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.
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US stock indexes fall, Sept. 14-18
The U.S. Federal Reserve’s decision to keep interest rates near zero heightened worries about how weak global economic growth would affect U.S. corporate earnings. Fed Chair Janet Yellen said the impact of the global economic slowdown on…
TSX Venture closes in the green, Sept. 14-18
The S&P/TSX Venture Composite Index had a bumpy ride, but gained 2.71 points en route to a 549.91-point close.
Sherritt scraps dividend, moves to protect liquidity
David Pathe, president and CEO of Sherritt International (TSX: S), did not mince words when he said the company needed to take action to protect its balance sheet so that it could withstand lower commodity prices, with “more than 60% of…
Letter to the editor: PM Harper at the PDAC
Stephen Harper is the only Canadian prime minister to ever attend the annual Prospectors & Developers Association of Canada convention in Toronto. As a show of respect on election day Oct. 19, he’ll have my vote.
Letter to the editor: Rick Rule’s ‘ridiculous construct’
I find Mr. Rule’s comments about junior resource companies to be incredibly frustrating and unhelpful (“Interview: Market insights from Sprott’s Rick Rule,” T.N.M., Aug. 31–Sept. 6/15). It’s easy to call for the wiping…
Wenco wins work at Siberian gold mine
Polyus Gold (LSE: POLG) has tapped Wenco International Mining Systems to provide high-precision guidance for shovels and drills at its Blagodatnoye gold mine in eastern Siberia. The technology will be installed by the end of 2015.
LatAm miners unhappy with costs, survey says
Latin American miners gave low grades to equipment manufacturers in a recent survey by data and intelligence firm Timetric.
Galaxy Broadband, Spectrum Telecom link up in northern Ontario
Galaxy Broadband has announced that Spectrum Telecom will represent the enterprise telecommunications provider in northern Ontario.
Treasury Metals upgrades Goliath resource
Ahead of a feasibility study due before year-end, Treasury Metals (TSX: TML; US-OTC: TSRMF) has increased by 44% the measured and indicated resources of its Goliath gold project near Dryden in northern Ontario.
Detour Gold surmounting weak gold prices, CEO says
VANCOUVER — Detour Gold (TSX: DGC; US-OTC: DRGDF) is picking up momentum at its Detour Lake gold mine, 300 km northeast of Timmins, as the company anticipates first-ever positive cash flows since the operation reached commercial…
Editorial: Political risk never far in Guatemala
As miners active in Guatemala sit on the sidelines with furrowed brows, Guatemala has been embroiled in a political turmoil stoked by an anti-corruption drive that has led to the arrest of President Otto Perez Molina and the rise of a genial…