Great Panther eyes growth in Mexico
Great Panther Silver (GPR-T, GPL-X) aims to steadily grow output from its two revived mines in Mexico to help reach its long-term goal of producing more than 5 million silver-equivalent oz. a year.
2012
Primero’s star rises over western Mexico
VANCOUVER — The industry expected big things from Toronto-based Primero Mining (P-T, PPP-N) when it acquired the San Dimas gold-silver mine from major player Goldcorp (G-T, GG-N) just over two years ago to the tune of US$500 million, but…
Blockade forces Excellon to shut Platosa mine
VANCOUVER — Excellon Resources (EXN-T) continues to be plagued by labour and community issues at its Platosa mine in Mexico’s Durango State, with the company recently forced to suspend operations.
Palmarejo continues to deliver
Of Coeur d’Alene Mine’s (CDM-T, CDE-N) three producing mines, Palmarejo in northern Mexico is the largest contributor to company sales and operating cash flow. Metal sales from the mine in Chihuahua State last year reached US$513…
Venture flat in August 7-10 period
VANCOUVER — The S&P TSX Venture Composite Index basically ended flat in the shortened August 7 to 10 period, up less than a point at 1,191 points even after two days of losses balanced out two days of gains. Volume was also little…
Puma hunts high-grade silver in New Brunswick
VANCOUVER — In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Quebec-based…
US stocks move up during Aug 6-10 week
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the August 6-10 trading week at 13,207.95.
TSX rises as investor’s expect future growth
The TSX Composite Index was up 127 points to 11,841.98 for the holiday shortened Aug. 7-10 period after beginning the period on a tear as it caught up to U.S. markets.
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Sherritt copes with falling prices, permit delays
Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…
Detour Lake in line for 2013 start-up
Detour Gold (DGC-T) says the Detour Lake open-pit mine in northeastern Ontario remains on budget and track for initial gold production in early 2013.Construction at the project reached the 75% completion mark at the end of June. More…