TSX Venture finishes 2015 in the green, Dec. 23-31
The S&P/TSX Venture Composite Index finished the year with a late rally owing to rising energy and base metal futures, as it gained 4.7%, or 23.62 points, en route to a 525.66-point close.
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US stocks stay afloat, Dec. 23-31
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual…
Top gold performers in 2015
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….
Almaden has new strategy at Ixtaca after mill agreement
VANCOUVER — It’s been a busy 12 months for Almaden Minerals (TSX: AMM; NYSE-MKT: AAU), and it wrapped up the year with an option agreement for mill infrastructure that will drop development capital requirements at its Ixtaca…
TSX Venture remains near all-time lows, Dec. 18-22
The S&P/TSX Venture Composite Index sits near the lowest point in its history, despite posting marginal gains during trading, as it jumped 3.83 points, en route to a 502.04-point weekly close. In global economic news, China’s…
US equity indexes slip, Dec. 18-22
The U.S. Commerce Department reported gross domestic product grew at a 2% annual pace in the third quarter, while U.S. home resales for the month of November posted their steepest decline in five years. Prices for Brent crude for February…
TSX posts small gains, Dec. 18-22
The Toronto stock market ended in positive territory, with the S&P/TSX Composite Index gaining 0.5% to close at 13,082.86. The S&P/TSX Global Mining Index climbed 4.5% to 43.70, while the S&P/TSX Capped Diversified Metals &…
Commentary: Thank you De Beers, for doing the unthinkable
De Beers deserves a huge thank you from northerners for doing what many might believe is the unthinkable. Let me be the first to say it: “Thank you De Beers for Snap Lake.”
Site visit: Alexco finds silver lining at Keno with Flame & Moth
KENO CITY, YUKON — There’s a wealth of history in the Yukon’s Keno Hill mining district, and Alexco Resource (TSX: AXR; NYSE-MKT: AXU) is out to prove there’s a lot of silver left to discover across its large land…
Letter to the Editor: On boutique broker dealers and market-cap cut-offs
Adding to Stephen Masson’s commentary, “How to revive exploration in Manitoba,” (T.N.M., Dec. 28, 2015–Jan. 3, 2016), I believe the loss of the boutique broker dealers that once supported our junior market has been an…
Vancouver mining community gives back
The mining community came together on Dec. 16 to support local families in need during the 11th Annual Toy Drive in Vancouver.
Short-term challenges remain for diamond sector
The long-term outlook for the diamond market is positive — with demand expected to outpace supply starting in 2019 — but in the short-term, the outlook remains challenging, the Antwerp World Diamond Centre and Bain & Co. state…