TSX Venture takes a tumble, Nov. 12-16
VANCOUVER — The S&P TSX Venture Composite Index declined in tandem with broader market sentiment during the Nov. 12-16 trading sessions, falling 5% or 65 points before closing the week at 1,235.34 points.
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TSX falls as global situation weighs on investors
The TSX Composite Index fell 342 points to 11,877.72 in the Nov. 12-16 period as investors continued to focus on a series of tough global issues.
U.S. markets tremble, Nov. 12-16
Mounting concern about Washington’s ability to avoid the fiscal cliff, or mandated tax hikes and spending cuts that could send the economy back into recession, drove markets lower. The Dow Jones Industrial Index fell 1.8% or 227.08 points…
Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit thanks to lower gold production and sales.
Editorial: When Harry met Ekati
This week’s long-anticipated, US$500-million sale by BHP Billiton of its 80% stake in the Ekati diamond mine in the Northwest Territories and its remaining worldwide diamond assets to Harry Winston Diamond marks another epochal change in…
Roskill: Turbulence in store for iron ore
London-based resource market analyst Roskill Information Services predicts continued volatility in the iron ore market to 2020, based on the findings of its recent report entitled: Iron Ore: Market Outlook to 2020 (7th ed.).
Centamin battles legal challenge from Egyptian court
Gold miner Centamin (CEE-T, CEY-L) has run into legal problems at its flagship Sukari operation near the Red Sea in southeastern Egypt.
Fordia takes the Grand Prix
Quebec-based, diamond-drilling equipment manufacturer Fordia has been recognized by the Quebec Society for Quality (QSQ), a professional standards organization.
SGS expands in the UK, Colombia
Global metallurgical services provider SGS is expanding its operations across the globe.
Fasken Martineau merges with Bell Dewar
Canadian law firm Fasken Martineau is merging with Johannesburg-based Bell Dewar.
Magellan’s bright outlook at Coringa
Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) of its Coringa gold deposit in Brazil’s Tapajos province. It concludes that strong economics justify moving the project to the feasibility stage, with a…
Paladin wields the axe
Pure-play uranium miner Paladin Energy (PDN-T) has unveiled a plan it says will trim costs by US$60 million to US$80 million over the next two years.