Gold

US stocks drop, July 7-11

The S&P 500 Index dropped 18 points to 1,967.57, marking its worst week since April, as European economic uncertainty continued. The Dow Jones Industrial Average fell 124 points to 16,943.81, while the Nasdaq Composite Index gave back 70…


Construction at the Pimenton mine in Chile. In the second quarter of 2014, Pimenton produced 2,643 ounces of gold, up from 2,558 ounces of gold in the first quarter of the year, while cash costs fell from US$919 per oz. to US$778 per oz. Credit: Cerro Grande Mining

Cerro Grande cuts costs at Pimenton

At the end of January, the Toronto Stock Exchange launched a delisting review of Cerro Grande Mining (TSX: CEG; US-OTC: CEGMF) to determine whether the junior could keep a $2-million market value for 30 straight trading days.


Workers collect samples from the Azteca zone at Cayden Resources' El Barqueno gold project in Jalisco, Mexico. Credit: Cayden Resources

Cayden three for three at El Barqueo

Cayden Resources (TSXV: CYD; US-OTC: CDKNF) keeps hitting gold at its El Barqueno project in Jalisco state, Mexico, coming up with its third discovery at the project in July.


Pershimco Resources' Cerro Quema gold project in southern Panama. Credit: Pershimco Resources

Cerro Quema shines for Pershimco in Panama

A newly tabled prefeasibility study of Pershimco Resources’ (TSXV: PRO; US-OTC: RSPRF) Cerro Quema gold project in southern Panama outlines a low-cost, open-pit operation generating 78,500 oz. gold a year over five years, with production…



The mill at Primero Mining's Black Fox gold mine in Timmins, Ontario.  Credit: Primero Mining

Primero gets to work on Black Fox underground

VANCOUVER — After snapping up Brigus Gold and its Black Fox mine for $220 million in late 2013, Primero Mining (TSX: P; NYSE: PPP) pledged it would turn operations around and realize the project’s dormant underground potential….



TSX takes a break, June 30-July 4

Trading on the Toronto Stock Exchange was on the downbeat during the Canada Day shortened week, with the S&P/TSX Composite Index losing nearly 69 points to finish at 15,214.96.  The spot price for gold retreated US$7.91 per oz. to…




Lake Shore aims to beat 2014 production forecast

Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) is moving in the right direction. The Toronto-based gold miner posted record quarterly and six-month production in the second quarter and first half of 2014, and expects to reach the top end of its…


US stocks drop, June 23-27

U.S. equities had a lacklustre trading week. The Dow Jones Industrial Average fell 95 points from the week before to 16,851.84, while the broader S&P 500 Index slipped nearly 2 points to 1,960.96. Bucking the downward trend was the…


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