U.S. markets, Oct. 21-25
The Dow Jones Industrial Average climbed 170.63 points to 15,570.28, or 1.11%, and the S&P 500 rose 15.27 points to 1,759.77, or 0.88%. The Philadelphia Gold & Silver Index advanced 7.55 points to 99.72, or 8.19%.
2013
Metals, mining and money markets
Spot prices Courtesy of Scotiabank Tuesday, October 29, 2013 Precious Metals Price (US$/oz.) Change Gold $1,346.75 35 Silver $22.31 0.25 Platinum $1,443.00 18 Palladium $741.00 -4 Base…
Northern Vertex mines Moss
BULLHEAD CITY, ARIZONA — Sometimes an old project just needs a new perspective. For the Moss gold-silver mine project in northwestern Arizona, that new perspective arrived two and a half years ago when Northern Vertex Mining (TSXV: NEE)…
Commentary: Social license – addressing deeper issues boosts the odds of success
Publicly stated arguments are often what’s only on the surface of conflicts over natural-resource developments — underlying geopolitical issues and hidden agendas can also be at play. I have come across this on a number of projects…
Mongolia confounds investors
The mining sector makes up 20% of Mongolia’s gross domestic product (GDP), 40% of its budget income, 85% of its investment and 90% of its exports, but the uncertainty that permeates everything from the security of mineral tenure and…
Real tears of joy for Crocodile
Crocodile Gold (TSX: CRK; US-OTC: CROCF) investors are soaking up the good news. The Toronto-based miner boosted its 2013 production guidance on the back of higher-than-expected gold production in the third quarter. Given consistent output…
Asanko gets the cash for Esaase
Asanko Gold (TSX: AKG) has taken a major step towards turning its Esaase gold project in Ghana into a mine.
B2Gold makes all-share offer for Volta Resources
VANCOUVER — Shares of Volta Resources (TSE: VTR) doubled on Oct. 28, after the tabling of a friendly, all-share bid from diversified producer B2Gold (TSX: BTO; NYSE-MKT: BTG) values the junior gold explorer at US$63 million.
Brigus Gold could extend mine life at Black Fox
Orebodies in the Timmins camp of Ontario often surpass depths of 1,000 metres, so investors in Brigus Gold (TSX: BRD; NYSE-MKT: BRD) cheered when they heard that a downdip test hole drilled from the underground at the company’s Black Fox…
Correction
The story “Tech sector is key to Graphite One’s plan” (T.N.M., Oct. 21–27/13) incorrectly identified Anthony Huston as the president and CEO of Graphite One. In fact he is president and a director of the company….
Friedland kicks off Goodman Talks series
At the launch of the Goodman Talks public lecture series at Laurentian University in Sudbury, Ontario. From left: Laurentian University president Dominic Giroux; Ivanhoe Mines chairman and inaugural speaker Robert Friedland; Dundee Corp. CEO…
Editorial: Canada-EU free trade deal shifts the mining landscape
Canada’s base-metal producers got a lift on Oct. 18 with the announcement of a preliminary free-trade agreement between Canada and the 28-member European Union that promises miners and metal producers a gradual elimination of tariffs on…