TSX gains during August 8-12 trading week
Over the Aug. 8-12 trading period, the S&P/ TSX Composite Index gained 559.68 points or 2.85%, to 20,179.81. The S&P/TSX Global Mining Index added 2.33 points or 2.51% to 95.05,…
Metals and Minerals Markets
Canadian miners in Mexico Snapshot: Eight companies to watch
With its mining friendly policies, highly prospective mineral belts, and well-developed infrastructure and regulatory regimes, Mexico is an attractive jurisdiction for mining companies of all sizes. Below are eight companies…
Pure Gold cuts Red Lake resource base by 20%
Pure Gold Mining (TSXV: PGM) has released an updated mineral resource estimate for its namesake operation in Ontario’s Red Lake gold camp, reporting 20% fewer ounces in the resource categories….
K92 reports 10.8M oz gold-equivalent resource for Blue Lake porphyry, near its Kainantu mine
K92 Mining (TSX: KNT) has released a first resource for its Blue Lake gold porphyry project, only 4 km southwest of its Kainantu mine in Papua New Guinea. Inferred resources total…
Resource and grade growth bodes well for Osino’s Twin Hills prefeasibility
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has released an updated resource estimate for the Twin Hills gold discovery in Namibia, which could add more ounces to the company’s impending prefeasibility…
Coeur Mining downgraded on heightened balance sheet risk
Despite Coeur Mining (TSX: CDE) reporting June-quarter production and costs mainly in line with Bay Street estimates, at least one analyst has downgraded the issuer while flagging concern over perceived…
Canadian mining star Ned Goodman passes
Canadian miners are mourning the passing of industry heavyweight Ned Goodman (1936-2022). Over more than 30 years, Goodman has made transformative and enduring contributions to Canada’s minerals industry and capital…
Hundreds of new mines required to meet 2030 battery metals demand, finds IEA report
Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found. In…
Capex edges higher in Iamgold’s latest update for Cote gold JV
Iamgold (TSX: IAG ; NYSE: IAG) on Wednesday announced another increased estimate of capital expenditures for its 70%-owned Côté gold joint venture in northern Ontario that it holds with Sumitomo…
Signal Gold shares rise on government green light for Nova Scotia project
Shares of East Coast-focused Signal Gold (TSX: SGNL) rose 17% Wednesday on the news that its Goldboro gold project has been approved by the Nova Scotia government. The environmental assessment approval,…
One ‘Zamazama’ dead, 46 arrested in South Africa’s Witwatersrand Basin
About 700 tonnes of gold-bearing material valued at about $191,357 (ZAR2.5 million) has been recovered in a multidisciplinary enforcement action on eight premises on Monday in South Africa’s West Rand,…
S&P/TSX Venture Composite Index ends July 25-29 week stronger
The S&P/TSX Venture Composite Index gained 38.07 points or 6.26% over the July 25-29 trading session to end the week at 646.04. Battery metals companies were the top gainers in…