Last week’s top-gaining stocks on the TSX were Corvus Gold, SouthGobi Resources, Verde Agritech, Pieridae Energy and Belo Sun Mining.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened higher last Friday (July 16), trading at 20,183.72, but ultimately closed lower at 19,981.62.
The index was supported by energy stocks, which were leading the way.
On Friday, the gold price pulled back, but was on track for another weekly gain, while silver also fell on the back of a slight rebound from the US dollar.
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On February 8, 2021, dam operator Norte Energia received permission from IBAMA, Brazil's environmental agency, to reduce the flow of the country's Xingu River for at least a year. The diverted water will power electricity-generating turbines, reducing the river's flow to less than 30% of average historical annual flow rates at the 130-km (81-mile) stretch called the Volta Grande.
Those opposing the dam's extreme flow reduction say it violates Brazil's 1988 constitution, which states hydroelectric plants cannot impact Indigenous lands. It also appears to be a violation of a previous government decree that protects cultural practices such as fishing.
Once a year during the breeding season, fish travel along the river into the deeply flooded areas of the forest where they feed and spawn. Experts say the reduction and redirection of water flow will leave 70% of normally flooded forest dry and disrupt the reproductive windows of these fish. This affects the li
LaSalle Exploration Corp.: LaSalle Strengthens Management Team, Appoints Ron Stewart Vice-President, Corporate Development
LaSalle Exploration Corp. (TSXV: LSX)
(
LaSalle or the
Company ) is pleased to announce that Mr. Ron Stewart has been appointed to LaSalle s management team as Vice-President, Corporate Development effective immediately.
Ian Campbell, President and CEO commented, I am delighted to welcome Ron, who brings a wide spectrum of valuable skillsets and expertise to our management team. His diverse career spans all phases of exploration and development, many years in the equity capital markets as an award-winning research analyst and investment banker, financing and investor relations. On behalf of the Board, we are very much looking forward to working with Ron on our growth strategy and immediate goals to bring LaSalle to the next level for our shareholders.