US indexes close lower during May 1-5 trading week
The Dow Jones Industrial Average fell 423.78 points or 1.2% to 33,674.38 and the S&P 500 lost 33.23 points or 0.8% over the week to 4,136.25. Consol Energy was among…
Gold
TSX Venture ekes out a gain during May 1-5 trading week
The S&P/TSX Venture Composite Index inched 2.02 points or 0.3% higher over the May 1-5 trading session to close at 615.4. Sigma Lithium led the charge among value gainers, which…
TSX gold miners rise over May 1-5 trading week
Over the May 1-5 trading period, the S&P/TSX Composite Index shed 94.51 points or 0.46%, to close at 20,542.03. The S&P/TSX Global Mining Index gained 1.79 points or 1.58% to…
Barrick on the hunt for new mines, not deals, CEO says
Barrick Gold’s (TSX: ABX; NYSE: GOLD) chief executive Mark Bristow says he is searching for more gold and copper assets to add to the company’s portfolio, but not necessarily through…
RANKED: Top 10 longest-life precious metals mines under construction
Precious metals, long treasured for their lustre, beauty, stability and value, have diverse applications ranging from industrial and automotive to jewelry and investing. Demand for key precious metals, encompassing gold,…
Gold Fields deal gives Osisko option to fast-track high-grade gold at Windfall
The Windfall gold project in Quebec, boosted last week by a $600-million investment by Gold Fields (NYSE: GFI; JSE: GFI), may tweak plans to increase first-year production by a third,…
Nevada regains top spot as most attractive mining jurisdiction
The state of Nevada is once again the world’s top-ranked jurisdiction for mining and exploration after yielded the spot last year to Western Australia, the Fraser Institute’s 2022 annual survey of…
Marathon Gold on schedule to begin production in early 2025
Marathon Gold (TSX: MOZ) is on track to begin production at its Valentine gold project in Newfoundland by the first quarter of 2025. The company began early works on the…
American Pacific adds Centerra Gold to roster of prospecting partners
Canadian exploration outfit American Pacific Mining (CSE: USGD; US-OTC: USGDF) on May 2 agreed to buy privately held Clearview Gold in a deal valued at $5 million, thus adding a…
Oroco rises on ‘robust’ copper resource at Santo Tomas in Mexico
Shares in Oroco Resource (TSXV: OCO; US-OTC: ORRCF) gained after the explorer said a deposit estimate for the Santo Tomas copper project in northwest Mexico “significantly” expands on 1990s studies. The…
Mexico’s ‘shock’ new mining law hurts juniors most
A new mining regime blindsided Canadian juniors in Mexico on Apr. 29 after the Mexican Senate rushed through a contentious bill that experts say will deter investment. Under the new…
Gold Fields buys half of Osisko’s Windfall high-grade gold project in Quebec
Gold Fields (NYSE: GFI; JSE: GFI), the eighth-largest miner by market value, has joined with Osisko Mining (TSX: OSK) to back the Windfall gold project in Quebec, one of Canada’s…