Market news
Toronto Stock Exchange
2012
Klondike looks to find the source of the old gold rush
Klondike Gold (KG-V) is back in the Klondike gold fields of the Yukon looking for the source of all that historic placer gold production at its Lone Star property.
Blackwater PEA drives New Gold higher
A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central British Columbia 112 km southwest of Vanderhoof suggests the project should generate robust economic returns even at a gold price that is…
Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Brigus piles on the ounces in latest resource update
Brigus Gold (BRD-T) has updated its resource estimate for the Grey Fox gold property and the results show the company is particularly adept at pushing inferred resources up into a ballooning indicated category. Grey Fox is 4…
Ivanhoe Australia beefs up Osborne
In late February Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
B2Gold aims for diversity, growth with CGA bid
VANCOUVER — Vancouver-based gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate successfully in difficult locales, as it moves forward with an US$1.1-billion, all-stock friendly bid for Australia’s CGA…
Alpha faces lower credit rating after closing 8 mines
Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.
Short Position Report
TSX Short Positions Short positions outstanding at Sept. 15/12 (with changes from Aug….
MAC focuses on transparency, free trade
VANCOUVER — For Mining Association of Canada (MAC) president and CEO Pierre Gratton, the future of the nation’s mining industry lies in clear-cut regulatory reform and the cultivation of global free trade arrangements geared…
Queensland’s new coal royalties upset miners
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
TSX Venture surges Sept. 10-14
VANCOUVER — The S&P TSX Venture Composite Index rose 41.4 points or 3.24% to close near 52-week highs at 1,318.1 points during the Sept. 10-14 trading sessions. An announcement by U.S. Federal Reserve chairman Ben Bernanke on a third…