Wall Street closed mixed ahead of the Memorial Day holiday, as the Federal Reserve said it would likely raise interest rates this year, if the economy continued to improve. The Dow Jones Industrial Average dipped 0.2% to 18,232.02, while the…
First Quantum Minerals (TSX: FM; US-OTC: FQVLF) plans to raise US$1.4 billion through a public offering — increasing the company’s outstanding shares to 689 million.
Belo Sun Mining (TSX: BSX; US-OTC: VNNHF) got a welcome boost after Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said it would buy a 17.4% interest in the junior for $15 million.
The Society for Mining, Metallurgy & Exploration Foundation’s (SMEF) Miners Give Back program is collaborating with Engineers Without Borders USA (EWB) in awarding its first US$5,000 grant to support a water system expansion project…
Endeavour Silver (TSX: EDR; NYSE: EXK) has swung back into profit after a disappointing fourth quarter, due to lower costs at all three of its silver-gold underground mines in Mexico.
VANCOUVER — MAG Silver (TSX: MAG; NYSE-MKT: MVG) and 56% joint-venture partner Fresnillo (LSE: FRES; US-OTC: FNLPF), have intersected wide intervals of high-grade silver mineralization beneath the existing resource at their Juanicipio…
U.S. equities fell after being tripped up by soft economic data. The Dow Jones Industrial Average lost 56.08 points to 18,024.06, and the S&P 500 Index slipped 9.4 points to 2,108.29. The Nasdaq retreated 86.69 points to…
Copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) widens its loss in the first quarter of 2015 due to impairments at the Pinto Valley mine in Arizona and the Minto mine in the Yukon.
Two recent lawsuits brought in B.C. by foreign plaintiffs against two Canadian mining companies for alleged human rights abuses abroad have raised the stakes for mining projects in foreign jurisdictions.
U.S. equities swung back into the positive territory. The Dow Jones Industrial Average increased 1.4% to 18,080.14 points and the S&P 500 Index added 1.8% to 2,117.69. The Nasdaq rose 3.2% to 5,092.08. The gold price, however, fell US$15.30…
Canada’s benchmark index fell on renewed concern over Greece’s debt and China’s new trading regulations. The S&P/TSX Composite Index slipped 28 points, or 0.2%, to 15,360.55, while the S&P/TSX Capped Diversified Metals…
On April 7 armed robbers stole 900 kilograms of gold-rich concentrate containing 7,000 oz. gold from McEwen Mining’s (TSX: MUX; NYSE: MUX) El Gallo 1 mine in Sinaloa, Mexico. At US$1,200 per oz. gold, the thieves made off with over…
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