Debt troubles start to pile up for miners
Vancouver – For a growing number of mining companies unable to make payments on significant debts, the prospects for a happy new year are growing dim. During the last days…
News
Advanced Explorations makes headway in Nunavut
Drill results for Advanced Explorations’ (AXI-V) Roche Bay iron ore project in Nunavut confirm a higher grade…
NovaGold raises $60 million in ‘gut-wrenching’ time
A private New York company has agreed to take on a 30% interest in cash-strapped NovaGold Resources (NG-T, NG…
UEX soars as it proves up Hidden Bay
UEX Corporation (UEX-T) took part in the TSX Composite Index’s rally on January 5th.
New Gold puts Amapari mine on care and maintenance
Six years ago mining tycoon Ian Telfer described the Amapari gold mine in Brazil as “one of the best undevelo…
Update: Chile in for long haul with copper price protection, ENAMI says
Vancouver – The Chilean government’s national mining company responsible for assisting small and medium…
Continental Nickel’s Tanzanian results
Nickel may be trading at just US$5.96 per lb. but that isn’t slowing down Continental Nickel (CNI-V) at its N…
Chinese Investment A Lifeline For Australian Miners
Perth, Western Australia– Consider the Australian mining scene of six months ago — a chronic shortage of professional and skilled workers, high wages, headhunters wallowing in fees, long waiting lis…
Jaguar Mining Finds Fair Weather In Brazil
SITE VISIT Belo Horizonte, Minas Gerais, Brazil–At a time when more than one mining company is struggling to stay afloat, Jaguar Mining (JAG-T) is a bit of fresh air. With…
U. S. Markets Dec. 19-22
U. S. stock markets drifted down during the shortened Dec. 19-22 trading session. The Dow Jones Industrial Average fell 85 points, or 1%, to 8,520; the S&P 500 index lost 14 points, or 1.5%, to 87…
Toronto Stock Exchange Dec. 19-22
Over the abbreviated Dec. 19-22 trading session, it looked like Santa Claus wouldn’t be coming to the Toronto Stock Exchange this year. The S&P/TSX composite index fell 175.82 points, or 2.1%, to …
TSX Venture Exchange Dec. 19-22
Over the trading session covering Dec. 19-22, the S&P/TSX Venture composite index lost 8.43 points to close at 692.02. Daily trading volumes were good, averaging out to 109 million.