Strong greenback hits US producers
Noranda Aluminum Holding Corp.’s (US-OTC: NORN) Chapter 11 filing this week underscores the challenges facing the industry south of the border.
Gold
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
Thornton’s Barrick looks leaner
Barrick Gold (TSX: ABX; NYSE: ABX) is benefitting from going back to the basics, under the direction of chair John Thornton.
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Bullion investors buoyed gold demand in 2015
The following is an edited summary from the World Gold Council based on its Gold Demand Trends report. For the full report, please visit www.gold.org.
US stocks slide, Feb. 8-12
U.S. equities rallied on Feb. 12, ending five days of losses in the S&P 500 Index, but not enough to post a weekly gain. The S&P 500 lost 0.8% to finish at 1,864.78. The Dow Jones Industrial Average fell 1.4% to 15,973.84 and the…
Goldcorp invests in Gold Standard Ventures
Goldcorp (TSX: G; NYSE: GG) has become the second gold miner in less than a year to take a strategic stake in Gold Standard Ventures (TSXV: GSV; NYSE-MKT: GSV) and its Railroad land package in Nevada.
NewCastle Gold project outside of protected area
U.S. President Barack Obama’s decision to protect an 84.7 sq. km land parcel — surrounded on three sides by the Mojave National Preserve — as a National Monument under the 1906 Antiquities Act, presents no threat to NewCastle…
Franco CEO touts ‘opportunity-rich’ market after Glencore deal
VANCOUVER — Franco-Nevada (TSX: FNV; NYSE: FNV) will pay US$500 million for a gold-silver stream from Glencore’s (LSE: GLNE) large Antapaccay copper mine in Peru’s Cusco region.
Editorial: Negative interest rates give gold a boost
One of the themes already emerging for 2016 is the oxymoron of “negative interest rates.” And if you’re a gold bug who’s been loving the low interest rates of recent years, you’re over the moon about this…
Northern Dynasty’s Pebble on ‘cusp of resolution’
VANCOUVER — There’s more battling ahead for Northern Dynasty Minerals (TSX: NDM; NYSE-MKT: NAK) as it prepares to dispute its case to the U.S. Federal court against the U.S. Environmental Protection Agency’s (EPA)…
World Gold Council: US dollar’s effect on gold overdone
The following is an edited investment commentary released by the World Gold Council in January. For more information, please visit www.gold.org.