TSX Venture closes in the green, Sept. 14-18
The S&P/TSX Venture Composite Index had a bumpy ride, but gained 2.71 points en route to a 549.91-point close.
Stock Markets/Investing
US stock indexes fall, Sept. 14-18
The U.S. Federal Reserve’s decision to keep interest rates near zero heightened worries about how weak global economic growth would affect U.S. corporate earnings. Fed Chair Janet Yellen said the impact of the global economic slowdown on…
TSX moves up, Sept.14-18
Canada’s benchmark index gained ground during the week, adding 185.33 points, or 1.4%, to close at 13,646.80 points, as investors took in the U.S. Federal Reserve’s decision to keep interest rates near zero.
Optimists see ‘gems’ in besieged coal markets
VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
Noront CEO outlines big plans for Ring of Fire
VANCOUVER — Noront Resources (TSXV: NOT; US-OTC: NOSOF) has emerged as a leader across the Ring of Fire region in the James Bay Lowlands of Northern Ontario, and it has a long-term plan in the works that it hopes will establish a…
US stocks rise, Sept. 8-11
U.S. equities stayed in positive territory despite U.S. consumer sentiment in September hitting its lowest level in 12 months, flat domestic producer prices in August, and worries about China’s slowing growth and shrinking imports (data…
Glencore latest to slash near-term copper production
VANCOUVER — Copper producers have seen margins come under pressure, as spot prices for the red metal hover near six-year lows well below the US$3 per lb. level over the medium-term. London-based Glencore (LSE: GLEN) is the latest miner to…
Capstone cuts spending, suspends work at Santo Domingo in Chile
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
TSX slips, Sept. 8-11
Canada’s main stock index fell 0.1% to 13,461.47 in the holiday-shortened trading week as Goldman Sachs trimmed its 2016 price forecasts for crude oil and the Bank of Canada said it would keep its key interest rate of 0.5% as the…
TSX Venture moves lower, Sept. 8-11
The S&P/TSX Venture Composite Index closed in the red for the second week after a loss of 1%, or 5.41 points, en route to a 547.20-point close. Falling energy futures drove losses , while the U.S. Federal Reserve and the Bank of England…
Sabina gets ‘more realistic’ at Back River in Nunavut
VANCOUVER — Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is working hard to outline a development scenario at its Back River gold project in Nunavut that is viable in light of challenging capital markets. On Sept. 13 the company…
AuRico CEO: ‘We’re well situated for challenging markets’
VANCOUVER — Newly minted AuRico Metals (TSX: AMI; US-OTC: ARCTF) is poised to hit the ground running with a strong capital position and a portfolio of royalty assets that already make it cash flow positive.