TSX Venture drops, June 1-5
The S&P/TSX Venture Composite Index succumbed to falling commodity futures and global macroeconomic uncertainty during the trading period, dropping 2.60 points before closing at 689.85 points.
News
Commentary: Indians’ view of gold – A barbarous relic for a barbarous present
Many people try to find a correlation between inflation and gold price, often using the U.S. dollar as their base currency. They ignore that the biggest gold consumers — in rural parts of India and China — are not driven by…
Short Position Report
TSX Short Positions Short positions outstanding at May 31/15 (with changes from May…
Aureus beats Ebola to pour first gold at New Liberty
Just a month and a half behind schedule and three weeks after the World Health Organization (WHO) marked the end of the Ebola outbreak in Liberia, Aureus Mining (TSX: AUE; LSE: AUE) celebrated the first gold pour at its New Liberty open-pit…
Global gold market steady through Q1
The following is an edited summary released by the World Gold Council based on their Gold Demand Trends report for the first quarter. For more information, please visit www.gold.org.
Thompson Creek mastering Milligan’s mill,but shutters Endako mine
VANCOUVER — It’s a tale of two B.C. mines for producer Thompson Creek Metals (TSX: TCM; NYSE: TC). The company is achieving operational reliability at its low-cost Mount Milligan copper-gold asset, and it also put its Endako…
China’s CNNC eyes Canadian uranium projects
China is becoming more active on the uranium front, with a state-owned nuclear giant eyeing international uranium projects after acquiring a share in French nuclear firm Areva.
Eldorado improves economics at Certejin Romania
Eldorado Gold (TSX: ELD; NYSE: EGO) has released a feasibility study on its 80.5%-held Certej project in central Romania, showing modest returns that are in-line with analyst expectations.
Editorial: Transparency Act kicks in
The first day of June saw the coming into force in Canada of the Extractive Sector Transparency Measures Act, which compels extractive companies to publicly report any significant payments they make to governments at home and abroad.
Site visit: Amara showcases its Yaoure gold deposit in Cote d’Ivoire
YAMOUSSOUKRO, CÔTE D’IVOIRE — Past the hazy black smoke in the West African commercial city of Abidjan, Côte d’Ivoire, is a lush green jungle that inexplicably covers an ancient craton teeming with gold.
US stocks end lower, May 25-29
Uncertainty over Greece’s debt talks and a first-quarter contraction in the U.S. economy pushed stock indexes lower. Markets closed for the Memorial Day holiday, but when they reopened, the Dow Jones Industrial Average dropped 1.2% to…
EduMine’s Simon Houlding wins Vale medal
Growing up in Zimbabwe after World War II, completing an engineering degree at the University of Witswatersrand in Johannesburg, and working at Jones & Wagener, a specialist firm of consulting engineers and scientists based in South Africa,…