. The Dow Jones Industrial Average fell 5.1% or 420.38 points to 8,273.58, while the S&P 500 Index dropped 48.2 points, or 5…
TORONTO STOCK EXCHANGE – NOVEMBER 11-17
Global markets resumed their slide over the Nov. 11-17 trading session and the TSX was no exception. The TSX Composite Index fell roughly 107 points to 8,795.45 over a period that saw U. S. Treasury S…