Rick Rule shares his outlook on gold, and yes, it’s bullish
You have endured the pain. Will you have the courage to hang around for the gain?” That’s the familiar question Rick Rule, Sprott US Holdings’ president and CEO, posed during…
Silver
Orex, Canasil add weight to silver discovery in Mexico
VANCOUVER — Orex Minerals (TSXV: REX; US-OTC: ORXIF) and partner Canasil Resources (CVE: CLZ) are off to a strong start at their Sandra-Escobar silver project, 183 km northeast of the…
Continental Gold improves Buritica’s economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, shows a 10% improvement in total costs and stronger economics for a high-grade underground mine….
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Mines Management president ‘elated’ with Montanore approval
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in…
US stocks slide, Feb. 8-12
U.S. equities rallied on Feb. 12, ending five days of losses in the S&P 500 Index, but not enough to post a weekly gain. The S&P 500 lost 0.8% to finish at 1,864.78. The Dow Jones Industrial Average fell 1.4% to 15,973.84 and the…
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
Franco CEO touts ‘opportunity-rich’ market after Glencore deal
VANCOUVER — Franco-Nevada (TSX: FNV; NYSE: FNV) will pay US$500 million for a gold-silver stream from Glencore’s (LSE: GLNE) large Antapaccay copper mine in Peru’s Cusco region.
Agnico sees ‘stable’ production for the next three years
Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) disciplined balance of costs and growth has set it up for a solid three years of production ahead, despite the current volatility in the markets.
Tahoe bids $945M for Lake Shore Gold
Tahoe Resources (TSX: THO; NYSE: TAHO) is set to buy Toronto-based junior producer Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) in a $945-million, all-share bid, with analysts on both sides of the deal approving.
Silver market supply and demand trends for 2016
The following edited report was released by the Silver Institute. For more information, please visit www.silverinstitute.org.
US stocks gain ground, Jan. 25-29
U.S. equities posted a second consecutive weekly gain, after a surprise move from the Bank of Japan to stimulate its economy. The Dow Jones Industrial Average rose 2.3% to 16,466.30, while the S&P 500 Index advanced 1.8% to 1,940.24. The…