TSX up, Jan. 4-8
The S&P/TSX Composite Index rose 3.37% to 18,042.07 during the Jan. 4-8 trading week. The S&P/TSX Global Mining Index climbed 7.22% to 109.70, and the S&P/TSX Global Base Metals Index…
2021
US markets mixed, Jan. 4-8
The Dow Jones Industrial Average rose 1.61% to finish the week at 31,097.97 and the S&P 500 declined by 1.83% to 3,824.68. Spot gold dropped US$48 per oz., or 2.53%,…
Planning for a post-pandemic economic recovery in the Northwest Territories
As 2021 begins, the Covid-19 pandemic has left no part of Canada untouched, with cases reported in every province and territory, though at press time only the Northwest Territories (NWT)…
Major reforms proposed in Yukon mineral development strategy report
Developing new mining legislation, creating a water use tax and completing the Yukon’s six outstanding land use plans in the next five years are among the substantial list of recommendations…
Torex beats 2020 gold production forecasts
Intermediate miner Torex Gold (TSX: TXG) has released its 2020 operating highlights – last year, the company produced 430,480 gold oz., 130,640 of which were generated in the fourth quarter….
Exploration snapshot: Eight companies active in BC, NWT and the Yukon
With a strong outlook for the mining sector and few recent discoveries, companies are turning to low-risk under-explored frontiers in their search for new deposits and future mines. Below, we…
Copper Mountain reports record Q4 production
After beating its production guidance for 2020 and reporting a record fourth quarter, Copper Mountain Mining (TSX: CMMC) is guiding a further 22% increase in production this year. The B.C.-based…
Harte Gold exceeds guidance, expects substantial production growth in 2021
Last year, Ontario-focused miner Harte Gold (TSX: HRT; US-OTC: HRTFF) produced 25,649 gold oz., exceeding its prior guidance of 20,000 to 24,000 ounces. The emerging producer churned out a record…
Seabridge CEO talks about Snowfield acquisition
Seabridge Gold (TSX: SEA; NYSE: SA) has bought Pretium Resources’ (NYSE: PVG) Snowfield property in northwest British Columbia for US$100 million in cash, a 1.5% net smelter return royalty related to all production and…
Permit for Aquila Resources’ Back Forty mine denied
A U.S. judge from Michigan has reversed a decision by state regulators allowing Aquila Resources’ (TSX: AQA; US-OTC: AQARF) proposed gold, zinc and copper mine to go ahead. The ruling…
USA Rare Earth outlines domestic mine-to-magnet strategy
Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United…
New Found Gold boosts Queensway budget to $35M, drilling to 200,000 metres
Based on drill results to date at its Queensway gold project in Newfoundland, junior New Found Gold (TSXV: NFG) has doubled the size of its drill program to 200,000 metres…