Toronto Stock Exchange, July 22-26
The S&P/TSX Composite Index was down 65 points to 12,647.90 for the period, as it was weighed down by earnings misses and weaker base metal prices.
Articles by Northern Miner Staff
Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
Agnico pursues growth amid capital cuts
Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.
Are aluminum prices set to fall?
No one would describe aluminum’s recent pricing as strong. Since the beginning of the year the price of the metal has fallen roughly 14¢, and was trading at 82¢ per lb. at press time.
The New Prosperity battle begins again
WILLIAMS LAKE, BC — Two very different scenes played out on opposite sides of the building hosting the public hearing on the proposed New Prosperity mine in the hours before the hearing got started.
Amerigo extends tailings deal until 2037
The El Teniente mine in the Chilean Andes has been producing copper since 1904, and Codelco believes the underground copper mine — the world’s largest, with more than 2,400 km of subterranean tunnels — has many more decades to…
Timmins Gold adjusts to lower metal prices
VANCOUVER — Timmins Gold (TSX: TMM; NYSE-Arca: TGD) is striving for operational stability at its San Francisco open-pit gold mine in Sonora state, Mexico. The company announced cost-saving measures in April 2012 and has shown consistent…
Long hit stokes optimism at Cotabambas
VANCOUVER — A long copper-gold intercept suggests that the Ccalla deposit has more mineralization to offer Panoro Minerals (TSXV: PML; US-OTC: POROF), as the company gets set to update the resource estimate at its Cotabambas project in…
Gabriel remains hopeful at Rosia Montana
Gabriel Resources (TSX: GBU; US-OTC) may see a positive development at its delayed Rosia Montana gold-silver deposit in west-central Romania, as the government recently highlighted the asset in its new plan to attract foreign investment,…
Newmont cashes out of Canadian Oil Sands
VANCOUVER — Newmont Mining (TSX: NMC, NYSE: NEM) has sold its stake in Canadian Oil Sands (TSX: COS; US-OTC: COSWF) to streamline its assets and reduce debt.
Golden Star improves gold sales
Golden Star Resources (TSX: GSC; NYSE-Arca: GSS) tipped its hand on second-quarter gold sales, and the results look good.
Lake Shore Q2 earnings meet expectations
Highly anticipated second-quarter results are in, and Lake Shore Gold (TSX: LSG; NYSE-Arca: LSG) delivered.