BCSC questions Barkerville’s mega-resource
VANCOUVER — The British Columbia Securities Commission (BCSC) has raised numerous concerns about a 10.6-million-oz.-gold resource Barkerville Gold Mines (BGM-V) released on June 28.
Canada
Roxgold and Maudore the latest of many hit with proxy battles
VANCOUVER — Frustrated investors are increasingly resorting to proxy battles as share prices languish, with Maudore Minerals (MAO-V) and Roxgold (ROG-V) two of the latest to see a shareholder revolt.
Avalon updates Nechalacho resource
Exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare earth deposit by 73% to 152.3 million tonnes grading 1.32% total rare earth oxides (TREO) and produced the deposit’s first measured…
Northern Graphite falls on Bissett Creek feasibility study
VANCOUVER — A race is on amongst prospective graphite producers and Ottawa-based Northern Graphite (NGC-V) has been one of the favourites with its advanced-stage Bissett Creek property 100 km east of North Bay, Ont. The company released a…
Venture climbs in shortened July 3-6 period
VANCOUVER — The S&P TSX Venture Composite Index managed a 20.36-point gain in the shortened July 3 to 6 period to end at 1,211.35 points after two days of gains and two of losses. The climb came despite low volumes, averaging 59…
Market News
TORONTO STOCK EXCHANGE
TSX Venture Exchange
The S&P/TSX Venture Composite Index declined for another week, though losses were limited to 15.04 points after a late rebound that had the index close the period at 1,190.99 points. Volume climbed by a few million compared with the week…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, July 3, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May 31/12).Largest Short Positions SecurityTickerTotal…
People
Allana Potash — Richard Kelertas appointed senior VP of corporate development.American Vanadium — Ron Espell appointed VP of environmental.Atico Mining — Fernando Ganoza appointed CEO.Augusta Resource — Raghunath…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 2 June 29 June 28 June 27 June 26 US$ in C N/A 1.0191 1.0333 1.0257 1.0265 …
Orbite to produce alumina, rare earths in 2013
Orbite Aluminae (ORT-T) has been busy proving that its patented technology to extract alumina from clay, bauxite and red mud — the residue left from traditional extraction processes — works on a large-scale. It plans to…