US markets flat over July 11-15 trading week
Over the July 11-15 trading week, the Dow Jones Industrial Average gained 113.23 points, or 0.36%, to 31,451.38, and the S&P 500 fell 8.27 points or 0.21% to 3,891.11. Shares…
Gold
TSX sees more pain during July 11-15 trading week
July 11-15 was another painful week for metals markets and equities. The S&P/TSX Composite Index slid 628.41 points, or 3.3% to 18,394.45; the S&P/TSX Global Mining Index lost 5.44 points…
Franco-Nevada invests US$352M in Tocantinzinho gold project in Brazil
Gold streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has committed US$352.5 million to a finance package totalling US$481 million for the Tocantinzinho project located in Pará state, Brazil, currently held…
Barrick close to final deal with Pakistan on US$7B copper project
Barrick Gold (TSX: ABX; NYSE: GOLD) said on Monday it’s close to a final framework agreement with the Pakistan government to develop the giant Reko Diq copper-gold deposit, close to the…
Gold Fields unlikely to further sweeten Yamana deal: CEO
South African miner Gold Fields (NYSE: GFI; JSE: GFI) trusts that Yamana Gold’s (TSX: YRI; NYSE: AUY) shareholders will back its planned US$6.7-billion takeover of the Canadian gold miner. The…
Wesdome shares fall after miner misses analysts’ Q2 forecasts
Shares of Wesdome Gold Mines (TSX: WDO) fell to their lowest in a year after the company reported a “weak” performance in its second quarter and said that it would…
Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia….
Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During…
Wallbridge spins out nickel assets to focus on gold
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million. The company said it wants to focus…
Ecuador court endorses environmental permits for Dundee’s Loma Larga
Dundee Precious Metals (TSX: DPM) has scored a win in Ecuador as a local court upheld the validity of the company’s environmental permits for exploration at its Loma Larga gold underground…
Pure Gold mulls company sale as part of strategic review
Cash-strapped Pure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off a strategic review process that could involve a potential sale or merger of the company, a sale of all…
Meridian Mining hopes to boost resource at Cabaçal with new gold vein
Meridian Mining (TSXV: MNO; US-OTC: MRRDF) has reported the discovery of a new high-grade gold vein at the northwest extension of its Cabaçal copper-gold project at Mato Grosso in west-central…