TSX moves up, Sept.14-18
Canada’s benchmark index gained ground during the week, adding 185.33 points, or 1.4%, to close at 13,646.80 points, as investors took in the U.S. Federal Reserve’s decision to keep interest rates near zero.
Gold
Agnico Eagle has 10 rigs turning at El Barqueo
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says the El Barqueno gold project in Mexico could become a heap-leach operation similar to its La India gold mine and the stand-alone Creston Mascota pit, near its Pinos Altos gold mine.
Sawiris-backed La Mancha to acquire 30% of Endeavour Mining
La Mancha, a privately held investment company controlled by the family of Egyptian billionaire Naguib Sawiris — who earlier this month tweeted that he wants to buy an island in Europe to provide a home for refugees fleeing war-torn Syria…
Editorial: Burkina Faso rattled by coup
For global gold miners, the emerging gold mining industry in Burkina Faso has been a wonderful success story of discovery and mine development in a land that until recently had little modern industry of any kind, or infrastructure.
Wesdome ‘proud’ of its Ontario gold mines
For a company that hasn’t had to raise equity since 2006 and whose last financing was a $7-million convertible debenture in 2012, which isn’t due until 2017, Wesdome Gold Mines (TSX: WDO; US-OTC: WDOFF) has performed fairly well…
Wenco wins work at Siberian gold mine
Polyus Gold (LSE: POLG) has tapped Wenco International Mining Systems to provide high-precision guidance for shovels and drills at its Blagodatnoye gold mine in eastern Siberia. The technology will be installed by the end of 2015.
Red Pine recruits veteran advisors Watson, Franklin, Desrochers for Wawa project
At the end of August, Red Pine Exploration (TSXV: RPX; US-OTC: RDEXF) completed its earn-in for a 30% stake in the Wawa gold project, which hosts eight past-producing gold mines with average grades of 8.9 grams gold per tonne, 2 km southeast of…
Richmont goes deep at Island Gold mine
At a time when many companies are putting exploration plans on hold to weather the downturn in metals markets, Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is doing exactly the opposite.
Goldstrike strikes again at Plateau South in Yukon
VANCOUVER — Goldstrike Resources (TSXV: GSR) is gaining traction over a new gold district at its Plateau South project, 300 km east of Dawson City, Yukon, as recent drilling has expanded its high-grade gold targets.
Premier’s Downie bullish on Hasaga in Red Lake
VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and…
Sabina gets ‘more realistic’ at Back River in Nunavut
VANCOUVER — Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is working hard to outline a development scenario at its Back River gold project in Nunavut that is viable in light of challenging capital markets. On Sept. 13 the company…
Kirkland Lake benefits from high grades at SMC
VANCOUVER — Kirkland Lake Gold’s (TSX: KGI; LSE: KGI; US-OTC: KGILF) quarterly results reveal that it has two advantages at its Macassa gold complex in northeastern Ontario: higher grades at its South Mine Complex (SMC), and a…