TSX posts mixed results, Oct. 1-5
Canada’s benchmark index fell 0.9% to 15,946.17 and the S&P/TSX Global Mining Index fell 0.39% to 65.54. Gold performed better, however, as the S&P/TSX Global Gold Index rose 2% to…
2018
Dow and S&P 500 down, Oct. 1-5
The Dow Jones Industrial Average slipped 0.4% to 26,447.05 and the S&P 500 Index fell 0.98% to 2,885.57. Spot gold closed US$10.50 per oz. higher at US$1,202.70 per oz. gold….
TSX Venture inches lower, Oct. 1-5
Shares of Aurania Resources rose 53¢ to $2.76. The company recently found the first significant instances of copper mineralization at its Lost Cities–Cutucu project in Ecuador. Two regional exploration teams…
Metallic finds more veins at Keno and McKay Hill districts
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon. The company fanned out across both its Keno silver district and McKay silver-lead-zinc…
Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from…
New Dimension boosts indicated resources 22% at Las Calandrias
New Dimension Resources (TSXV: NDR; US-OTC: NWDMF) has increased the indicated gold resource by 22% or 69,000 oz. gold at its Las Calandrias gold-silver project in Santa Cruz, Argentina. The updated…
MAG Silver extends underground infrastructure at Juanicipio
BEAVER CREEK, COLORADO — Development is well underway at MAG Silver’s (TSX: MAG; NYSE-AM: MAG) 44%-owned underground Juanicipio silver mine in the Fresnillo district of Zacatecas, Mexico, where it aims…
Odds ‘n’ Sods: My three ‘Eureka!’ moments as a Canadian explorer
The excitement of a mineral discovery is a “Eureka!” moment, and this is the story of my three Eureka moments. I’m 77 years old now, so some of the details…
Orca tables maiden resource for Morondo
Orca Gold (TSXV: ORG; US-OTC: CANWF) has tabled a maiden resource for the Koné prospect on its Morondo gold property in Cote d’Ivoire, part of the 2,268 sq. km land package…
Americas Silver and Pershing Gold to merge
Americas Silver (TSX: USA; NYSE-AM: USAS), a producer with mines in the U.S. and Mexico, is merging with Pershing Gold (TSX: PGLC; NASDAQ: PGLC) in an all-share deal. Pershing’s primary…
Japan Gold granted prospecting rights at Tobaru
The Japanese ministry of economy, trade and industry recently granted Japan Gold (TSXV: JG; US-OTC: JGLDF) prospecting rights for its Tobaru gold project in Japan’s southern Kyushu province. The rights…
Gold stocks undervalued, says Haywood Securities
The mining team at Haywood Securities says now is a good time to invest in undervalued gold stocks. “In the first nine months of 2018 the price of gold has…