Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) says it will sell its stake in Mongolian coal producer SouthGobi Resources (SGQ-T) to Aluminum Corp. of China (Chalco) and use the proceeds to fund development of its massive Oyu Tolgoi mine, where it…
The iron ore deposits on Eagle Island, Fish Island and Wolf Island at the southwestern end of Lake St. Joseph in northwestern Ontario were first detected at the turn of the century by employees of the Hudson’s Bay Company, long before…
VANCOUVER — Markets reacted with enthusiasm to Extorre Gold Mines’ (XG-T, XG-X) preliminary economic assessment on its Cerro Moro gold-silver project 70 km southwest of Puerto Deseado in Argentina’s Santa Cruz province.
VANCOUVER — With capital costs escalating all over the industry and mine financing not getting any easier, infrastructure is looking as crucial as ever for those looking to build a major copper mine in British Columbia while keeping costs…
VANCOUVER — The S&P TSX Venture Composite Index rose 10.87 points to 1,566.39 points in the March 26 to 30 period after two days of gains outweighed three days of losses. Volume was up from the week before but still fairly modest at…
Investor frustration over the slow pace of the global economic recovery was seen as the culprit in the TSX Composite Index decline of 143 points to 12,392.18 points for the March 26-30 period.
The Dow Jones Industrial Average rose 131.31 points or 1.0% to 13,212.04 during the Mar. 26-30 trading week, while the S&P 500 index edged 11.36 or 0.81% higher to 1,408.47. The Dow and the S&P 500 closed out their best first quarter…
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CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Toronto-based Volta Resources (VTR-T) and Vancouver-based Riverstone Resources (RVS-V) are separately hunting for gold in the landlocked West African country of Burkina Faso.
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
Sandstorm Gold (SSL-V) is not an exploration or operational mining outfit. The company is not interested in spending equity capital on surface exploration, drill programs or environmental-impact studies. Instead, Sandstorm took the idea of…
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