U.S. equity indexes were down for most of the week, as Russia banned imports of some western foods and U.S. warplanes prepared to strike targets in Iraq for the first time since 2011. But markets edged higher on Friday after Russia’s…
The S&P/TSX Composite Index tumbled during the shortened trading week, losing nearly 19 points to 15,196.31. The S&P/TSX Capped Diversified Metals & Mining Index fell 15.57 points to 903.70. But gold miners stayed strong, with the…
Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
Argonaut Gold (TSX: AR; US-OTC: ARNGF) has completed a prefeasibility study (PFS) based on 40% of a 2013 resource estimate for its Magino property, 40 km northeast of Wawa, Ont. The PFS excludes underground and surface drilling data prior to…
Make a wrong turn while driving along the streets of one of Canada’s great mining towns, and you may feel like you’ve gone through a portal into the past.
Make a wrong turn while driving along the streets of one of Canada’s great mining towns and you may feel you’ve gone through a portal into the past.
Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with shares sinking to a new 52-week low after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…
Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the U.S., but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points, or 0.21%, to finish at…
Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with its shares sinking to a new 52-week low, after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…
Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the United States, but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points or 0.21% to…
Richmont Mines (RIC-T, RIC-X) had a difficult second-quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax write-down on its Francoeur mine in Quebec.
The holiday shortened July 3-6 period was by no means a strong one for the senior board, but it could have been worse. The TSX Composite Index fell 68 points to 11,659.96 points with the sell-off coming amidst a flurry of bad news.
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