Spider Resources Inc

Juniors reflect gold’s weakness

After making some headway in the previous trading period, Toronto Venture Exchange-listed companies gave back some ground as the U.S. dollar strengthened and the gold price eased on decreasing terrorist fears. The S&P-TSX Venture Exchange index de…


Flight to gold drives junior market

Summer doldrums appear to be ending for TSX-Venture junior miners. The S&P-TSX Venture Exchange composite index closed at 1524.79, up 17.5 points over the trading period Aug. 25-31. Daily volumes have also seen awakenings, with well over 20 millio…


Higher gold price fails to boost juniors

Toronto Venture Exchange-listed companies showed little enthusiasm over the trading period, as gold moved higher, ranging from US$395 to US$412 per oz. and then dropping to around US$403 in New York. The S&P-TSX Venture Exchange index closed up 26…


Gold closes just shy of US$400 per oz.

Toronto Venture Exchange-listed companies failed to gain ground in spite of gold prices being up for the second consecutive week, ahead of a key decision on an interest rate hike in the U.S. The S&P-TSX Venture Exchange index closed lower by nearl…


Junior mining sector loses ground

The TSX Venture Exchange fell just shy of 100 points during the May 5-11 trading period to close at 1558.69, representing the fifth-consecutive drop. The junior mining sector fared no better, with a whopping 71 Venture Exchange-listed companies re…


Partners cut new MacFadyen kimberlite

Drilling by partners Spider Resources () and KWG Resources (KWG-V) has intersected a new kimberlite pipe on the MacFadyen property in the James Bay Lowlands region of Ontario.


Gold stocks lose shine as prices plummet

A steep decline in gold prices erased most of the winnings posted by the junior mining sector during the report period ended April 13. The price of silver dropped by more than 7% at the end of the period. The TSX Venture composite index finished 3…


Partners cut new kimberlite

Drilling by partners Spider Resources (SPQ-V) and KWG Resources (KWG-V) has cut a new kimberlite pipe on the MacFad…


Tensions drive safe-haven investments

Vancouver — Terrorist retaliation fears against the U.S. over Israel’s shocking assassination of Hamas’s spiritual leader, Sheikh Ahmed Yassin, helped fuel bond and bullion prices over the week ended March 23. The TSX Venture Exchange S&P composi…


Western markets slump into spring

Vancouver — Canada’s junior exchange lost some ground over the report period ended Jan. 16. Poor U.S. job numbers helped boost gold over the US$400-per-oz. mark but failed to spur a stock rally. The …



Spider, KWG expand McFaulds Lake target

Vancouver — Partners Spider Resources (SPQ-V) and KWG Resources (KWG-V) are encouraged by drill results from the McFaulds #3 base metal deposit in the James Bay Lowlands of Ontario.Hole 20 intersecte…


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