Banks Island looks at Red Mountain’s short-term potential
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
News
Kinross grapples with Tasiast
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
SMI can’t touch the copper-gold pie at Tampakan
On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…
Market News
Toronto Stock Exchange
TSX Venture Exchange
The S&P/TSX Venture Composite Index was virtually unchanged in the period, ending up a little over a point at 1,292.93. Volume also saw little change in-line with recent weeks, at a daily average of 69 million shares traded.Aurcana was the…
US Markets
U.S. equities rallied late in the trading week as markets anticipated that Spain would ask eurozone deputy finance ministers for a bailout for its troubled banks, which it did over the weekend. The Dow Jones Industrial Average and the S&P…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Lion One’s defining year in Fiji’s gold fields
While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year.Such bullishness can be attributed to the company’s enviable position…
Selwyn reduces project scope as capital costs soar in the Yukon
High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Selwyn lead-zinc underground mine in the Yukon as its tries to make the project affordable.The company, which is developing the Selwyn…
Sabina’s PEA paints a rosy picture at Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
Centamin’s upgrades a ray of sunshine at Sukari
Shareholders of Egypt-focused gold miner Centamin (CEE-T) have gotten a welcome bit of good news with the the company releasing an upgraded open-pit plan for its flagship Sukari gold mine in southeastern Egypt, some 700 km south of Cairo near…
Editorial: Gold pivots on Wisconsin vote
The first week of June was a watershed moment in U.S. politics that will likely spill over into how the greenback and gold are valued. On June 5, public-sector unions suffered a major defeat at the ballot box in lefty Wisconsin, of all places…