VANCOUVER — For US$438 million, Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year-end.
North American Palladium (PDL-T, PAL-X), or NAP for short, has done some spring cleaning, selling its non-core gold division to Maudore Minerals (MAO-V) one day after appointing a new CEO to oversee the expansion of its prized Lac des…
VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Spot pricesCourtesy of ScotiabankTuesday, April 2, 2013 Precious MetalsPrice…
Gold is a wonderful symbol of indestructible beauty, but all kinds of gold investment strategies have been going down in flames this year.
Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and has acted in a number of proxy battles on behalf of both activist shareholders and target companies. Last year Davies represented Bill Ackman and his hedge fund…
Midway Gold (MDW-V, MDW-X) is closer now to production than ever, with the Nevada state government handing the company the water pollution control permit needed for its Pan Gold project.
The TSX gave away what it gained for investors so far this year, as the S&P/TSX Composite Index dropped 420 points to close at 12,331.85 for the period.
The S&P/TSX Venture Exchange was not spared in the storm that tore through world markets, managing only one positive day, which wasn’t enough to repair the damage: the index ended the week down 57.2 points, or 5%, at 1,041.85. The…
The S&P 500 Index hit an all-time closing high early in the trading week at 1,570.25 points, but disappointing jobs data released on April 5 sent the index down 1% for the week to 1,553.28. The Dow Jones Industrial Average closed down 0.10%…
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