TSX Venture pulls back, Sept. 26-30
The S&P/TSX Venture Composite Index shed 10.66 points over the period close at 800.23, as gold prices slipped on a stronger U.S. dollar. The spot gold price lost US$21.69 before…
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TSX gains on higher oil prices, Sept. 26–30
Canada’s benchmark index rose 0.2% to close at 14,725.86, on the back of higher oil prices that led to a strong performance in the energy sector, offsetting lower gold prices…
US markets move marginally higher, Sept. 26-30
The U.S. Conference Board reported that consumer confidence increased in September for a second straight month and is now at its highest level since the recession. The Dow Jones Industrial…
SolidusGold to buy Newmont’s Northumberland for US$20M
VANCOUVER — Rick Van Nieuwenhuyse’s SolidusGold (TSXV: SDC; US-OTC: SLDGF) is making a significant wager on a potentially underappreciated piece of Newmont Mining’s (NYSE: NEM) expansive gold portfolio in Nevada. On Sept. 15, Solidus…
Friedland a skeptic on lithium, rare earths
Robert Friedland, a renowned mining financier and promoter, took the stage at the recent Mines and Money Americas conference in Toronto to highlight the need for platinum and copper, as…
Kirkland Lake, Newmarket unveil $1B merger
VANCOUVER — Ontario-based Kirkland Lake Gold (TSX: KLG; US-OTC: KGILF) has reached across the globe in a bid to become the next intermediate gold producer. On Sept. 29, the company unveiled…
Companies need to take a ‘granular’ view of Mexico
A report by the Eurasia Group says the government of Mexico will remain ineffective in its fight against crime. The political risk analysis and consulting group notes that homicides in…
Endeavour in a whirlwind of activity at its West African mines
VANCOUVER — It’s been a transformational year for Endeavour Mining (TSX: EDV), ever since La Mancha Holding Sarl — a private investment firm co-controlled by Egyptian billionaire Naguib Sawiris —…
Cobalt demand to surpass 100,000 tonnes in 2017: CRU
Our commodities research and consultancy firm CRU estimates that global consumption for refined cobalt is set to reach 100,000 tonnes in 2017. Whilst demand growth for most metals has stalled…
Teck seeks more cuts despite ‘cost reduction fatigue’
Teck Resources’ (TSX: TCK.B; NYSE: TCK) chief financial officer Ron Millos said the company intends to lower debt and improve operating costs, despite the fact that it is getting harder…
Upside ‘very much alive’ at Kwanika in BC, Serengeti says
VANCOUVER — The latest drill results from Serengeti Resources’ (TSXV: SIR) Kwanika copper-gold project, 250 km east of Smithers, may have triggered a 35% drop in the company’s share price,…
OceanaGold, B2Gold scramble as Philippines gov’t may suspend 20 more mines
VANCOUVER — The sociopolitical situation in the Philippines is volatile for miners in the wake of a national mining audit by President Rodrigo Duterte’s newly elected administration. On Sept. 27, Environment…