Avocet falters ahead of ramp-up
Avocet Mining (LSE: AVM; US-OTC: AVVGF) failed to impress the market with third-quarter production results from its Inata mine in Burkina Faso.
2013
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 22, 2013 Precious MetalsPrice…
TSX Venture Exchange, Oct. 15-18
The S&P/TSX Venture Composite Index bounced back during the shortened trading period, gaining 2.3%, or 21.60 points, en route to a 950.97-point weekly close. Markets were buoyed by a resolution in the U.S. debt negotiations, as well as…
Platinum Group Metals faces cash shortfall at WBJV1 project
Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) suffered a major blow late last week when Africa Wide Mineral Prospecting and Exploration announced that it would not be funding a US$21.8 million cash call for its 26% share of the WBJV1 platinum…
Drilling at Back River lifts Sabina
Shares of Sabina Gold & Silver (TSX: SBB) were up 7% in mid-day trading in Toronto after the Nunavut-focused junior released more infill drill results from the Umwelt deposit, part of its 100%-owned Back River project.
Uranium Energy signs US$7.1M financing
U.S.-based uranium miner and explorer Uranium Energy (NYSE-MKT: UEC) recently lined up a US$7.1 million financing to support the growth of its South Texas exploration projects, mainly the Burke Hollow in-situ recovery property in Bee County.
Fortuna releases maiden resource at Trinidad North
VANCOUVER — Shares of Mexico-focused producer Fortuna Silver Mines (TSX: FVI; NYSE: FSM) received a boost following news of a successful drill program at the company’s San Jose silver-gold mine in Oaxaca State, Mexico. On Oct. 17 Fortuna…
Thundermin and Rambler team up on Little Deer in Newfoundland
Thundermin Resources (TSX: THR) and Rambler Metals and Mining (TSXV: RAB; LSE-AIM: RMM) hope to bring Rambler’s expertise in bringing the past-producing Ming Ming copper-gold mine back into commercial production in northeastern…
Short Position Report
Short positions outstanding at Oct. 15/13 (with changes from Sept. 30/13).
Columbus cuts near-surface gold at Eastside
VANCOUVER — Shares of Nevada-focused explorer Columbus Gold (TSXV: CGT) were on the rise following the release of promising near-surface drill assays from its Eastside gold asset located 40 km due west of Tonopah, Nevada. The company’s…
Edgewater hit by permitting delays
VANCOUVER — Regulatory approval has become murkier for Vancouver-based junior Edgewater Exploration (TSXV: EDW) at its Corcoesto gold project in Galicia, Spain.
Drills keep turning for Santacruz at San Felipe
Santacruz Silver Mining’s (TSXV: SCZ) latest drill results show that it may be able to deliver improved grade at its San Felipe silver project in Mexico’s Sonora state.