Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 24, 2013Precious MetalsPrice…
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TSX Venture Exchange, Sept. 16-20
The S&P/TSX Venture Composite Index saw little movement during the trading sessions, dropping 4.6 points before closing out the week at 946.10. The Venture was affected after gold and crude oil futures struggled in early trading before…
Exeter downsizes Caspiche to cut costs
Exeter Resource (TSX: XRC) is considering building a smaller-scale operation at its Caspiche gold-copper project in Chile’s famed Maricunga gold belt to lower start-up costs compared to developing a super pit that was proposed in its…
SilverCrest’s drilling success at Santa Elena
VANCOUVER — Following a successful second quarter, producer SilverCrest Mines (TSXV: SVL; NYSE-MKT: SVLC) had more good news for investors in the form of drill results from its flagship Santa Elena silver-gold mine in Sonora, Mexico. The…
PNG Gold hits high grade
VANCOUVER — Every time drills probe the main Imwauna vein system at PNG Gold’s (TSXV: PGK; US-OTC: ISRJF) Normanby project in Papua New Guinea, they return high-grade gold from a steeply dipping structure that is narrow but easy to…
Detour Lake drilling yields new gold structure
VANCOUVER — Ontario-focused miner Detour Gold (TSX: DGC; US-OTC: DRGDF) pleasantly surprised markets in August when it reached commercial production ahead of schedule at its wholly owned Detour Lake gold mine, which lies 185 km northeast…
Monument forges ahead in Malaysia
VANCOUVER — It has been three years since Vancouver-based junior Monument Mining (TSXV: MMY) started production at its Selinsing gold mine at Bukit Selinsing Koyan, 65 km north of Raub, Malaysia. And the company is showing no signs of…
B2Gold brings its operational prowess to Masbate
VANCOUVER — The Philippines may not top any list of mining-friendly jurisdictions, but that hasn’t deterred geographically diversified Canadian miner B2Gold (TSX: BTO; NYSE-MKT: BTG) at its recently acquired Masbate gold mine,…
New Dawn shuts Dalny mine in troubled Zimbabwe
Lower gold prices, operational problems and a two-year delay in approving its indigenization plan has resulted in a “serious liquidity problem” and the closure of its majority owned Dalny mine in Zimbabwe, New Dawn Mining (TSX: ND)…
JV’s phantom board haunts St. Augustine in the Philippines
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges — a lesson St. Augustine Gold & Copper (TSX: SAU; US-OTC: RTLGF) is learning all too well at…
San Gold secures Rice Lake’s long-term prospects
San Gold (TSX: SGR; US-OTC: SGRCF) has bolstered the long-term outlook for its Rice Lake gold mine in Manitoba by securing a key — and hard-won — permit for its tailings pond.
Gabriel takes one step forward, two steps back
Just when Gabriel Resources (TSX: GBU; US-OTC: GBRRF) looked to be getting new traction on developing the Rosia Montana gold mine in Romania, a spate of protests appears to have turned the country’s prime minister against the project.