Pershimco goes long on Panamanian copper
While it may not be a name many are familiar with, Pershimco Resources (TSXV: PRO) thinks its Cerro Quema project could let it become the next big name in Panamanian copper.
Volume 99 Number 44 Dec 16 - 22, 2013
Atico steams ahead
Atico Mining (TSXV: ATY; US-OTC: ATCMF) became a producing mining company when it acquired 90% of the El Roble mine — the only producing copper mine in Colombia.
Coastal Gold makes headway
Coastal Gold (TSXV: COD) has updated the resource estimate for its Hope Brook gold project on the southwestern coast of Newfoundland, with grades in the indicated category 30% higher than in the last resource estimate completed in October 2012.
Rio Tinto charts path to cut spending and boost returns
VANCOUVER — At a shareholder meeting in Sydney, Rio Tinto’s (NYSE: RIO; LSE: RIO) executive team laid out a plan to reinvigorate the world’s second-largest miner.
Second Keno Hill mine is key to Alexco’s plan
VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…
U.S. markets, Dec. 2-6
U.S. equities jumped on Nov. 29, with a positive employment report. Better-than-expected data from the U.S. Labor Department showed the country added 203,000 jobs to non-farm payrolls in November and the unemployment rate dropped to 7% —…
Toronto Stock Exchange, Dec. 2-6
The S&P/TSX Composite Index fell 113 points to 13,280.72 for the period, despite positive news from Canada’s neighbour to the south.
Pilot Gold finds high-grade structures at Kinsley
VANCOUVER — A 36.6-metre intercept grading 8.53 grams gold per tonne has Pilot Gold (TSX: PLG; US-OTC: PLGTF) convinced anew the Kinsley Mountain project in Nevada could contain a lot of gold.
Ivanhoe outlines major copper mine at Kamoa
VANCOUVER — Years ago, he called Voisey’s Bay a game-changer for the global nickel game. After that he labelled Oyu Tolgoi a world-class copper project. Only a few weeks ago he called a high-grade platinum, palladium, rhodium and…
TSX Venture Exchange, Dec. 2-6
The S&P/TSX Venture Composite Index lost 2%, or 18.24 points, during the week before closing at 916.65. Markets finished in the red despite rising energy and metals futures, with promising jobs data out of Canada and the U.S. fuelling…
Commentary: Jeffrey Christian of CPM Group bullish on gold – post-2015
Negative sentiment regarding gold and fears over the U.S. Federal Reserve Board “tapering” its QE3 stimulus program have pushed the gold price down to US$1,241 per oz. at press time from close to US$1,700 at the start of the year.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 10, 2013 Precious MetalsPrice…