TSX moves up, April 28-May 2
The Toronto stock market had a strong trading week, helped by decent corporate earnings and better-than-expected jobs data from the U.S., with the S&P/TSX Composite Index gaining 232 points to 14,765.15.
Gold
Site visit: Mega Precious goes monumental
MONUMENT BAY, MANITOBA — Make no mistake about it, Mega Precious Metals’ (TSXV: MGP) Monument Bay project is a serious gold play. With 3.6 million global ounces of gold already outlined, this property in northeastern Manitoba has…
Allied Nevada plans major Hycroft expansion
VANCOUVER — With a prefeasibility study outlining how to boost gold and silver production from the Hycroft mine in Nevada, Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) now just needs the money to make it happen.
Castle Mountain Mining completes PEA milestone
In one short year as a public company, Castle Mountain Mining (TSXV: CMM) has delivered a resource estimate on the past-producing Castle Mountain mine project, 112 km from Las Vegas in San Bernardino County, Calif., and completed a preliminary…
Rockcliff builds critical mass in Flin Flon-Snow Lake
During his 30 years as a field geologist, Kenneth Lapierre worked on grassroots exploration projects across North and South America and as an underground production geologist in precious and base-metal mines in Canada. His work over those…
New zone shines for Fortuna Silver at San Jose
VANCOUVER — Fresh from doubling the throughput at its San Jose silver–gold mine in Mexico, Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is finding that a steady stream of high-grade drill results from the mine’s new Trinidad…
West Kirkland CEO talks Hasbrouck, Three Hills deal
VANCOUVER — Nine months ago it became apparent to president and CEO R. Michael Jones and his team at explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) that the company needed to reassess what it was doing and pinpoint the…
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Hudbay’s Manitoba business going strong and growing
Hudbay Minerals (TSX: HBM: NYSE: HBM) swung to a net loss in the first quarter of $27.2 million, or 15¢ per share, compared to a profit of $1.9 million, or 1¢ per share, in the first quarter of 2013, mainly due to a temporary…
Semafo shows short term sacrifice pays off
Semafo (TSX: SMF) decided some short term pain would be worth the long term gain.
Drill results drive Roxgold’s shares higher
Roxgold (TSXV: ROG) is trying to define a second resource on its 100%-owned Yaramoko property in Burkina Faso’s Houndé greenstone region, and the latest drill results from the company’s QV1 target — about 1.8 km south…
Revolution turns to Red Mountain in BC
VANCOUVER — For Revolution Resources (TSX: RV) president and CEO Robert McLeod, the company’s recent acquisition of the Red Mountain gold property in northwestern B.C. is a lot like coming home.