Golds evade Toronto stock slide
The Toronto gold stocks were higher over the report period Aug. 8-14, picking up substantial gains as the rest of the market declined. The Toronto Stock Exchange’s TSE 300 composite index was down 166…
Agnico Eagle Mines Limited
Agnico-Eagle reduces losses
Higher gold production and lower cash costs helped Agnico-Eagle Mines (AGE-T) trim its second-quarter loss to $1.1 million from $3.4 million a year earlier.The company’s LaRonde mine near Val d’Or, Qu…
Analyst sees best buys at bottom of food chain
Gold analysts have watched the yellow metal’s sluggish performance for several years now, with some keeping the faith better than others. John Ing of Maison Placements Canada still ranks among the mos…
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
US interest rate cut gives TSE a jolt
Buoyed by another cut in interest rates south of the border, the Toronto Stock Exchange 300 index rose 136.31 points over the holiday-shortened week of June 27-July 3 to finish the period at 7,748.32….
Barrick-Homestake merger shakes gold market
Spicing up an otherwise bland week, Barrick Gold, on June 25, announced its intention to purchase American rival Homestake Mining in a paper deal worth US$2.3 billion.The all-share, friendly offer cau…
Producers miss out on gold price ride
Pushed down by heavy losses in the high-tech sector, the Toronto Stock Exchange’s 300 index fell 391.91 points over the five trading days ended June 20, to finish at 7,702.87.The yellow metal clawed b…
LaRonde to produce more gold
Having outlined more reserves, Agnico-Eagle Mines (AGE-T) intends to increase daily production to 7,000 tons at the LaRonde gold-copper mine, near Val d’Or, Que.Since it expanded the milling rate to 5…
Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Golds picking up in quiet market
The report period ended May 1 was a quiet one for the Toronto Stock Exchange, with the TSE 300 composite index up fractionally at 7,946.33 points for a gain of 54.66 points, or 0.7% of value.What was …
Sudbury Contact options Moosehead
A recent agreement with Altius Minerals (ALS-V) sets the stage for Sudbury Contact Mines (SUD-T) to earn up to a 60% interest in the Moosehead gold property in central Newfoundland.Sudbury Contact can…