NuLegacy earns 70% of Iceberg gold deposit in Nevada
NuLegacy Gold (TSXV: NUG; US-OTC: NULGF) is standing at a crossroads, after fulfilling its 70% earn-in on the property in Nevada that hosts its flagship Iceberg gold deposit.
Gold
TSX climbs higher, Oct. 19-22
The Toronto stock market ended higher as investors took in prime minister-designate Justin Trudeau’s majority win in the federal election. Canada’s new prime minister promises to invest heavily in infrastructure, among other areas,…
Exclusive interview: Ecuador gov’t, Lundin Gold close to Fruta del Norte deal
QUITO, ECUADOR — Ecuador’s Minister of Mines, Javier Cordova, says his government is close to agreeing to fiscal terms with Lundin Gold (TSX: LUG) with respect to its Fruta del Norte gold project in the country’s southeast.
Alamos bids $28.5M for Carlisle
Alamos Gold (TSX: AGI; NYSE: AGI) is offering to buy the shares it doesn’t already own in Carlisle Goldfields (TSX: CGJ) for $28.5 million, so it can gain a 100% interest in the Lynn Lake gold project in Lynn Lake, Man.
Tycoon takes 9.9% stake in Teranga Gold
David Mimran — a financier, Hollywood movie producer and CEO of his family’s Mimran Group, whose wealth stems from agri-industry (flour, sugarcane, grain, animal feed) to banking, shipping and real estate — has taken a 9.9%…
TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
Goldcorp’s Chuck Jeannes ‘not worried about lonore’
Goldcorp (TSX: G; NYSE: GG) is highlighting the potential at Éléonore in northern Quebec, despite recently lowering the gold mine’s 2015 production forecast, partly due to higher-than-expected mining dilution.
Bullion bulls invest in Kaminak Gold
A pooled investment fund associated with billionaire mining magnate Thomas Kaplan — an Oxford-educated historian, who spends much of his spare time trying to save the world’s big cats from extinction — has become the latest…
Toronto stocks end mixed, Sept. 28-Oct. 2
The S&P/TSX Composite Index had a turbulent week, falling 0.3% to 13,339.74, despite cutting some of its earlier losses, after positive Canadian data. The country’s gross domestic product number for July came in at 0.3%, after two…
Integra Gold issues million-dollar challenge
VANCOUVER — Integra Gold’s (TSXV: ICG; US-OTC: ICGQF) historical dataset for the former Sigma-Lamaque gold mines — in the town of Val-d’Or, Que. — has been cast open to the masses, and the rush is on for…
Balmoral offers a new way to play the Detour trend
VANCOUVER — Any investor on the lookout for a junior explorer offering base and precious metal exposure via emerging in-situ metal resources and strategic land positions, might take a second glance at Balmoral Resources (TSX: BAR;…