A day after Goldcorp (G-T, GG-N) cut its 2012 production guidance, the company saw its share price take a hit.In Toronto on July 11, Goldcorp shares approached a 52-week low of $32.52. They fell $3.74, or 10% to $33.89, on 6.1 million shares…
NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest potential gold…
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…
Frustrated resource investors are resorting to proxy battles as share prices languish, with Maudore Minerals (MAO-V) and Roxgold (ROG-V) only two of the latest juniors to see shareholder revolts. The two have ample company, as investors blame…
Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…
Montreal-based gold producer Semafo (SMF-T) found out how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 km west of Ouagadougou, Burkina Faso. Originally expected early…
Life is full of ebbs and flows, expansions and contractions, and the mining industry is part of that cyclical stream. Right now Canada’s intrepid mining industry and its breathtaking, optimism-fuelled expansion into most of the…
The British Columbia Securities Commission has raised concerns about a 10.6-million-oz. gold resource estimate that Barkerville Gold Mines (BGM-V) released on June 28.The concerns, based on a draft technical report supplied to the BCSC,…
Spanish coal miners protested their industry’s “disappearance” at the Ministry of Industry in Madrid after a month-long, almost 500-km Marcha Negra, or “Black March.” The march was initiated on foot by 80 miners…
The S&P/TSX Composite Index rallied late in the period but finished lower than where it began, shedding 145 points to 11,514.53. After a six-day losing streak the index rebounded on July 13 owing to speculation that China would stimulate…
After enjoying a brief early week rally during the trading period, The S&P/TSX Venture Composite Index pared gains, closing down 2%, or 24.4 points, at 1,184.25. Uncertainty surrounding the eurozone crisis and weak jobs data in the U.S….
The S&P 500 and Dow Jones Industrial Average erased losses for the week in the last hour of trading as better-than-expected economic data from China lifted investor sentiment. The country clocked year-on-year growth of 7.6% during the…
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