US markets move higher, Nov. 7-11
Expectations by many that Donald Trump’s electoral victory would boost the U.S. economy sent the Dow Jones Industrial Average up 5.4%, or 959.38 points, to 18,847.66. The S&P 500 Index…
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TSX rises, Nov. 7-11
The S&P/TSX Venture Composite Index dove 34.07 points, or 4.5%, to a 727.91-point close in the aftermath of the U.S. presidential election. Spot gold prices dropped US$77.42 to US$1,227.64 per…
Renard & Gahcho Kué: Two new reasons to celebrate Canadian diamonds
It’s been nearly a decade since Canada, the world’s third-largest diamond producer, has added any significant new production. But this fall has seen two new mines come online within just…
Pressure grows on Samarco, one year after tailings disaster
Legal and financial pressures are mounting on Samarco, one year after a tailings dam failure sent 60 million cubic metres of mine waste and sludge into Brazil’s Rio Doce river…
Newmont’s Long Canyon is early and below budget
Newmont Mining (NYSE: NEM) has brought its newest gold mine, Long Canyon, online in Nevada, two months ahead of schedule and US$50 million under budget. The company poured first gold…
Endeavour Mining says Ity may emerge as ‘flagship asset’
VANCOUVER — Endeavour Mining (TSX: EDV) is confident enough in its Ity gold mine in Côte d’Ivoire, West Africa, to start expansion next year. Recent exploration success, however, hints that the…
Lucara sees a strong finish to 2016
Lucara Diamond’s (TSX: LUC) third-quarter earnings slumped partly due to the timing of its sales, but it expects to catch up in the fourth quarter. Lucara — the operator of…
Prairie snapshots: Eight companies to watch
The compelling geology, excellent infrastructure and mining friendly business environment of Canada’s Prairie provinces have helped a lively mining scene flourish, with companies large and small on the hunt for…
Metanor eyes 2017 restart at Barry
VANCOUVER — Metanor Resources (TSXV: MTO) hopes that a restart of its Barry open-pit gold mine in Val-d’Or, Que., will bring some extra pep to the junior’s step, considering that…
Hudbay reopens Constancia after brief suspension
Hudbay Minerals (TSX: HBM; NYSE: HBM) announced on Nov. 8 that it had suspended operations at its Constancia copper mine in Peru for safety reasons after trespassers entered the open-pit…
Editorial: Federal gov’t to establish Canadian Infrastructure Bank
The federal government’s latest initiative comes right out of the Liberal Party of Canada’s 2015 election platform: “We will establish the Canadian Infrastructure Bank to provide low-cost financing for new…
TSX Venture retreats, Oct. 31-Nov. 4
The S&P/TSX Venture Composite Index shed 13.89 points, or 1.8%, to a 761.98-point close despite strengthening commodity prices. Spot gold prices surged US$29.59 to US$1,305.06 per oz., ahead of the…