News

Gold rose US$6-even over the Nov. 10-16 report period to close at a 16-year high of US$439.40 per oz. in London. To the surprise of no one, the TSX’s gold index jumped 7.2 points, or more than 3%, to 224.45. The diversified metals & mining index w…

A quarter-point move in U.S. interest rates didn’t dampen enthusiasm on Wall Street in the reporting period Nov. 10-16. The Dow Jones Industrial Average, at 10,487.65, and the S&P 500, at 1,175.43, were both about 1% higher after generally buoyant…

About halfway through a 15,000-metre program of infill drilling, Rio Narcea Gold Mines (RNG-T) has tabled a resource estimate for its Salave project in northern Spain.

Vancouver — As part of an ongoing feasibility study, International Minerals (IMZ-T) has completed definition drilling on the Rio Blanco gold-silver project in south-central Ecuador.

The big news this week for the junior mining sector is the gold price which managed to make it past the US$440 mark with participants cheering the climb. Venture Exchange-listed companies were looking up, however, there is still a lot of weakness…