Vancouver – In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex gold mine in Val d’Or Quebec due to the instability of the mine.
TSX Short Positions Short positions outstanding at Oct. 15/11 (with changes from Sept….
Goldcorp.’s (G-T, GG-N) $3.6 billion acquisition last year of Andean Resources and its Cerro Negro deposit in Santa Cruz province may have showcased Argentina as a key gold producing region. But Patagonia Gold (PGD-L) had been working in the…
Vancouver – Carpathian Gold (CPN-T) has been forced to abruptly halt construction at its Riacho dos Machados gold project on environmental grounds barely a month after the Brazilian government approved the project.
Being part of the team that unearthed one of the world’s great copper-gold deposits in Oyu Tolgoi hasn’t left Ed Flood to rest on his laurels. The founding president and former deputy chair of Ivanhoe Mines (IVN-N, IVN-T) is now throwing his…
Before Montreal-based Malaga Inc. (MLG-T, MLGAF-O) took over the Pasto Bueno mine in 2005, private owners in Peru had turned out nearly six million tonnes of tungsten–or 42,000 tonnes of tungsten concentrate–from just five veins they had…
Vancouver – New Gold (NGD-T, NGD-N) has put pen to paper with two B.C.-focused junior gold explorers holding land near the company’s most recent acquisition, the Blackwater gold-silver project, located 150 km southwest of Prince George.
Candente Copper’s (dnt-t) sizeable Canariaco Norte copper-gold deposit in northern Peru has been receiving a lot of buzz lately, with a few analysts tipping the project off as a possible takeover target.
The TSX Composite Index came back to life for the holiday shortened Oct. 11-14 period and finished 235 points higher than where it began at 12,081.73 points. The positive swing came as fears surrounding the European debt crisis subsided – for…
Vancouver – Continued cautious optimism had the S&P/TSX Venture Composite Index climbing again, up 85.11 points in the shortened October 11-14 trading period to reach 1,557.61 points. The index climbed on three trading days while dropping…
Despite warnings by European Central Bank President Jean-Claude Trichet that the European debt crisis had “reached a systemic dimension;” the defeat in the Senate of U.S. President Barack Obama’s US$447 billion job-creation package; a recent…
Over the past few years we’ve seen booms and busts for niche-market metals like uranium and molybdenum. Now it’s time for the rare earth elements (REE) subsector to endure a similar correction.
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