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.
Silver
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.
Pan American Silver expands Mexico operations
At a time when lower commodity prices are fuelling cost-cutting and restructuring plans across the mining sector, Pan American Silver (TSX: PAA; NASDAQ: PAAS) is pushing ahead with expansion projects at two of its three mines in Mexico, and…
Argonaut aims to balance expansion, cost control
VANCOUVER — Argonaut Gold (TSX: AR; US-OTC: ARNGF) is walking a fine line by expanding its gold and silver production while controlling operating costs to maximize its free cash flow. The company’s long-term goal is to boost…
Starcore has had ‘a big year,’ CEO Robert Eadie says
Starcore International Mines (TSX: SAM), the owner of the San Martin gold-silver mine in Queretaro, Mexico, has added seven assets to its portfolio over the past year.
Sierra Metals turns up the heat in Mexico
In July, Sierra Metals (TSX: SMT) appointed as its vice-president of exploration Matthew Wunder — a geologist who during his career was part of a group at Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) that discovered and developed the…
Arena attracts JOGMEC, B2Gold
Since the beginning of the year, prospect-generator Arena Minerals (TSXV: AN) — whose shares traded at only 17¢ at press time — has enticed two heavyweight players in the mining industry to sign option agreements on parts…
Eldorado Gold halts Greek ops as ministry revokes technical study
Haywood Securities analyst Kerry Smith says Greece’s energy minister Panos Skourletis was on a “fishing expedition” when he revoked the technical studies on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Skouries and Olympias…
Silver Wheaton posts strong Q2 results
Canadian streaming company Silver Wheaton (TSX: SLW; NYSE: SLW) posted record quarterly production of nearly 11 million equivalent oz. silver in the three months ended June 30, and for the first time ever, notched quarterly sales…
Patriot Gold offers ‘arbitrage opportunity’
With depressed commodity prices and shrinking valuations, sometimes it’s arbitrage opportunities that offer some of the more compelling investment opportunities.
Klondex blazes ahead, undeterred by low gold prices
Klondex Mines (TSX: KDX; US-OTC: KLNDF) has been a stellar performer despite the current bear market for gold stocks, with its share price steadily on the rise since the end of 2012.
Gold Fields spending US$24M exploring Salares Norte this year
The downturn in the mining industry isn’t generating many good news stories these days, but one exception is the promise of untold riches from an undeveloped high-grade gold deposit in the Chilean Andes.