Franco-Nevada sees opportunities amidst oil and gas slump
VANCOUVER — Royalty and streaming outfit Franco-Nevada (TSX: FNV; NYSE: FNV) is a money-maker, and it has seen big success through gold and platinum group metal investments.
Gold
U.S. stocks end mixed, May 18-22
Wall Street closed mixed ahead of the Memorial Day holiday, as the Federal Reserve said it would likely raise interest rates this year, if the economy continued to improve. The Dow Jones Industrial Average dipped 0.2% to 18,232.02, while the…
Suppliers news: Amec Foster Wheeler gets more work at Copler in Turkey
Amec Foster Wheeler has been awarded the initial phase of an engineering, procurement and construction contract for the sulphide expansion project at Alacer Gold’s (TSX: ASR) 80%-owned Copler gold mine in eastern Turkey.
Red Chris delay sends Imperial back to the market
In danger of breaking a loan covenant because of a slow ramp-up at its Red Chris copper-gold mine in northwestern B.C., Imperial Metals (TSX: III; US-OTC: IPMLF) is turning once again to its largest shareholders for financial help.
Midway runs into trouble at Pan mine
Midway Gold (TSX: MDW; NYSE-MKT: MDW) has hit a rough patch, less than two months after it initiated production at its Pan gold heap-leach mine in Nevada.
Sabina focuses on optionality at Back River
A feasibility study for Sabina Gold & Silver’s (TSX: SBB; US-OTC: SGSVF) Back River gold project in Nunavut shows the project could be a large, low-cost producer that could be scaled down in order to lower capital requirements.
China’s Zijin Mining buys into Barrick, Ivanhoe assets
Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…
Newmarket Gold’s dream team aims to consolidate industry
VANCOUVER — If past success is an indicator for future prosperity, Newmarket Gold (TSXV: NGN) could very well be on its way to the top. The company’s board and management roster includes a variety of industry heavy hitters with…
TSX Venture edges up, May 11-15
The S&P/TSX Venture Composite Index eked out a 4.16-point gain over the trading session to close at 695.31. The index has been stuck at late-2008 levels of 700 points and below since November.
Atico Mining’s confidence in El Roble grows
Atico Mining’s (TSXV: ATY; US-OTC: ATCMF) El Roble underground mine is the only copper-gold volcanogenic massive sulphide (VMS) deposit in production today in Colombia and the Vancouver-based junior producer is becoming more confident by…
Hudbay hits commercial production at Constancia
Hudbay Minerals (TSX: HBM; NYSE: HBM) has stayed on course with its ambitious growth plans over the last five years, bringing online three new mines, with the latest being the large Constancia copper-molybdenum-gold-silver mine in Peru.
Cordoba entices Friedland’s HPX to explore Colombia
VANCOUVER — It’s been over a year since Mario Stifano, president and CEO of Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) shared an elevator with international financer Robert Friedland and sparked the billionaire’s interest in…