TSX dips, Nov. 27-Dec.3
Canada’s main stock index closed lower, with the S&P/TSX Composite Index slipping 0.8% to 13,324.67. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.4% to 348.96. The S&P/TSX Global Gold Index, however, gained…
Gold
Nordgold CEO orchestrates ‘compelling performance’
Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest-cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it.
Site Visit: Trevali nears full production at Caribou
BATHURST, N.B.— Trevali Mining (TSX: TV; US-OTC: TREVF) is nearing commercial production at its past-producing Caribou zinc-lead-silver mine in New Brunswick, ahead of what the company expects will be an uptick in zinc and lead prices,…
Scorpio Gold finds more gold at Mineral Ridge
Scorpio Gold’s (TSXV: SGN; US-OTC: SRCRF) Mineral Ridge asset in Nevada is returning high-grade gold intercepts from satellite deposits and other targets drilled on the property, and its open-pit gold mining operation is on track to…
TSX slips, Nov. 20-26
Canadian equities ended the trading week in the red. The S&P/TSX Composite Index fell 0.4% to 13,425.19. The S&P/TSX Global Mining Index lost 2.2% to finish at 45.12, and the S&P/TSX Capped Diversified Metals & Mining Index…
Kirkland Lake Gold, St Andrew Goldfields join forces
The friendly combination of Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) and St Andrew Goldfields (TSX: SAS; US-OTC: STADF) will create an intermediate gold producer with four mines and two mills in the Timmins and Kirkland Lake gold camps in…
Site Visit: Kaminak on track to build next Yukon gold mine
DAWSON CITY, YUKON — If there was a betting pool on which junior mining companies will bring Canadian assets into production over the next five years, Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) would be one of the favourites. Despite…
US stocks rise, Nov. 13-19
U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…
Lydian streamlines Amulsar plans to ease capital burden
Lydian International (TSX: LYD; US-OTC: LYDIF) knows it has to adjust expectations at its wholly owned Amulsar gold project in south-central Armenia if it wants to secure development funding under current market conditions. To that end, the…
Editorial: Corporate chaos ensnarls Minera IRL
With Minera IRL shareholders only two days away from possibly voting out the company’s entire board of directors, the saga of the ill-fated, Lima-based junior gold miner is a reminder of just how quickly things can turn sour working in a…
Iamgold lowers costs, but analysts remain cautious
Iamgold (TSX: IMG; NYSE: IAG) had a messy third quarter — widening its adjusted loss on the back of lower gold sales — but it has cut its operating costs, leaving analysts questioning if the company’s focus on cash…
Oban Mining to pick up Northern Gold
Northern Gold Mining (TSXV: NGM) is the fourth junior this year to sign a business combination agreement with Oban Mining (TSX: OBM), joining Eagle Hill, Ryan Gold and Corona Gold, which consolidated their properties in Ontario and Quebec under…