TSX mixed, Sept. 14-18
The S&P/TSX Composite Index fell 0.15% to 16,198.97 during the Sept. 14-18 trading week. The S&P/TSX Global Mining Index rose 0.52% to 101.18, and the S&P/TSX Global Base Metals Index…
Gold
TSX Venture moves higher, Sept. 14-18
The S&P/TSX Venture Composite Index climbed 1.64% to finish the Sept. 14-18 trading week at 745.37. Spot gold closed the week at US$1,988.90 per oz., up US$8.80 per oz. or…
Callinex says Pine Bay could revitalise Flin Flon
The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 mine. The underground mine, which has been producing base and precious metals…
Gold output to fall 1.7% in 2020 on shutdowns: report
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says…
Chile court orders ‘total and definitive’ closure of Barrick’s Pascua Lama
Chile’s environmental court has put the final nail in the coffin for Barrick Gold’s (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on…
TomaGold sells 25% interest in Monster Lake project to Iamgold
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG). Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million…
Magna Gold tables study on recently-acquired San Francisco mine
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has released the results of a preliminary feasibility study (PFS) on its San Francisco mine, acquired earlier this year, in Mexico’s Sonora state. The…
CIBC predicts $32 silver, $2,300 gold in 2021
CIBC has raised its gold price forecasts to US$2,300 per oz. in 2021, US$2,200 per oz. in 2022, US$2,100 per oz. in 2023 and US$2,000 per oz. in 2024. This…
The View from England: Good and bad news for British miners in September
There has been distinctly mixed news for British miners during the first half of September. First the bad news: The University of Exeter announced that entry for mining-engineering programs at…
Wesdome advances Kiena mine complex in Quebec
Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda…
Argonaut drill results suggest connection between deposits
Drill results from the Central zone at Argonaut Gold’s (TSX: AR) wholly owned past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with…
Amex drills long gold intercepts at Denise zone in Quebec
Amex Exploration (TSXV: AMX; US-OTC: AMXEF) has reported assay results for seven holes completed at the Denise zone, within its Perron gold property in northwestern Quebec, which step out the…