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.
Canada
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…
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…
Toronto Stock Exchange
The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…
TSX Venture Exchange
The TSX Venture Exchange collected itself and resumed its forward march. After falling four straight days the week before, the holiday shortened period saw the index climb 31 points to 1,276.71 points, on the back of renewed enthusiasm for…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, September 11, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…
Yukon gov’t extends staking ban in Peel watershed
The Yukon government has extended a mineral-staking ban in the Peel watershed until May 4, 2013, while it develops a land-use plan for the region. The ban was set to expire on Sept. 4.
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4 US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863 …
Rainy River adds more shine to PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario. Given the current negative market conditions, the…
People
Athabasca Uranium — Paula Rogers appointed a director.Atlanta Gold — Wm. Ernest Simmons appointed president and CEO.Aura Minerals — Britt Reid departed as executive VP and COO.Canadian Electrolytic Zinc — Eva Carissimi…
Pretium lowers Brucejack’s resource estimate
Pretium Resources’ (PVG-T, PVG-N) saw total resources at its Brucejack gold-silver project in northern B.C. decrease after publishing an updated resource estimate for one of the project’s underground deposits.