Mercator on life support
Financially troubled producer Mercator Minerals (TSX: ML; US-OTC: MLKKF) has filed for protection from its creditors in Canada and the U.S.
News
TSX soars, Aug. 25-29
Canada’s main stock index kicked off the Labour Day weekend with a 90.18-point gain to 15,625.73. The S&P/TSX Global Gold Index edged up nearly 4 points to 202.10, helped by a US$6.40 per oz. jump in the gold spot price, which closed…
Paramount’s plan for San Miguel
VANCOUVER — Paramount Gold & Silver’s (TSX: PZG; NYSE-MKT: PZG) new strategy at its wholly owned San Miguel gold–silver project in northern Mexico’s prolific Palmarejo district is all about lowering capital…
TSX Venture on the rise, Aug. 25-29
The S&P/TSX Venture Composite finished in the green for the second straight week during the trading period, as it jumped 1.8%, or 18.41 points, en route to a 1,023.99-point close. Markets followed energy and precious metals futures upward,…
Primero to expand San Dimas
Primero Mining (TSX: P; PPP: NYSE) has green-lighted an expansion of its San Dimas gold–silver mine in Durango, Mexico, a move that will increase production by 25% at a cost of only $26.4 million.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 2, 2014Precious MetalsPrice…
Alamos scores Agi Dagi EIA approval, but Kirazli in limbo
VANCOUVER — It’s been a rocky permitting road for producer Alamos Gold (TSX: AGI; NYSE: AGI) in Turkey given the legal troubles surrounding its Kirazli epithermal gold project. But the company looks to have made some…
All systems go for Roxgold’s Yaramoko mine
It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,…
US stocks advance, Aug. 18-22
U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to…
Midway, Barrick boost Spring Valley resource to 5.5M oz. gold
VANCOUVER — Midway Gold (TSX: MDW; NYSE-MKT: MDW) is best known for its pair of development-stage assets in Nevada — namely its Pan and Gold Rock projects in White Pine County — but the company also has a joint…
Ousted Cliffs CEO to receive US$11M payment
Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.
TSX Venture bounces back, Aug. 18-22
VANCOUVER — The S&P/TSX Venture Composite returned to the black after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points to 1,005.58. Precious metal and energy futures retreated during the…