News

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 7, 2009 (change from Dec. 1 in brackets):

COURTESY OF SCOTIABANK

Fallout from the Dubai debt crisis kept markets choppy during the Dec. 1-7 reporting period. The Dow Jones Industrial Average was off 81.47 points to 10,390.11 and the S&P 500 index dropped 5.61 p…

Though trading volumes remained high, the S&P/TSX Venture composite index rang in the beginning of December cautiously, with a modest 19.34-point gain over the Dec. 1-7 reporting period. The Ventu…

The S&P/TSX composite index managed to etch out a 42-point gain to finish the Dec. 1-7 period at 11,489 points. But much of the gains came early in the period when gold was touching new highs and …

In our article about the Association for Mineral Exploration in British Columbia (AME BC) awards ( T. N.M., Dec. 7-13/09), we incorrectly stated the date of the dinner. The dinner will take place on W…

Adriana Resources — Chairman Michael Beley resigned; CFO and director Richard Barclay resigned; Norman Calder appointed CFO; Anthony Patriarco appointed interim chairman; Colin Benner appointed a dir…

VANCOUVER — Privately held Argonaut Gold has closed a brokered private placement meant to fund its proposed takeover of Castle Gold (CSG-V).

VANCOUVER — It appears that Grupo Mexico (GMBXF-O, GMEXICOB-M) has dodged a US$10- billion bullet.

VANCOUVER — Encompassing a swath of exploration and mining projects, the Santa Cruz provincial government in Argentina has designated roughly half the province’s area as a region of special interest …

Ontario and British Columbia will be harmonizing their provincial retail sales taxes with the federal goods and services tax (GST) on July 1, 2010. That means that both of these provinces will abandon…

Riding high in recent years on the back of new gold projects in the region, the Ontario mining town of Timmins was given a body blow in early November as Xstrata announced it will close the Kidd metal…