TSX climbs, May 16–20
Canada’s benchmark index advanced ahead of the Victoria Day holiday weekend, rising 171 points, or 1.2%, to 13,919.58, as investors took in higher oil prices and the possibility that the…
Gold
Geoscience BC receives $5M from provincial government
VANCOUVER — The B.C. government has announced $5 million in additional funding for Geoscience B.C. Over the past 10 years the non-profit organization has spearheaded more than 135 projects and generated…
The Northern Miner podcast – episode 13: Long weekend edition part deux
Matt and Lesley prepare you for the long weekend with updates on Eldorado Gold‘s (TSX: ELD; NYSE: EGO) US$900-million exit from China, Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) exploration…
Dynacor prepares for maiden resource at Tumipampa
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) is preparing to table the first-ever resource calculation at its Tumipampa gold-copper exploration project, 500 km southeast of Lima, Peru. Jean Martineau, Dynacor’s…
Brazil Resources works fast in Alaska
Just one month after releasing its first resource on the Island Mountain gold-copper porphyry at its Whistler project in central Alaska, Brazil Resources (TSXV: BRI; US-OTC: BRIZF) has completed a…
Argentine tycoon Elsztain bets big on gold
Eduardo Elsztain — one of Argentina’s richest men — has been buying and selling hard assets for the last 35 years. His first real estate deal in 1982, when he…
Guyana Goldfields off to a strong start at Aurora
VANCOUVER — Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has wrapped up its first commercial quarter at the Aurora open-pit gold mine in Guyana, and the results hint at an operation that’s…
Eldorado exits China with US$900-million in asset sales
VANCOUVER — It took two years, but mid-tier gold miner Eldorado Gold (TSX: ELD; NYSE: EGO) is finally divesting all of its development and production assets in China with the…
US markets end in the red, May 9-13
Concern about domestic and global growth sent the Dow Jones Industrial Average and the S&P 500 Index into the red for the third straight week. The Dow fell 1.12% to…
TSX ekes out slim gain, May 9-13
The ferocious wildfires in Alberta’s oil patch around Fort McMurray knocked an estimated 1 million barrels a day offline, prompting many economists to lower their 2016 gross domestic product growth…
Goldcorp offers $520M for Kaminak
Goldcorp (TSX: G; NYSE: GG) has offered to buy Kaminak Gold (TSXV: KAM) in a $520-million, all-share deal to get its hands on the junior’s high-grade Coffee gold project in…
Erdene’s Bayan Khundii gold discovery in Mongolia
VANCOUVER — Erdene Resource Development’s (TSX: ERD; US-OTC: ERDCF) presence in Mongolia dates back to the late 1990s, and it has experienced the good and bad of the oft-volatile country. The…