Volume 99 Number 51 Feb 3 - 9, 2014

Coal is still king in China

VANCOUVER — Shaanxi Coal Industry is preparing for its initial public offering (IPO) and expects to raise $1.6 billion by selling shares representing just 10% of the company. It’s a good reminder that coal is still big business in…


Toronto Stock Exchange, Jan. 20-24

Disappointing manufacturing data in China, battered currencies in many emerging markets and renewed anxiety over the U.S. Federal Reserve’s plan to taper its bond purchases slammed many North American equities. The S&P/TSX Composite…


US markets, Jan. 20-24

Investors soured on U.S. equities over the holiday-shortened period, as the Dow Jones Industrial Average fell 580 points to 15,879.11, the S&P 500 Index lost 51 points to 1,790.29 and the Nasdaq Composite Index was off 94 points to 4,128.17.


TSX Venture Exchange, Jan. 20-24

The S&P/TSX Venture Composite Index took a breather during the trading sessions following a month-long run that saw it close near a three-year high last week. The Venture dropped 9.03 points during the trading period en route to a…


Boen Tan (left), chief geologist, and Richard Mazur, president and CEO of Forum Uranium, examine an outcrop in Saskatchewan's Athabasca basin. Credit: Forum Uranium

Forum Uranium hopes 2014 will be a breakout year

For a pint-sized explorer and developer with a market capitalization of $11 million and $4 million in cash, Forum Uranium (TSXV: FDC; TSX: FDCFF) has grand plans for its projects in Saskatchewan and Nunavut. But then the company also has some…


Grade-control drilling in the Harena pit at Nevsun Resources' Bisha copper-gold mine in Eritrea. Credit: Nevsun Resources

Nevsun meets its 2013 copper guidance at Bisha

The recent switch from producing gold to copper from Nevsun Resources’ (TSX: NSU; NYSE-MKT: NSU) Bisha mine in Eritrea has gone well for the East Africa-focused miner, which reached the top end of its 2013 copper-production guidance.


Endeavour Silver's El Cubo silver-gold mine in Guanajuato, Mexico, produced 1.2 million oz. silver and 17,142 oz. gold in 2013. Credit: Endeavour Silver

Endeavour Silver hits all the right notes in 2013

VANCOUVER — An impressive fourth quarter capped off a strong year for mid-tier producer Endeavour Silver (TSX: EDR; NYSE: EXK) at its trio of Mexican silver mines. The company announced on Jan. 9 that its fourth-quarter production…


Milestones ahead for Kennady Diamonds in NWT

Kennady Diamonds (TSXV: KDI; US-OTC: KDIAF) — whose share price soared 277% to $5.24 per share in 2013 — is among 16 junior companies Haywood Securities believes offer short-term investment opportunity with strong management teams,…


Conveyors move material in the processing plant at Coeur Mining's Kensington gold mine, 70 km northwest of Juneau, Alaska. Credit: Coeur Mining

Coeur’s 2014 production guidance causes concern

Coeur Mining (TSX: CDM; NYSE: CDE) has missed its 2013 silver production guidance, but delivered more gold than expected, helping it meet its silver-equivalent target. But some analysts are grumbling over the company’s…




Correction

The item “2014 PDAC Awards” on page B20 of the PDAC preconvention supplement (T.N.M., Jan. 20–26/14 and Jan. 20–Feb. 2/14) included two spelling errors in the identification of the Skookum Jim Award winner: Jim MacLeod,…


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