Canadian diamond exploration perks up
For years it seemed that juniors were fleeing from diamond exploration — and for good reason.
Stock Markets/Investing
Timmins Gold execs under fire from Sentry
VANCOUVER — Gold miner Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is being targeted by dissident shareholder Sentry Investments in a proxy fight that aims to replace six of the firm’s eight board members.
El Nino options DRC copper play after arbitration win
VANCOUVER — It was a long battle for junior El Nino Ventures (TSXV: ELN, US-OTC: ELNOF), but after half a decade of legal wrangling the company has finally secured its 70% ownership rights in the Kasala copper discovery, 70 km…
The upside to the downturn
VANCOUVER — The past few years have been tough on junior miners and those who invest in them.
U.S. equities remain in positive territory, June 2-6
U.S. equities posted their third straight weekly gain, driven by strong payroll data and optimism about economic growth. The economy added 217,000 jobs in May while the unemployment rate held steady at 6.3%. The Dow Jones Industrial Average…
TSX surges, June 2-6
The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…
TSX Venture returns to the green, June 2-6
The S&P/TSX Venture Composite Index bounced back during the week, rising 3.46 points, to close at 987.45. Investor sentiment improved after the U.S. Labor Department said the economy created 217,000 jobs in May. Meanwhile, the European…
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
Annual mining profits tumble 72% to lowest point in a decade
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
Miners drag down TSX, May 26-30
It was a tough week for the Toronto Stock Exchange. The S&P/TSX Composite Index dropped 103.94 points, or 0.71%, to end the trading week at 14,604.16, while the S&P/TSX Capped Diversified Metals & Mining Index fell 33.82 points, or…
US stocks finish strong, May 27-30
U.S. equities ended the holiday-shortened trading week in positive territory.
TSX Venture hit by lower commodity prices, May 26-30
The S&P/TSX Venture Composite Index spent much of the week in the red before closing down 4 points at 983.99. Markets were hit by declining commodity futures, while Statistics Canada reported that the nation’s gross domestic product…