News

Traders closed out the period ending Nov. 2 with some anxiety as Americans went to the polls to elect a new president following a closely contested race. Goosed by a near 10% drop in crude oil prices, the Dow Jones Industrial Index shot up 147.33…

Election day jitters south of the border sent gold US$7.20 per oz. lower to US$419.70 per oz. in New York on the first Tuesday in November. The one-day drop pushed the yellow metal US$8.55 lower over the Oct. 27-Nov. 2 report period, and the rest…

During the Oct. 27-Nov. 2 report period, TSX Venture Exchange-listed companies traded lower as a group as the gold price lost ground, owing to a strengthening U.S. dollar. The S&P-TSX Venture Exchange index was down 54.38 points, or some 3%, durin…

As part of its 3-pronged defence plan against Harmony Gold‘s (HMY-N) unwanted advances, Gold Fields (GF-N) has petitioned South Africa’s High Court to declare its smaller rival’s unsolicited takeover bid unlaw…

Newmont Mining (NEM-N) increased net income in the third quarter by US$14.3 million, compared with the corresponding period last year.

Higher uranium prices have rekindled interest in the Athabasca Basin of northern Saskatchewan. Among the companies stepping up their efforts in the region is Denison Mines (DEN-T), which has signed two deals to earn interests in…

Newmont Mining (NEM-N) has optioned Miranda Gold‘s (MAD-V) Red Canyon property in Nevada’s Battle Mountain-Cortez trend.