The upside to the downturn
VANCOUVER — The past few years have been tough on junior miners and those who invest in them.
Stock Markets/Investing
U.S. equities remain in positive territory, June 2-6
U.S. equities posted their third straight weekly gain, driven by strong payroll data and optimism about economic growth. The economy added 217,000 jobs in May while the unemployment rate held steady at 6.3%. The Dow Jones Industrial Average…
TSX surges, June 2-6
The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…
TSX Venture returns to the green, June 2-6
The S&P/TSX Venture Composite Index bounced back during the week, rising 3.46 points, to close at 987.45. Investor sentiment improved after the U.S. Labor Department said the economy created 217,000 jobs in May. Meanwhile, the European…
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
Annual mining profits tumble 72% to lowest point in a decade
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
Miners drag down TSX, May 26-30
It was a tough week for the Toronto Stock Exchange. The S&P/TSX Composite Index dropped 103.94 points, or 0.71%, to end the trading week at 14,604.16, while the S&P/TSX Capped Diversified Metals & Mining Index fell 33.82 points, or…
US stocks finish strong, May 27-30
U.S. equities ended the holiday-shortened trading week in positive territory.
TSX Venture hit by lower commodity prices, May 26-30
The S&P/TSX Venture Composite Index spent much of the week in the red before closing down 4 points at 983.99. Markets were hit by declining commodity futures, while Statistics Canada reported that the nation’s gross domestic product…
Timmins Gold under proxy fire from Sentry Investments
VANCOUVER — Proxy battles were a hot topic roughly two years ago, and now producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is the latest to be targeted by dissident shareholders looking to remake the company’s board of directors. On…
TSX accelerates, May 19-23
Energy and banking stocks helped drive the S&P/TSX Composite Index higher, while Canada’s main stock index also got a lift from reassuring comments mid-week in the U.S. from the Federal Reserve that it remains committed to withdrawing…
U.S. stock markets continue to roll, May 19-23
U.S. stock markets shunned the bears and rewarded the bulls — while dismissing the old adage to ‘sell in May and go away.’ With stronger-than-expected manufacturing numbers out of Asia pointing to resilience in global growth,…