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Detour Gold founder and former CEO Gerald Panneton. Credit: Sam Crittenden

Detour sinks on CEO’s exit

Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…




Mining operations at Brigus Gold's Black Fox project in Ontario. Credit: Brigus Gold

Primero bids for Brigus Gold

VANCOUVER — It’s been just over two years since gold producer Primero Mining (TSX: P; NYSE: PPP) was outbid for the Young–Davidson gold mine in Ontario by AuRico Gold (TSX: AUG, NYSE: AUQ), but the company…


An aerial view of New Gold's Blackwater gold project in British Columbia. Credit: New Gold

Blackwater looks far-off for New Gold

It looks as though New Gold (TSX: NGD; NYSE-MKT: NGD) will have to wait for more robust gold prices to get its Blackwater project into production.


Toronto Stock Exchange, Dec. 9-13

The S&P/TSX Composite Index fell 155.02 points, or 1.17% to 13,125.70, while the S&P/TSX Capped Diversified Metals & Mining Index shed 13.54 points, or 1.86%, to 715.01 points during the trading week. Gold moved in the opposite…


Drill Hole 4F5 from Zenyatta Ventures' Albany graphite project in northern Ontario. Credit: Zenyatta Ventures

Zenyatta sinks on Albany’s resource estimate

Zenyatta Ventures (TSXV: ZEN) has published its first resource estimate on its 100% Albany vein-type graphite deposit in the Arc of Fire region within northern Ontario’s Porcupine Mining district, sending its shares sliding.



TSX Venture Exchange, Dec. 9-13

The S&P/TSX Venture Composite Index declined for a second straight week during the trading sessions, with a sell-off heading into the holiday season resulting in a 2.4%, or 22.18-point loss, en route to a 894.47-point close. Word on the…


U.S. markets, Dec. 9-13

U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…




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