Klondex blazes ahead, undeterred by low gold prices
Klondex Mines (TSX: KDX; US-OTC: KLNDF) has been a stellar performer despite the current bear market for gold stocks, with its share price steadily on the rise since the end of 2012.
Gold
Gold Fields spending US$24M exploring Salares Norte this year
The downturn in the mining industry isn’t generating many good news stories these days, but one exception is the promise of untold riches from an undeveloped high-grade gold deposit in the Chilean Andes.
TSX posts marginal dip, Aug. 10-14
The surprise devaluation of China’s currency on Aug. 11 pulled many base metal prices lower on fears that demand from the world’s largest buyer of metals would fall. The price of safe-haven gold, by contrast, rose 1.8% to finish at…
Lake Shore takes big stake in IDM
VANCOUVER — IDM Mining (TSX: IDM; US-OTC: RVRCF) has taken a step toward production at its Red Mountain gold project — located 15 km northeast of Stewart, B.C. — after cleaning up its balance sheet and closing a private…
Barrick ‘all but assured’ to meet debt target, Canaccord says
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) appears on track to achieve a US$3-billion debt reduction target this year after a few key asset sales, a streaming agreement and a commitment to cutting capital spending across the…
First Mining searches for the ‘sweet spot’
Newly listed First Mining Finance (TSXV: FF; US-OTC: FFMGF) is on a mission to secure quality assets at cheap prices.
US stocks retreat, Aug.3-7
Major U.S. indexes tumbled in August after a decent jobs report suggested the Federal Reserve would hike interest rates as soon as next month. The S&P 500 Index fell 1.3% to 2,077.57, while the Dow Jones Industrial Average lost 1.8% to…
New Gold inks Rainy River deal with Royal Gold
VANCOUVER — Canadian producer New Gold (TSX: NGD; NYSE-MKT: NGD) appears to have filled a funding gap at its Rainy River gold mine under construction 65 km northwest of Fort Frances, Ont., with a US$175-million streaming deal with…
Randgold beefs up exploration in Cte d’Ivoire
Randgold Resources (NASDAQ: GOLD) is stepping up its exploration in Côte d’Ivoire.
BMO sees ‘better times ahead’ for Primero Mining
VANCOUVER — Primero Mining (TSX: P; NYSE: PPP) is a favoured mid-tier gold producer amongst analysts, and it isn’t hard to see why after a strong second quarter, marked by competitive operating costs and signs of…
Facts ‘n’ figures – Potash bid tops Q2 M&A activity: KPMG report
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit www.kpmg.com
US markets slide, July 27-31
Expectations that the Fed would raise interest rates in September — along with economic turmoil in Asia and Europe — weighed on U.S. markets over the trading period.