TSX rises on strength out of China
The TSX Composite index rose 84 points to 12,296.72 for the Dec. 10-14 period as stronger that anticipated manufacturing numbers out of China outweighed fears over the looming fiscal cliff south of the border.
News
U.S. equities slip in Dec. 10-14 trading week
Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets into negative territory with the Dow Jones Industrial Average slipping 0.32% or 4.49 points to close at 1,413.58, while the S&P 500 index lost 0.15% or 20.12…
TSX Venture Exchange trades sideways
VANCOUVER – The second week of December was a sideways one for the S&P TSX Venture Composite Index, as it alternated between small gains and small losses to end the Dec. 10-14 session up just 0.66 points at 1,183.62. Trading volumes…
Calling All Canadian Underground Coal Miners
Vancouver – HD Mining wants to develop an underground coal mine in northern British Columbia. The resource on its property is as good as it gets in the coal world – high-quality metallurgical coal, the kind used to make steel – and…
Kaminak gains ground on back of maiden resource
VANCOUVER — It has been a promising five days for shareholders of Vancouver-based explorer Kaminak Gold (KAM-V). The company has seen its share price rise roughly 44% since Dec. 10 — jumping 44¢ before closing out the week at…
Berlin project has room to grow
Revenue from by-products phosphate, vanadium and yttrium will more than pay for the mining and extraction of uranium oxide at U308 Corp.’s (UWE-T, UWEFF-O) Berlin project in Colombia, according to a preliminary economic assessment.
More headaches for Centerra at Kumtor
The tough times at the world-class Kumtor gold mine in the Kyrgyz Republic continue for Centerra Gold (CG-T).
[Update] Centamin gains on fuel news, but Sukari still remains shut
The outlook for Egypt’s largest gold producer, Centamin (CEE-T, CEY-L), still seems uncertain as a shortage of diesel and working capital forced it to recently close the Sukari gold mine, located near the Red Sea, causing its…
Primero snaps up Cerro del Gallo
VANCOUVER — Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into the merger-and-acquisition waters with a definitive agreement to acquire Australian explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth…
Borden yields quick return for Probe Mines
It didn’t take Probe Mines (PRB-V) long to prove to the world that its decision to sell a royalty on one past producing mine to invest more into a potential mine was a sound decision.
Colombian rebels like gold
Income from gold mining has overtaken drug trafficking in some provinces for the Revolutionary Armed Forces of Colombia, or FARC, according to a new report from political risk firm Exclusive Analysis.
Maudore’s new management tries to right the ship
VANCOUVER — It has been a bit of a whirlwind over the past five months for Quebec-focused gold explorer Maudore Minerals (MAO-V).