Toronto Stock Exchange, Aug. 19-23
The S&P/TSX Composite Index was up 46 points to 12,762.30 for the period, with gold miners supporting the index’s strength.
News
U.S. markets, Aug. 19-23
Poor housing data in the U.S. showed sales of new single-family homes fell in July to a nine-month low, which fuelled debate over the status of the Federal Reserve’s stimulus program. Mounting tension over Syria created more uncertainty….
African Barrick latest to cut ties with CEO
With relatively new CEOs in place at Kinross Gold (TSX: K; NYSE: KGC), Newmont Mining (TSX: NMC; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: ABX), it was perhaps only a matter of time before one of the poorest…
Feds flag funds for Yukon mining innovation centre
VANCOUVER — The federal government is hoping it can generate jobs and ease a skilled labour shortage in the Yukon’s mining industry with a $5.6-million investment that will fund the creation of a new Centre for Northern Innovation…
Golden assays keep True Gold’s drills turning at Karma
VANCOUVER — With promising drill results and money in the bank, True Gold Mining (TSXV: TGM; US-OTC: RVREF) keeps adding to the drill program at its Karma project in Burkina Faso.
Excellon hurt by lower silver prices
Excellon Resources (TSX: EXN; US-OTC: EXLLF) is another junior miner hit by the recent downward trend in metal prices. It booked a second-quarter net loss of $5 million, or 9¢ per share, compared to a $478,000 profit, or 1¢ per share,…
Kootenay drives Promontorio to new heights
While investment in silver juniors has been sluggish for most of the year, Kootenay Silver (TSXV: KTN; US-OTC: COOYF) isn’t letting the malaise slow it down.
Investment commentary: Searching for value amidst a wave of writedowns, pt. 2
Last week we looked at an opportunity that may have opened up with the recent writedowns taken by senior gold producers.
Turquoise Hill posts Q2, updates Oyu Tolgoi
Speaking on a conference call in mid-August from Ulaanbaatar, CEO Kay Priestly of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) confirmed that development of the Oyu Tolgoi underground copper-gold mine was being delayed until matters including…
Iamgold marches forward as cost cuts continue
Despite posting a second-quarter loss of US$28.4 million compared to a US$52.9-million profit a year ago, Iamgold (TSX: IMG; NYSE: IAG) says its operations are performing as expected, as it reins in spending amid declining quarterly revenues,…
AuRico’s Q2 hits the mark
AuRico Gold (TSX: AUQ; NYSE: AUQ) has met second-quarter earnings expectations after adjusting for US$105 million in non-cash charges, mostly related to its El Chanate gold mine in Mexico.
TSX and TSX Venture Exchange warrants
The following are the mining-related warrants now trading on the Toronto Stock Exchange and the TSX Venture Exchange: