U.S. markets, Jan. 13-17
The story south of the border was a bit of a mixed bag as investors bought on positive earnings reports and rising industrial production, but sold on a decline in housing starts.
News
Toronto Stock Exchange, Jan. 13-17
Higher gold prices — up US$5.50 during the week to US$1,254.10 per oz. — helped lift the S&P/TSX Composite Index 1.02%, or 140.68 points, to 13,888.21. The S&P/TSX Global Gold Index climbed 6.67%, or 11.12 points, to 177.81;…
BC Liberals reaffirm province’s ‘mine-friendly’ image
VANCOUVER — It has been over two years since Christy Clark and the B.C. Liberals outlined a plan to make the province a national leader in job creation by 2015.
Seabridge expects a ‘big year’ at KSM
CEO Rudi Fronk says 2014 should be a big year for Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM gold–copper project in northwestern B.C.
Fortune poised to start construction at NICO
VANCOUVER — With one last permit to clear, Fortune Minerals (TSE: FT; US-OTC: FTMDF) is reaching the final pre-construction stages at its Nico gold–cobalt–bismuth project, 160 km northwest of Yellowknife. The next…
Copper Mountain starts 2014 on a high note
Copper Mountain Mining (TSX: CUM) has exited 2013 in high gear, with the December quarter marking the fifth consecutive quarter of production growth at its namesake copper–gold mine near Princeton, B.C.
NovaCopper prepares for a big year
NovaCopper (TSX: NCQ; NYSE-MKT: NCQ) will be coming out with an updated resource estimate for its Bornite carbonate-hosted copper deposit in northwestern Alaska before the end of March, and expects to kick off a prefeasibility study of Arctic,…
Tahoe crosses the production finish line at Escobal
VANCOUVER — Industry success stories have been hard to come by over the past few years, but mine developers like Tahoe Resources (TSX: THO; NYSE: TAHO) are proving that even tough markets can’t stand in the way of a strong…
Thompson Creek Metals on track
Thompson Creek Metals (TSX: TCM; NYSE: TC) is in the final stages of ramping up its Mt. Milligan mine in northern B.C., and it’s on track to reach commercial production in the first quarter of 2014.
Alcoa takes a US$2.3B hit
VANCOUVER — As 2014 gets underway, the first major miner to report its financials is getting its bad news out of the way.
El Nino wins arbitration in BC for Kasala copper project in DRC
For the last four years, El Nino Ventures (TSXV: ELN; US-OTC: ELNOF) has fought an increasingly bitter battle to keep its grip on Infinity Resources, a joint venture that owns the Kasala copper project in the Democratic Republic of the Congo.
Xmet grabs land around Zenyatta’s Albany graphite play
VANCOUVER — Several months ago, explorer Xmet (TSXV: XME; US-OTC: XMTTF) hit the brakes on its acquisition of the resource-stage Duquesne–Ottoman gold project from Clifton Star Resources (TSXV: CFO) due to tough market…