Franco-Nevada hikes dividend despite losses
Franco-Nevada (TSX: FNV; NYSE: FNV) isn’t letting paper losses get in the way of pushing cash back to investors.
News
TSX moves higher on jobs data, March 31-April 4
Strong jobs data in Canada helped lift the S&P/TSX Composite Index by 0.93% to 14,393.10. The unemployment rate in March dropped for the first time this year, falling to 6.9%, as the economy added 42,900 jobs. The majority of the new jobs…
TSX Venture snaps losing streak, March 31-April 4
The S&P/TSX Venture Composite Index bounced back during the trading sessions after seven days in the red, as it closed up 1.8%, or 17.41 points, en route to a 1,007.16-point weekly close. Markets were buoyed by rising precious metal prices,…
Holcim-Lafarge merger stirs cement market
While mega-mergers have faded from view in the mining industry, the global cement industry showed in early April that it’s still capable of serving up a doozy: a friendly, all-share merger of Switzerland’s Holcim and Paris-based…
Rio Tinto gives its Northern Dynasty stake to Alaskan charities
In yet another apparent setback for Northern Dynasty Minerals (TSX: MDM; NYSE-MKT: NAK) and its controversial Pebble copper-gold-molybdenum project in Alaska, Rio Tinto (NYSE: RIO; LSE: RIO) is giving its 19.1% stake in the company to two local…
HSBC’s bullish bias on platinum
Strikes at South Africa’s three largest platinum producers, robust global demand from the auto sector, and strong jewelry demand in China, will push the average price of platinum this year to US$1,595 per oz., James Steel and Howard Wen of HSBC…
Short Position Report
Short positions outstanding at Mar. 31/14 (with changes from Mar. 15/14).
CB Gold outlines small gold-silver resource at Vetas
It’s been a tumultuous six months for Colombia-focused explorer CB Gold (TSX: CBJ; US-OTC: CBHDF) and its Vetas gold project 325 km due northeast of Bogotá. The company saw former president and director Giles Baynham depart in late…
Bullman Minerals completes first resource in Guinea
Bullman Minerals (TSXV: FUL) believes it’s off to a good start in West Africa where it has two projects on the Birimian Gold Belt in northeastern Guinea.
Venture loses ground, March 24-28
The rally that has carried the S&P/TSX Venture Composite Index for most of 2014 took a breather in the last week of March. Instead, the index saw double-digit losses in three out of five days to end the week at 989.75, down 45.01 points,…
Editorial: Barrick rejigs exec pay
Businessman and Bay Street veteran Peter Crossgrove, the one-time Placer Dome CEO and long-time Barrick Gold director, published his memoirs last year, and it makes for some lively and insightful reading, especially in light of Barrick’s…
Gold miners weigh on TSX, March 24-28
Weaker gold prices and slumping tech stocks outweighed signs of an improving economy south of the border, and the S&P/TSX Composite Index fell 100 points to 14,178.84 points for the period.