Toronto Stock Exchange, Feb. 3-7
Signs of strength in the Canadian economy coincided with an up period for the S&P/TSX Composite Index, which gained 86 points to 13,786.50 points over the week.
2014
ICMM’s Hodge explores Roundup’s themes
VANCOUVER — The Association for Mineral Exploration British Columbia’s (AME BC) annual Roundup conference each January marks the beginning of a new year, and reflects many of the themes and topics that will come to define the…
Is hedging making a comeback?
At the end of January, Australian gold producer Northern Star Resources (ASX: NST) announced a hedge program of 100,000 oz. gold production for one year at an average gold price of A$1,462.16 (US$1,295.28) per oz., calling its decision a…
Osisko-Goldcorp battle turns bitter
VANCOUVER — How quickly relationships between potential partners can sour.
Northwest Territories’ latest ‘devolution’ becoming a reality
VANCOUVER — After 12 years of lobbying, planning and negotiating, the Northwest Territories (NWT) government will soon take over responsibility from the federal government for managing the territory’s lands, water and resources.
U.S. markets, Feb. 3-7
The S&P 500 Index posted the first weekly gain in a month, rising 0.81% to 1,797.02, while the Dow Jones Industrial Average inched 0.61% higher to close at 15,794.08. The U.S. Labor Department reported that the country’s unemployment…
Ur-Energy flaunts its Lost Creek project
Ur-Energy (TSX: URE; NYSE-MKT: URG) has impressed many analysts with stellar uranium grades from its relatively new Lost Creek in-situ recovery facility in Sweetwater County, Wyo., despite missing initial production targets.
Editorial: Budget 2014 – Flow-through still flowin’
The steady-as-she goes federal budget tabled by the Conservative government on Feb. 11 drew praise from Canada’s business community, which was satisfied by the status quo being maintained on taxes, and the unofficial achievement of a…
Correction
The story “Newmont sees rough road this year” (T.N.M., Feb. 10–16/14) incorrectly reported Newmont Mining’s 2014 production guidance as 4.4 to 4.8 million oz. gold. Newmont’s attributable production guidance for…
Klondex picks up Newmont’s Midax complex
At the end of last year Klondex Mines’ (TSX: KDX; US-OTC: KLNDF) CEO Paul Huet signalled that 2014 was going to be a big year.
Highland Copper buys Copperwood, builds ‘critical mass’ in Michigan
Just three months after Highland Copper (TSXV: HI; US-OTC: HDRSF) worked out a deal to buy the White Pine copper project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM; US-OTC: FQVLF), the Quebec-based company is back…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 11 2014Precious MetalsPrice…