Gold bugs have been taking a beating of late, and it just seems to be going from bad to worse. The gold price entered official bear territory to close out the trading week, and then began the week by falling even further on panic selling.
It was a bumpy ride for the resource-heavy TSX during the trading week as the gold price tumbled.
The S&P/TSX Venture Composite Index followed commodities downward during the trading period, dropping 1.8%, or 19.24 points, en route to a 1,022.61-point weekly close.
U.S. equity indexes rose four days in a row, with the Dow Jones Industrial Average and the S&P 500 posting new closing highs on April 11.
VANCOUVER — Sandspring Resources’ (SSP-V) Toroparu gold project in Guyana is sporting strengthened economics after a prefeasibility study lowered anticipated capital costs and increased gold recoveries, compared to the previous…
Spot pricesCourtesy of ScotiabankTuesday, April 6, 2013Precious MetalsPrice…
Rainy River Resources’ (RR-T) president and CEO Raymond Threlkeld is touting the company’s Rainy River gold deposit in northwestern Ontario as “low risk and very high return.”
A preliminary economic assessment of Lumina Copper’s (LCC-V) enormous Taca Taca project, among the world’s top-tier undeveloped copper deposits, demonstrates a US$2.1-billion after-tax net present value and a 17.2% after-tax…
Investors are getting tired of complications at Barrick Gold’s (ABX-T, ABX-N) Pascua-Lama gold project, which is perched high up in the Andes, but not so removed from the earthly troubles of cost overruns and environmental challenges.
In 1911 the first bar of gold in Ontario’s Kirkland Lake gold camp was poured at the Tough-Oakes mine. One century and 42.5 million oz. gold later, a group of friends met for coffee and decided to make a bronze plaque to commemorate the…
VANCOUVER — Northern Vertex Mining (NEE-V) wants to get into production as soon as possible, and the junior has taken a big step in this direction with a preliminary economic assessment (PEA) of its Moss project in Arizona that lays…
As many in the mining sector are well aware, junior mining companies are having a harder time accessing capital markets for financing. Even when they are able to get their hands on some money, the financing comes with more onerous terms than…
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