Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 4, 2013 Precious MetalsPrice…
News
Chile fines Barrick US$16M for violations
VANCOUVER — Chile’s environmental regulator has imposed its maximum fine on the world’s largest gold miner after a four-month investigation revealed Barrick Gold (ABX-T, ABX-N) committed “very serious” violations…
Atna sinks on Pinson review
Atna Resources (ATN-T) took a beating after notifying the market that it would reduce underground mining rates at its Pinson gold mine near Winnemucca, Nev.
Editorial: Great Bre-Xpectations of a payout dashed
Just how slow do the wheels of justice turn in Canada? It was only a week ago that there was a resolution of the class-action lawsuits stemming from the Bre-X Minerals gold fraud, which was exposed in March 1997, and vapourized $3 billion in…
Tahoe secures US$50 million credit facility
Chief executive Kevin McArthur of Tahoe Resources (THO-T, TAHO-N) says the company expects to start commissioning the mill at its Escobal silver project in Guatemala in the second half of this year and has received a US$50 million secured…
Roxgold advances Yaramoko
Pierre Vaillancourt of Macquarie Equities Research has initiated coverage of Roxgold (ROG-V) with an outperform rating and a 12-month target price of $1.50 per share—200% higher than its current trading price of 50¢.
SilverCrest bulks up Santa Elena
SilverCrest Mines (SVL-V, SVLC-X) has increased probable reserves of silver by 103% and of gold by 50% at its flagship Santa Elena mine, 150 km northeast of Hermosillo in Sonora, Mexico. Indicated resources of silver have grown by 127% and gold…
TSX Venture Exchange, May 20-24
The S&P/TSX Venture Composite Index inched upwards in the four-day week following the Victoria Day long weekend, adding 13.64 points, or 1.5%, to end at 948.32. Trading volumes for the period were down, averaging 53.5 million trades per…
Geoscience BC lures stakers to North Vancouver Island
In an effort to spur mineral exploration and economic development, Geoscience BC and the Island Coastal Economic Trust (ICET) have released the results of a regional geochemical sampling and reanalysis program conducted on North Vancouver…
Nevsun optimistic about new zone near Bisha
VANCOUVER — Drills probing the Northwest zone, a satellite zone 1.2 km from Nevsun Resources’ (NSU-T, NSU-N) operating Bisha gold mine in Eritrea, are finding high-grade gold, copper and zinc — just not all in the same place.
Editorial: HD on its feet after a tumble
Another chapter closed in the HD Mining International saga, with HD celebrating a win in the federal courts against two B.C. unions who had tried to thwart the junior developer’s efforts to import Chinese workers to take a bulk…
Kootenay adds gold to Promontorio resource
VANCOUVER — Kootenay Silver (KTN-V) always knew there was gold alongside the silver at its flagship Promontorio project in Sonora, Mexico, but without proof the gold was economically recoverable, the company had to exclude the yellow…