Editorial: Gold a ray of hope in a weary market
The Vancouver Resource Investment Conference in mid-January is usually a great way to gauge the mood of the Canadian junior mining scene in the year ahead, and this year was no different.
Gold
U.S. equities slip, Jan.5-9
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…
Goldcorp gets in the Christmas spirit
General manager of Goldcorp’s Musselwhite gold mine, Bill Gascon (Santa costume), and his team spread holiday cheer in December 2014 to the five remote Northern Ontario First Nations communities of Cat Lake, North Caribou, Wunnumin,…
Rubicon boosts grade confidence with Phoenix drill program
VANCOUVER — Shares of Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) have been on the rise since the new year, as the company advances towards production at its Phoenix gold property in Ontario’s prolific Red Lake camp.
Ivanhoe tables prefeasibility study on Platreef PGM project
In Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) first-ever conference call on its massive Platreef project in South Africa, executive chairman and company founder Robert Friedland declared that the orebody “is destined to change the…
Petaquilla could lose Molejon mine
Vancouver-based Petaquilla Minerals (TSX: PTQ; OTCBB: PTQMF), operator of the Molejon open-pit gold mine in Panama, is facing scrutiny from Canadian and Panamanian regulators, leading to a possible cancellation of its mining concession.
Stepout exploration yields riches for Richmont
In the first full week of January, Richmont Mines (TSX: RIC; NYSE: RIC) released high-grade intercepts at significant depths from stepout exploration beneath its Island gold mine in northwestern Ontario. It prompted analysts at Macquarie Bank…
Argonaut Gold advances San Agustin
Argonaut Gold (TSX: AR; US-OTC: ARNGF) bought the San Agustin project, 10 km west of its producing El Castillo open-pit mine in Durango, Mexico, for $75 million in cash and shares in December 2013, and a recent preliminary economic assessment…
Coeur buys Goldcorp’s Wharf mine for US$105M
VANCOUVER — U.S.-based gold and silver producer Coeur Mining (TSX: CDM; NYSE: CDE) is wading into the acquisition pool for the second time in as many months with an all-cash deal for Goldcorp’s (TSX: G; NYSE: GG) Wharf heap-leach…
U.S. equities drift lower, Dec. 29-Jan. 2
The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at…
Gold juniors that gained traction in 2014
It was another lacklustre year for gold and gold equities, with the spot price for gold dipping below 2013’s close and down 14% from the high reached in March 2014, to exit the year at US$1,182.90 per oz. Despite that dim backdrop, more…
Paramo could affect Eco Oro’s Angostura project
Eco Oro Minerals (TSX: EOM) has seen its shares climb in recent weeks, spurred by the Colombian government better defining the boundaries of an environmentally sensitive paramo ecosystem that is near the company’s Angostura…