Work on Oyu Tolgoi underground to resume in Q1
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.
Volume 100 Number 33 Sep 29 - Oct 5, 2014
TSX struggles, Sept. 15-19
The S&P/TSX Composite Index fell 266.23 points, or 1.71% to 15,265.35, while the S&P/TSX Capped Diversified Metals & Mining Index plunged 7.7%, or 67.86 points, to finish the week at 813.12. The S&P/TSX Global Mining Index…
TSX Venture closes in the red, Sept. 15-19
The S&P/TSX Venture Composite hit a four-week low during the trading period, losing 32.8 points before finishing the week at 955.06 points. Commodity futures struggled, with precious and base-metal contracts on the decline. Meanwhile, the…
US stocks rise, Sept.15-19
U.S. equities ended the trading week in positive territory. The Dow Jones Industrial Average added 292 points to end at 17,279.74, while the S&P 500 Index rose 25 points to 2,010.40. The tech-heavy Nasdaq Composite Index jumped 12 points to…
Probe Mines brings ex-Barrick CEO on board
On Sept. 16, a day after Jamie Sokalsky stepped down as Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO, came news of his first post-Barrick appointment: director and chairman of junior Probe Mines (TSXV: PRB; US-OTC: PROBF).
Newstrike touts low costs in Ana Paula PEA
VANCOUVER — Four years ago junior Newstrike Capital (TSXV: NES; US-OTC: NWSKF) scored a strategic slice of Mexico’s emerging Guerrero gold belt (GGB) in the form of its wholly owned Ana Paula gold asset, and now the company is…
Commentary: Rise and growth of gold ETFs
The last decade has been an eventful one for gold markets. We have seen a remarkable 12-year bull market, a shift in demand from the developed West to the rising East, and global central banks as net buyers of gold for the first time since…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 23, 2014Precious MetalsPrice…
Uranium Energy sketches out uranium mine in AZ
Uranium Energy (NYSE-MKT: UEC) acquired the Anderson uranium project in May 2011 through an all-stock merger with Concentric Energy valued at US$4 million.
Rule, Cook on navigating today’s choppy waters
BEAVER CREEK, COLORADO — In a keynote address at the recent Precious Metals Summit, Sprott US Holdings chairman Rick Rule and geologist Brent Cook dug into the realities of the exploration game and how best to conduct due diligence…
Challenges abound for diamond industry, despite growing demand: De Beers
In its first detailed public report on the state of the diamond industry, diamond miner and retailer De Beers paints a picture of an industry that will likely struggle to meet demand while facing increasing competition from other luxury…
Santacruz lands US$28.4M deal to fund second mine
Santacruz Silver Mining (TSXV: SCZ) has signed a US$28.4-million prepaid silver-purchase agreement to help fund its San Felipe silver-lead-zinc project in Sonora state, Mexico.