Gold surges on coronavirus fears
Seven straight sessions of gains lifted the gold price to a fresh seven-year high, after renewed fears of the coronavirus sent investors scurrying to safe-haven assets. The gold price touched…
Gold
TSX Venture drops, Feb. 17-21: K92, Great Bear, New Pacific, Novo Resources
The S&P/TSX Venture Composite Index fell 2.14% to 582.67 and gold finished the week at US$1,643.00 per oz., up US$59.40 per ounce. Drill results from the Kora North Extension of…
US markets fall, Feb. 17-21: Agnico, AngloGold Ashanti, Barrick, Coeur Mining
With the coronavirus epidemic and trade tensions clouding the economic outlook, the Dow Jones Industrial Average fell 1.38% to 28,992.41 and the S&P 500 dropped 1.26% to 3,337.75. Safe haven…
TSX slips, Feb. 17-21: Newmont, Eldorado, Wheaton Precious Metals, Pan American, Teck
The blockade of rail traffic across Canada due to a disputed gas pipeline and fears about the impact the coronavirus is having on the global economy, sent the S&P/TSX Composite…
Precious Metals Snapshot: Eight companies advancing projects globally
Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight companies with significant developments in 2020….
Newmont, Teck to invest US$152M in Chilean copper-gold project
Newmont Mining (TSX: NGT; NYSE: NEM) and Teck Resources (TSX: TCK.B; NYSE:TCK) are injecting new life into their NuevaUnión 50-50 joint venture in Chile by investing US$152 million into the…
Will Canadian miners rise again?
The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector. It also brought significant changes to the Canadian mining landscape: Newmont’s (NYSE: NEM) takeover…
Leaked EIS buoys Northern Dynasty’s Pebble
Controversial development plans for Northern Dynasty Minerals’ (TSX: NDM; NYSE-AM: NAK) wholly-owned Pebble project in southwest Alaska’s Bristol Bay region, have swung further in the company’s favour following the release…
Americas Gold and Silver pours first gold at Relief Canyon
Nine months after construction began on its Relief Canyon mine in Nevada, Americas Gold and Silver (TSX: USA) has poured first gold and expects commercial production to start before the…
Egypt approves Aton Resources’ Hamama
Egypt has granted Aton Resources (TSXV: AAN) a mining licence for its Hamama development project — the second time in a decade that the government has greenlighted a mine since…
Reading the tree leaves
As much of the easily accessible gold has been found, prospectors and mining companies have had to dig deeper and venture farther into more extreme and remote environments to find…
Commentary: The state of metals markets in 2020
The metals markets promise to be full of fascinating developments and unexpected twists in 2020. Mining equities will not be excluded from the drama. This partly reflects the reality that…