Allied Nevada hits the comeback trail
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) has been one of the more challenged operators in the gold sector in recent years, but its latest production results show a company on the comeback trail.
News
U.S. markets slump as gold rises, April 7-11
It was a weak showing for the U.S. markets, as the Dow Jones Industrial Average fell 388 points to 16,026.75, the S&P 500 was down 48 points to 1,815.69 and the Nasdaq Composite was off 111 points to finish up at 3,999.73.
Turquoise Hill, Rio Tinto expect a delay in Oyu Tolgoi’s financing
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) CEO Kay Priestly says “good progress continues to be made” with the Mongolian government to resolve outstanding shareholder issues at the company’s 66%-held Oyu Tolgoi…
Source finds more gold at Las Minas in Mexico
VANCOUVER — A small drill program has returned a big result for Source Exploration (TSXV: SOP), in the form of a lengthy, well-mineralized intercept from its Las Minas gold–silver–copper project in east–central Mexico.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 15 2014 Precious MetalsPrice…
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Perseus puts out fireat Edikan in Ghana
A fire has put operations on hold at Perseus Mining’s (TSX: PRU; US-OTC: PMNXF) Edikan processing gold plant in Ghana, but the company says things are under control.
Eldorado’s Certej could be ‘platform’ into Eastern Europe
VANCOUVER — On April 7 producer Eldorado Gold (TSX: ELD; NYSE: EGO) unveiled an updated prefeasibility study (PFS) on its 80%-owned Certej gold–silver project in the Apuseni Mountains in western Romania. And though Eldorado…
Agnico Eagle joins Yamana in battle for Osisko
The fight for Osisko Mining (TSX: OSK; US-OTC: OSKFF) has heated up, with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) entering the ring with Yamana Gold (TSX: YRI; NYSE: AUY) to launch a joint friendly takeover bid to beat Goldcorp’s…
Augusta’s Clausen on Hudbay bid, other suitors
Nine interested parties — including a number of “significant industry players” — have signed confidentiality agreements to review the Rosemont copper project in Arizona, Augusta Resource (TSX: AZC; NYSE-MKT: AZC) says.
TSX Venture registers small loss, April 7-11
The S&P/TSX Venture Composite Index had a mixed week before closing down 9.39 points at 997.77 points. Mid-week gains were driven by rising precious metal and energy prices, while underwhelming global economic indicators triggered…
Copper market headed for surplus, GFMS says
Up until the recent sell-off, there had been a prolonged run for copper prices. And the latest survey from Thomson Reuters GFMS says the recent drop in copper prices may not be a blip, but a sign of more weakness to come.