TSX Venture falls alongside commodities, Apr. 8-12
VANCOUVER — The S&P TSX Venture Composite Index followed commodities downward during the Apr. 8-12 trading period, dropping 1.8% or 19.24 points en route to a 1,022.61 point weekly close.
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Falco finds gold in Horne’s old data
Falco Pacific Resource Group (FPC-V) secured a jewel of Canada’s mining history just as markets tightened. But rather than let the conditions get it down, the company wound up proving an old adage correct: necessity is indeed the mother…
Suriname approves new agreement with Iamgold
Early last month Iamgold (IMG-T, IAG-N) declared that it wanted to cut annual spending by $100 million through a combination of cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and administrative…
TSX drops as gold declines, April 8-12
It was a bumpy ride for the resource-heavy TSX during the April 8–12 trading week as the price of gold tumbled.
U.S. equities remain in positive territory despite falling commodity prices, Apr. 8-12
U.S. equity indexes rose for four days in a row with the Dow Jones Industrial Average and the S&P 500 posting new closing highs on Thursday Apr. 11. Stocks were driven higher by several bright spots in the economy. The Labor Department…
Rainy River hits feasibility milestone
Rainy River Resources’ (RR-T) president and CEO Raymond Threlkeld is touting the company’s Rainy River gold deposit in northwestern Ontario as a “low risk and very high return project.”
Bears slam gold price
Gold bugs have been taking a beating of late, and it just seems to be going from bad to worse. The gold price entered official bear territory, falling more than 20% from its peak, crashing through the psychological barrier of US$1,500 per oz….
New milestone for OceanaGold
Earlier this week OceanaGold (OCG-T, OGC-A) declared that the first concentrate from its Didipio open-pit mine in the Philippines was en route to Japan.
B2Gold hits gold in new zone at developing Otjikoto mine
VANCOUVER – With its list of gold mines having just climbed from two to three following the takeover of CGA Mining and with a fourth mine under construction, B2Gold (BTO-T) expects to be churning out more than half a million ounces of…
Capstone reports mixed results
Capstone Mining’s (CS-T) first quarter operating results were a bit of a mixed bag.
Silver Wheaton suffers collateral damage from Pascua-Lama delay
It wasn’t just Barrick Gold (ABX-T, ABX-N) and its shareholders that took it on the chin yesterday after news that construction on the Chilean side of the Pascua-Lama project had been suspended in response to environmental and regulatory…
Sandspring strengthens economics of Toroparu mine
VANCOUVER — Sandspring Resources’ (SSP-V) Toroparu gold project in Guyana is sporting strengthened economics after a prefeasibility study lowered anticipated capital costs and increased gold recoveries, compared to the previous plan.