Shares of Balmoral Resources (BAR-V, BALMF-O) surged nearly 40% in the three trading days after the junior explorer reported results on Aug. 16 from its summer drill program at its flagship Martiniere property in Quebec.
VANCOUVER — In a highly-anticipated move, base-metal producer Inmet Mining (IMN-T) has closed a financing deal with streaming company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion in a bid to cover a funding shortfall at its…
Technical and infrastructure challenges at Great Basin Gold’s (GBG-T, GBG-N) two principal projects hammered its revenues in the second quarter and the company says it faces a near-term liquidity crisis. A strategic review has been…
VANCOUVER — The S&P TSX Venture Composite Index rallied to its highest level since early July during the August 13 to 17 period, rising 42 points or 3.6% en route to 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to…
The S&P/TSX Composite Index jumped 199 points or 1.7% during the Aug. 13-17 trading week to close at 12,089.89.
The Dow Jones Industrial Average and the S&P 500 posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supported the European Central Bank’s efforts to fight debt, and…
In an exploration update, Premier Gold Mines (PG-T, PIRGF-O) says it continues to intersect and expand on several horizons at its Trans-Canada gold project in northwestern Ontario, while hitting multiple high-grade intercepts. A bulk of the…
Colt Resources (GTP-V, COLTF-O) has lofty plans to bring the next gold and tungsten mines to Portugal, a country perhaps best known for its fortified wines. The junior’s motto is “A gold company created by investors for…
Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million all-stock deal to increase its foothold in West Africa, and expand its annual production to over 450,000 oz. gold in 2015. Endeavour will provide a US$20-million loan to…
When equity and debt markets freeze up, cash-hungry mine developers are forced to find alternate financing options. And that means business is looking good for those in the precious metal streaming and royalty game.Big-time players like Royal…
In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore igniting a true…
It may not be the best time to be in the molybdenum business, as aspiring U.S.-based producer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, in the face of weakening…
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