Volume 98 Number 44 Dec 17 - 23, 2012

Market news: TSX Venture Exchange

The S&P/TSX Venture Composite Index lost more ground during the trading sessions, dropping 2.8%, or 34.8 points, before closing at 1,186.06. Uncertainty over U.S. economic policy negotiations and the upcoming fiscal cliff offset strong…

Market news: U.S. markets

The theme for the period was competing forces, as an upbeat report on U.S. jobless claims weighed against no progress in budget negotiations for the coming fiscal cliff. The tension between the two made for mixed results over the period, as the…

Dolly Varden hopes to find the next Eskay Creek

The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern B.C.’s Stewart complex for quite some time. Both chairman John King Burns and…

Visible gold from drill hole 50 from Pilot Gold's TV Tower project in Turkey. The intercept returned 193 grams gold per tonne over 12 metres. Source: Pilot Gold

Pilot, Teck tune in to Turkish TV

Drill results from Pilot Gold’s (PLG-T) early stage joint-venture project with a Turkish subsidiary of Teck Resources (TCK-T, TCK-N) sent the junior explorer’s shares up 3% to $1.87, with 1.8 million shares changing hands.

Richmont delivers double whammy in Quebec

Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with shares sinking to a new 52-week low after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…

Facilities at Talison Lithium's Greenbushes lithium mine in Western Australia. Source: Talison Lithium

Talison board warms to Chengdu Tianqui bid

A subsidiary of Chinese conglomer-ate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share, and the Australian lithium producer’s board and its largest shareholder, Resource…

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