Major gold miners on an uptick
As fresh sovereign debt crises unfold and fears mount over a possible second recession, investors continue to look to gold as a leading safe-haven investment.
Canada
New 52-week high for New Gold
New Gold (NGT-T, NGD-X) touched a new 52-week high, a day after posting strong drill results from its Blackwater gold project in central British Columbia.
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…
Venture drops sharply Aug. 2-5
Junior explorers listed on the S&P TSX Venture Exchange fell sharply in the lead-up to the last-minute agreement by American politicians to raise the United States’ debt ceiling, with the index closing down 167.36 points or 9.1% over the…
What’s not to like about Hathor?
Mike Gunning likes the fact that he can get from his desk in downtown Vancouver to within just a few kilometres of Hathor Exploration’s (HAT-T) flagship Roughrider uranium deposit in northern Saskatchewan by booking a commercial flight…
Commentary: What you need to know about changes to NI 43-101
Canada is the home to the majority of the world’s public mining companies, and the majority of mining company financings are completed in Canada. As a result, Canada has one of the most developed regulatory systems for mining companies, and its…
Metallurgical breakthrough lifts Hard Creek’s Turnagain
“There’s a lot of moose pasture up here,” Mark Jarvis, president and CEO of Hard Creek Nickel (HNC-T), jokes while looking out at the gently rolling hills littered with pines aboard a short flight to the company’s Turnagain nickel project in…
Barclays Capital weighs in on base metals
Commodities research analysts at Barclays Capital believe lead prices will rise in the final months of the year, are most bullish on copper and tin for next year, and have revised their 2012 price forecasts for nickel and zinc.
Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Gold Canyon thinks it has found a starter pit at Springpole
Gold Canyon Resources (GCU-V) has pulled in more stellar drill results at its Springpole gold project. And this time they come from a less heralded part of the property. While Springpole – which is in the Red Lake district of northwestern…