US stocks rise on strong jobs data, Aug. 1–5
U.S. equities gained during the first week of August, helped by a positive jobs report, as companies reported earnings with mixed results. The Dow Jones Industrial Average rose 0.6% to…
Silver
Silver Wheaton paying US$800M to raise Salobo gold stream to 75%
Silver Wheaton (TSX: SLW; NYSE: SLW) is offering a subsidiary of Vale (NYSE: VALE) US$800 million to buy another 25% gold stream from the Salobo copper-gold mine in Brazil. Vancouver-based…
Downie’s Premier Gold to buy Mercedes in Mexico for US$140M
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has offered to buy Yamana Gold’s (TSX: YRI; NYSE: AUY) Mercedes mine in Mexico’s Sonora state for US$140 million, in a move that…
Odds ‘n’ Sods : Cobalt’s silver boom and the rise of mining media in Canada
The early history of hard rock mining in Ontario is essentially the story of the discovery of silver in Cobalt in 1903. It wasn’t long before the Cobalt mines became…
Gold majors deliver Q2 results
Many companies published their second-quarter earnings on July 27, including gold miners Barrick Gold (TSX: ABX; NYSE: ABX), Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Goldcorp (TSX: G; NYSE: GG)…
Yukon Premier supports mines
DAWSON CITY, YUKON — Lining the quartz-gravel roads of Yukon’s Dawson City, the commercial hub of the legendary Klondike placer goldfields, are a number of derelict buildings that once gave…
US markets rise, July 18–22
U.S. equities continued higher, helped by encouraging U.S. economic data and better-than-expected corporate earnings. The S&P 500 Index rose 0.6% to a 2,175.03 high. The Dow Jones Industrial Average advanced…
Lupaka’s Invicta to hit commercial production in November
Lupaka Gold (TSXV: LPK) says a recent US$6.1-million gold purchase agreement with New York-based Pandion Mine Finance will get the construction of its Invicta polymetallic mine in Peru across the…
Argonaut misses Q2 production target
Argonaut Gold (TSX: AR) has revised its full-year production guidance after missing its second-quarter output goal, and gold analysts have responded by lowering their expectations on the stock. On July…
Ascot prepares for Sprott’s $20M investment
VANCOUVER — Ascot Resources (TSXV: AOT) is reconsidering plans on how to best advance its flagship Premier gold-silver project, 20 km northeast of Stewart, B.C., now that mining and exploration financier Eric…
Golden Arrow options Antofalla in Argentina’s Catamarca province
Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) is best known for its Chinchillas silver-lead-zinc project in Argentina’s Jujuy province, but the prospect generator also has properties in the country’s San…
Wall Street rises, July 5-8
U.S. equities drove higher for a second week as investors recovered from post-Brexit jitters. The Dow Jones Industrial Average advanced 197.37 points, or 1.1%, to 18,146.74 points, and the S&P…