VANCOUVER – A new resource estimate outlining a higher-grade starter zone has put the Freegold Mountain project in prime position as owner Northern Freegold Resources (NFR-V) finalizes the project’s first economic assessment.
Toronto’s main index rose during the trading week amid strong jobs data.
The S&P/TSX Venture Composite Index started off the new year with a 26.38-point, or 2.2%, gain following four days of trading that culminated in a 1,228.22-point weekly close on Jan. 4.
The benchmark S&P 500 Index reached its highest close since December 2007 during the holiday-shortened trading week, which saw politicians strike a deal to avert the fiscal cliff, while data from the Institute for Supply Management…
Barrick Gold (ABX-T, ABX-N) has ended talks with China National Gold regarding the potential sale of its 74% interest in African Barrick Gold (ABG-L), putting off hopes that the major could distance itself from its…
Talk of coal usually focuses on the thermal variety — the lower-carbon black rock burned in generators to produce electricity — to the neglect of the higher-quality variety used in steelmaking. The focus makes sense: the world…
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada at the end of 2012 for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported in the new year.
Candente Copper (DNT-T) has resumed exploration and feasibility drilling this new year on its Canariaco copper-silver-gold project in northern Peru, sending its shares soaring.
Spot pricesCourtesy of ScotiabankTuesday, January 8, 2013Precious MetalsPrice…
Superior Copper (SPC-V) is hoping to find a new mine beside an old one as it gears up for another round of drilling on its flagship Batchawana copper property.
Miners shed more non-core assets in the new year to help free-up capital, with Anglo American (AAL-L, AAUKY-Q) and Cliffs Natural Resources (CLF-N) selling their stakes in the Amapa iron ore operation in northern Brazil.
A decade ago gold was worth less than US$300 per oz., and gold producers were desperate to attract investors. One method they developed was to report gold-production costs using a minimalist metric, making their potential for profit seem larger.
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