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Volatility hits US stocks, Oct. 13-17

U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports. 



Cliffs Natural Resources'  Koolyanobbing iron ore mine in Australia. Credit:  Cliffs Natural Resources

Iron ore price collapse claims more victims

Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…




Allied Nevada Gold's Hycroft gold mine, 87 km west of Winnemucca, Nevada.  Credit: Allied Nevada Gold

Allied Nevada advances US$1.4B Hycroft plan

VANCOUVER — It’s been a tough year for producer Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) as it has moved through lower-grade areas at its flagship Hycroft mine, 87 km west of Winnemucca, Nev. The company is hoping an…


Trenching at Puma Exploration's Brunswick North gold-silver-lead-zinc project in New Brunswick. Credit: Puma Exploration

Puma on the prowl near historic Brunswick mine

Shares of Puma Exploration (TSXV: PUM; US-OTC: PUXPF) traded higher after the junior announced it  has acquired a 6.5 sq. km property with a newly discovered volcanogenic massive sulphide (VMS) zone just 6 km north of the No. 12 orebody at…



Enjoying zero gravity aboard a customized Boeing 727 in 2010, from left: McEwen Mining chairman Rob McEwen; filmmaker James Cameron; X Prize Foundation founder Peter Diamandis; high-tech billionaire Elon Musk; and Fox Filmed Entertainment chairman and CEO Jim Gianopulos. Credit: McEwen Mining

Rob McEwen defies gravity

Commercial flights to the edge of space on Virgin Galactic’s SpaceShipTwo are supposed to start in March 2015, after the company’s billionaire founder Richard Branson and his son Sam make the trip first.



Drillers at an Orbis Gold drill site in Burkina Faso. Credit: Orbis Gold

Semafo amends bid for Orbis Gold

Semafo (TSX: SMF) has amended its bid for 100% of Orbis Gold (ASX: OBS) to A$0.65 per share from its proposal on Oct. 12 of between A$0.62 and A$0.65 per share in a deal now worth A$163.9 million (US$143 million).


ICSG forecasts copper surplus in 2015

After five years in a row of deficits, the copper market should show a production surplus in 2015, according to The International Copper Study Group.


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