Here is some interesting data on capital raised by Canadian listed public companies during the month of October for mineral exploration and development around the world. 

Total Amount Raised:   C$434,476,604.00
Total Flow Through:   C$129,846,024.00
Total for Base Metals:   C$244,589,721.00 (Between 35 companies)
Total for Precious Metals:   C$307,397,075.00 (Between 46 companies, 26 specializing in Gold)
Total for Diamonds:    C$11,923,582.00 (Between 5 companies)

Top Brokers by Value Raised:  Pacific International with C$34,073,125.00 and Sprott Securities with C$30,000,435.00
Top Regions:    Canada (with 74 companies, 29 of which have operations in BC) Latin America (Between 14 companies, 3 projects?or companies? in Argentina and 3 in Chile)

Source: http://www.canadianfinancing.com/

Cumberland Resources Ltd. recently arranged a Cdn$87 million equity financing to develop the Company’s Meadowbank Gold Project located within 160km’s of the southern end of Committee Bay Resources Ltd.’s Greenstone Belt Project in Nunavut. Meadowbank, host to Canada’s largest known pure gold open pit gold reserves, is forecast to produce an average of 330,000 ounces of gold per year over an eight year mine life. This is great news as it reinforces that the financial community sees true economic potential in Canada’s north.

We picked up a recent article from a publication produced by the London Metal Exchange. Analysts are bullish about nickel prices. Prices have bounced in the last quarter, and some firms, including Macquarie Bank, believe that nickel could be prone to more selling.  Some analysts, including those from Merrill Lynch, feel nickel has the most positive outlook in the base metals complex, with supply deficits for the next five years. (more…)

Metals continue to show strength. We liked these comments from Toronto-based market analyst Henry Cieszynski.

“Metals have continued to recover with gold back near $600 an ounce, nickel at a new high, copper back up over the $3.50 level and zinc strong an inventories drop… (more…)

It seems everyone’s talking about Nickel’s recent surge, and for good reason.

Nickel’s 19 year high of $30,705/30,710 a tonne can be attributed to falling global stockpiles, the threat of supply disruptions, and fierce demand from China. (more…)