TSX advances, Oct. 20-24
The S&P/TSX Composite Index ended the trading week in positive territory, jumping 316 points to 14,543.82, but the gold and diversified miners didn’t follow the upward trend. The S&P/TSX Global Gold Index dipped 3 points to…
News
Podcast: Rick Rule – Platinum and palladium “in real short supply”
Sprott US Holdings CEO Rick Rule shares his view on commodities, his investment strategy, and the junior exploration sector.
Rob McEwen defies gravity
Commercial flights to the edge of space on Virgin Galactic’s SpaceShipTwo are supposed to start in March 2015, after the company’s billionaire founder Richard Branson and his son Sam make the trip first.
Canadian Mining Hall of Fame to fete mining leaders
The Canadian Mining Hall of Fame will honour four industry greats at its annual induction dinner on Jan. 15, 2015, in Toronto. This year’s inductees are Peter M.D. Bradshaw, Ronald K. Netolitzky, Ian Telfer and Mackenzie Iles Watson. The…
Volatility hits US stocks, Oct. 13-17
U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 21, 2014Precious MetalsPrice…
Gold output picks up at Perseus’ Edikan mine
Perseus Mining (TSX: PRU; ASX: PRU) is cleaning up its act, and has at least one analyst taking notice.
Editorial: Some satisfaction for Gold Reserve and Kinross
“Never, never, never give up.” More often than not in mining, this proves to be great advice.
Gold Reserve wins US$740M in ‘stunning victory’ against Venezuela
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one…
A growing Mandalay remains Desjardins’ top pick
Mandalay Resources (TSX: MND; US-OTC: MNDJF) has bumped up its full-year production guidance after reporting solid third-quarter numbers.
Iron ore price collapse claims more victims
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…
TSX clings to tiny gain, Oct. 14-17
After six straight weekly declines, Canada’s main stock exchange ended the trading week in positive territory — but just barely. The S&P/TSX Composite Index rose 0.32 of a point to 14,227.68, while the S&P/TSX Capped…