Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
Stock Markets/Investing
Glencore Xstrata promises fiscal discipline
VANCOUVER — It was not always a smooth process and it took a year to gel, but Glencore International has completed its US$29-billion takeover of Xstrata, with the merged company trading as Glencore Xstrata (GLEN-L) and boasting a…
Short Position Report
TSX Short Positions Short positions outstanding at Apr. 30/13 (with changes from Apr….
Toronto Stock Exchange, April 22 – 26
The S&P/TSX Composite Index held onto its earlier gains during the trading week, edging up 155 points to 12,220.20. The index fell after the U.S. government reported slower growth in the country’s gross domestic product on April 26,…
TSX Venture Exchange, April 22 – 26
The S&P/TSX Venture Composite Index showed signs of recovery after a tough month, with a 2.8% — or 26.15-point jump — leading to a 965.22-point weekly close. Rising commodity prices and a stronger Canadian dollar contributed to…
U.S. markets, April 22 – 26
Investors took comfort in the fact that unemployment claims in the U.S. fell more than expected, which helped bolster all three big indexes south of the border. The Dow Jones Industrial Average was up 165 points to 14,712.55, the S&P 500…
Letter to the editor: Gold stocks ‘precipitously cheap’
I read with interest Peter Besler’s article on making money on junior resource stocks (T.N.M., March 25–31/13). But I do not think his methodology applies at the present time.
Agnico keeps steady hand through choppy waters
The downturn in the gold market may be making investors anxious, but the head of one of Canada’s most prominent gold miners, Agnico-Eagle Mines (AEM-T, AEM-N), is staying as cool as a spring breeze in Nunavut.
TSX Venture gains ground,
Apr. 22-26
VANCOUVER — The S&P TSX Venture Composite Index showed signs of recovery following a tough month during the Apr. 22-26 trading period, with a 2.8%, or 26.15 point, jump leading to a 965.22 point weekly close. Rising commodity prices…
U.S. markets show strength as commodities rebound, Apr. 22-26
Investors took comfort in the fact that unemployment claims in the U.S. fell more than expected and that helped bolster all three of the big indices south of the border for the April 22-26 period.
Toronto Stock Exchange, Apr. 15 – 19
Despite a historic fall in the gold price, and weakness around commodities as a whole, the S&P/TSX Composite Index clawed its way to a 4-point gain, finishing at 12,065.55.
TSX Venture Exchange, Apr. 15 – 19
The S&P/TSX Venture Composite Index continued its downward spiral, as struggling commodity prices and a gloomier global outlook from the International Monetary Fund (IMF) contributed to an 8.2%, or 83.5-point loss, en route to closing at…