Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Volume 99 Number 31 Sep 16 - 22, 2013
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 3, 2013 Precious MetalsPrice…
The Abitibi belt keeps giving
VANCOUVER — Only a true world-class gold camp reveals new ounces when a sector-wide downturn has quieted so many drills. As such, two estimates offering resource ounces is a good reminder that the Abitibi greenstone belt is one such camp.
Commentary: Reward potential still lives in ‘market wasteland’
After two years of pain for resource stock investors, there is a little bit of relief in sight. Gold has moved almost 20% off its late June low, and trading volumes and interest in resource explorers have increased. That’s good, but the…
Editorial: It’s ‘Tony Time’ Down Under
The election win of the business-friendly, Liberal Party-led coalition in Australia has given a lift to miners in the country, as incoming Prime Minister Tony Abbott — the country’s third prime minister in three months — has…
TSX Venture Exchange, Sept. 3-6
The S&P/TSX Venture Composite Index returned to positive territory during the shortened trading week. It registered a gain of 1.7%, or 15.6 points, and closed at 954.92 points — its highest valuation since early July. Markets…
Commentary: Executive compensation and M&A: When you’re the buyer
Rising costs, lower prices and market skepticism have led to a decrease in mergers and acquisitions (M&A) throughout the mining sector, but economic circumstances may force a number of mining companies to sell off their companies and/or…
Toronto Stock Exchange, Sept. 3-6
The S&P/TSX Composite Index was up 24 points to 12,820.92 for the holiday-shortened period, as the resource sector held on to recent gains.
U.S. markets, Sept. 3-6
Jobs data in the U.S. showing that employers hired fewer workers than expected in August and that fewer Americans were looking for work raised hopes that the Federal Reserve would not trim its massive stimulus program when it meets on Sept. 17,…
Energy Fuels aims to be a force in US uranium
Uranium miner Energy Fuels (TSX: EFR; NASDAQ: CLNE) has provided a market update after acquiring Strathmore Minerals by way of a plan of arrangement — a move that shareholders of both companies applauded.
Chinese coal producer makes move on Australia’s Inova Resources
Shanxi Donghui — a privately held coal and chemical producer founded by two wealthy Chinese brothers based in China’s Shanxi province — has launched a US$145-million, all-cash takeover bid for Inova Resources (TSX: IVA; ASX:…
Matamec drops on feasibility study
Matamec Explorations (TSXV: MAT; US-OTC: MHREF) took a hit after the Montreal-based explorer published a feasibility study for its Kipawa joint-venture heavy rare earth elements project near Rouyn-Noranda, Que. Its shares dropped 33%, or…