TSX Venture bounces back, Aug. 24-28
VANCOUVER — The S&P TSX Venture Composite Index rallied amidst a general market recovery during the Aug. 24-28 trading period, as it jumped nearly 3.4%, or 18.15 points, en route to a 555.67 point close.
Canada
TSX Venture plummets, Aug. 17-21
The S&P TSX Venture Composite Index hovered near historic lows during the Aug. 17-21 trading sessions, as it lost 6.2% or 35.69 points en route to a 537.52 point weekly close. Crude oil futures sat close to a six-year low, while the U.S….
Ex-gold explorer dives into Select Sands
Select Sands’ (TSXV: SNS; OTC: CLICF) president and CEO Rasool Mohammad has chosen silica “frac” sand over gold, and hopes his bet will pay off with success at the junior’s frac sand Sandtown property in Arkansas, where…
BAPE report advises against uranium mining in Quebec
The future of Quebec’s uranium industry remains up in the air, after the province’s environmental agency released a report concluding it would be “inappropriate” to allow uranium development — at least for now.
TSX Venture declines, Aug. 10-14
The S&P/TSX Venture Composite struggled late in the week despite a jump in gold futures, as it dropped 3.39 points en route to a 573.21-point close. Energy and base metal futures finished in the red, and the Chinese currency devaluation…
Canadian Natural Resources hit by NDP tax hike
VANCOUVER — Diversified energy producer Canadian Natural Resources (TSX: CNQ) took a loss during the second quarter after a corporate tax increase in Alberta, and it isn’t the only outfit in the oil and gas space feeling the…
Lake Shore takes big stake in IDM
VANCOUVER — IDM Mining (TSX: IDM; US-OTC: RVRCF) has taken a step toward production at its Red Mountain gold project — located 15 km northeast of Stewart, B.C. — after cleaning up its balance sheet and closing a private…
Vale green-lights underground mine at Voisey’s Bay
The natural resources industry of Newfoundland and Labrador — beaten down as it is by the steep decline in iron ore and oil prices — has received a most welcome board-level confirmation from Vale that it will indeed pursue…
First Mining searches for the ‘sweet spot’
Newly listed First Mining Finance (TSXV: FF; US-OTC: FFMGF) is on a mission to secure quality assets at cheap prices.
New Gold inks Rainy River deal with Royal Gold
VANCOUVER — Canadian producer New Gold (TSX: NGD; NYSE-MKT: NGD) appears to have filled a funding gap at its Rainy River gold mine under construction 65 km northwest of Fort Frances, Ont., with a US$175-million streaming deal with…
BMO sees ‘better times ahead’ for Primero Mining
VANCOUVER — Primero Mining (TSX: P; NYSE: PPP) is a favoured mid-tier gold producer amongst analysts, and it isn’t hard to see why after a strong second quarter, marked by competitive operating costs and signs of…
Brazil Resources to buy Whistler project in Alaska
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 has been “to take advantage…