TSX ends in the red, May 11-15
Canada’s main stock index retreated during the trading week. The S&P/TSX Composite Index fell 0.4% to 15,108.12. The S&P/TSX Capped Diversified Metals & Mining Index dropped 1.4% to 794.05, and the S&P/TSX Global Gold…
Gold
Barrick’s Alturas discovery could be the next Veladero
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has uncovered a hidden gold deposit known as Alturas, in Chile’s gold-rich El Indio district, 30 km south of the former El Indio mine.
NovaCopper buying Sunward to advance Alaska project
NovaCopper (TSX: NCQ; NYSE-MKT: NCQ) is acquiring Sunward Resources (TSX: SWD; US-OTC: SNWRF) for the cash it has in its vault — not just its gold project in Colombia.
Orezone outlines hybrid mine plan for Bombor
VANCOUVER — West African-focused Orezone Gold (TSX: ORE; US-OTC: ORZCF) is closing in on a development decision at its advanced-stage Bomboré gold project, 85 km east of Ouagadougou, Burkina Faso. Orezone took a step towards a 2018…
Lake Shore ups its exploration efforts at 144 Gap zone
On the back of its 2014 financial and exploration successes, Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) has bulked up its exploration efforts and is keeping the ball rolling into 2015.
Endeavour Silver back in black in Q1
Endeavour Silver (TSX: EDR; NYSE: EXK) has swung back into profit after a disappointing fourth quarter, due to lower costs at all three of its silver-gold underground mines in Mexico.
NuLegacy hits high-grade gold in Nevada
NuLegacy Gold (TSXV: NUG; US-OTC: NULGF) has found drilling success at its Iceberg gold deposit, a Carlin-type gold system in Nevada’s Cortez trend.
TSX slides, May 4-8
Poor jobs data and a decline in energy stocks after the New Democratic Party majority win in Alberta sent the S&P/TSX Composite Index down 1.1% to 15,170.02. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.8% to 805.08,…
Tahoe CEO talks post-merger growth strategy
VANCOUVER — It’s been just over a month since Tahoe Resources (TSX: THO; NYSE: TAHO) merged with Rio Alto Mining to create a leading mid-tier precious metals producer, but the new management team hasn’t wasted any time turning…
WPC aims to bring Lupin back online
WPC Resources (TSXV: WPQ) — soon to be named Lupin Gold Corp. — plans to bring the past-producing Lupin gold mine online, while also advancing the nearby Ulu gold property.
Columbus Gold to launch $20M program
Over the next year, Columbus Gold (TSXV: CGT; US-OTC: CBGDF), a small junior with a market cap of just $64 million, will oversee $20 million invested in exploration and development at its two gold projects, Paul Isnard in French Guiana and…
U.S. stocks drop, April 27-May 1
U.S. equities fell after being tripped up by soft economic data. The Dow Jones Industrial Average lost 56.08 points to 18,024.06, and the S&P 500 Index slipped 9.4 points to 2,108.29. The Nasdaq retreated 86.69 points to…