Traders closed out the period ending Nov. 2 with some anxiety as Americans went to the polls to elect a new president following a closely contested race. Goosed by a near 10% drop in crude oil prices, the Dow Jones Industrial Index shot up 147.33…
Election day jitters south of the border sent gold US$7.20 per oz. lower to US$419.70 per oz. in New York on the first Tuesday in November. The one-day drop pushed the yellow metal US$8.55 lower over the Oct. 27-Nov. 2 report period, and the rest…
During the Oct. 27-Nov. 2 report period, TSX Venture Exchange-listed companies traded lower as a group as the gold price lost ground, owing to a strengthening U.S. dollar. The S&P-TSX Venture Exchange index was down 54.38 points, or some 3%, durin…
Jericho Camp, Nunavut — Now that Tahera Diamond (TAH-T) has arranged financing for construction and development of its Jericho diamond project in Nunavut, the last remaining hurdle to clear is licences for land and water.
As part of its 3-pronged defence plan against Harmony Gold‘s (HMY-N) unwanted advances, Gold Fields (GF-N) has petitioned South Africa’s High Court to declare its smaller rival’s unsolicited takeover bid unlaw…
The proposed sale of Hudson Bay Mining & Smelting is an elephant-and-mouse deal like almost no other. Anglo American, one of the world’s largest mining companies, is ready to sell a large integrated mine-and-smelter operation to a small Toronto-ba…
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