News

U.S. stock markets made a modest gain during the report period Aug. 12-24, with the Dow Jones Industrial Average rising 1.6% to 10,098.63 points and the S&P 500 index up 1.9% at 1,096.19.

The latest diamond drill results from partners International Uranium (IUC-T) and JNR Resources (JNN-V) at the Moore Lake uranium project in Saskatchewan include the best-ever intersection.

Noranda (NRD-T) is comfortably back in the black with second-quarter earnings of US$107 million, compared with a loss of $10 million for the corresponding quarter of last year.

The report period Aug. 12-24, saw the price of gold rise US$12.35 per oz. to finish at US$406.20 in the afternoon in London on Aug. 24. Gold fell more than US$4 on the final day of trading. The gold index was up 12 points to close at 193.61, and t…

Golden Star Resources (GSC-T) will not extend its bid for Iamgold (img-t), in the face of a competing, US$2.1-billion deal to merge with South Africa’s Gold Fields (GFI-N).

Toronto Venture Exchange-listed companies showed little enthusiasm over the trading period, as gold moved higher, ranging from US$395 to US$412 per oz. and then dropping to around US$403 in New York. The S&P-TSX Venture Exchange index closed up 26…

Vancouver — Infill drilling by Nevsun Resources (NSU-T) at its Bisha project in Eritrea, East Africa, has outlined high grades in all three levels.