Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, March 11 2014Precious MetalsPrice…
News
TSX Venture bounces back, Mar. 3-7
The S&P/TSX Venture Composite Index returned to the black during the week, as it posted a 1.7%, or 17.6-point gain, en route to a 1,043.01-point weekly close. The political turmoil in the Ukraine is fuelling market volatility, with…
PDAC: What turns a discovery into a mine?
Less than half of the discoveries made since 1950 have turned into mines so far, Richard Schodde, managing director of Melbourne-based MinEx Consulting, said at the recent Prospectors & Developers Association of Canada’s annual…
Great Quest gets back on track at Tilemsi
VANCOUVER — West African focused junior Great Quest Metals (TSXV: GQ; US-OTC: GQMLF) had a tough year in 2013, as the coup d’état in Mali brought uncertainty around the company’s flagship Tilemsi phosphate project, 120…
TSX posts gains, Mar. 3-7
Disappointing jobs data in Canada showing that the economy shed 7,000 jobs in February — leaving the country’s unemployment rate unchanged at 7% — were offset by news of stronger employment numbers in the U.S. The S&P/TSX…
Every hole a hit as Fission joins zones at PLS
VANCOUVER — Thirty-six holes into a 90-hole winter program, the five drill rigs at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) Patterson Lake South (PLS) project are batting 100% in their hunt for mineralization between the known…
New producer Marlin Gold debuts streaming subsidiary
VANCOUVER — Marlin Gold Mining (TSXV: MLN; US-OTC: MLNGF) just built a gold mine in Mexico’s Sinaloa state for US$23 million. That is intriguing, but on closer inspection, the intrigue deepens.
One of the world’s great rock collections heads to the ROM
A recent donation from Yamana Gold (TSX: YRI) has Toronto’s Royal Ontario Museum (ROM) on the cusp of finally bringing the Kirwin ore deposit collection to Canada.
Markets show signs of financing life
VANCOUVER — For three years the sector struggled through a dearth of financing and mergers and acquisitions (M&A) activity. Two months into 2014, it seems this year will be better: equity valuations are improving, M&A offers are…
The age of paternalism is gone: Bob Rae
Progress is being made at the bargaining table on a framework agreement between the Matawa Tribal Council and the provincial government on advancing the Ring of Fire, said former Ontario premier Bob Rae, who represents the council in the…
Rob McEwen on gold, royalty companies and Argentina
In January 2013 Rob McEwen’s McEwen Mining (TSX: MUX; NYSE: MUX) opened its 100%-owned El Gallo 1 open-pit heap-leach mine in Mexico for $13 million. This year the mine is expected to produce 40,000 oz. gold at an average cash cost of…
Editorial: Korean trade deal helps Canadian coal, aluminum
The Canadian government presented another gift to Canada’s mining industry with the signing of a new free-trade agreement with mineral-hungry South Korea.