Editorial: Is Pretium petering out?
The Pretium saga brings to mind the old joke about the ever-optimistic geologist seeing that the glass is half full, while the mining engineer sees only that the glass should be reduced in size by 50%.
News
Neita looks good for Unigold
Unigold (TSXV: UGD; US-OTC: UGDIF) may have more on its hands with its Neita property in the Dominican Republic than first believed.
The battle continues at Taseko’s New Prosperity
VANCOUVER — The permitting saga has lasted nearly four years for B.C.-based copper producer Taseko Mines (TSX: TKO; NYSE-MKT: TGB) and its New Prosperity copper-gold project, 125 km southwest of Williams Lake, but the proposed…
Toronto Stock Exchange, Oct. 28 – Nov. 1
The S&P/TSX Composite Index was down 65 points to 13,337.46 for the period, with a weak gold sector contributing to the slump.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 5, 2013Precious MetalsPrice…
Interview: Pretium’s Quartermain on the Strathcona fallout, and the road ahead
Pretium Resources (TSX: PVG; NYSE: PVG) president and CEO Robert Quartermain spoke with The Northern Miner on Oct. 29 about the controversy that’s swirled around the company since the shocking Oct. 8 resignation of highly regarded…
U.S. markets, Oct. 28 – Nov. 1
U.S. markets gained momentum during the trading week as investors assessed corporate earnings. The Dow Jones Industrial Average advanced 45 points to 15,615.55. The broader S&P 500 Index edged up nearly 2 points to 1,761.64. The Nasdaq…
Polyus hit by lower gold prices
Even the Russians are feeling the bite of a bitter gold market. The country’s biggest gold producer Polyus Gold (LSE: POLG; US-OTC: OPYGY) reported that revenues were off 9% for the quarter, compared to the same period last year.
TSX Venture Exchange, Oct. 28 – Nov. 1
The S&P/TSX Venture Composite Index took a breather during the trading sessions after posting big gains over the past three weeks, with falling commodity prices contributing to decrease of 1.9%, or 18.25 points, en route to a 955.33-point…
Digging into the Ross River ruling by the Yukon Supreme Court
VANCOUVER — In September the Supreme Court of Canada dismissed an appeal by the Yukon government of a case that had caused a stir across the industry. The case involved a 2011 ruling by the Yukon Supreme Court, pursuant to a claim by the…
Barrick shelves Pascua-Lama
Barrick Gold (TSX: ABX; NYSE: ABX) has suspended construction at its controversial Pascua-Lama gold-silver project in Argentina and Chile, citing lower metal prices and regulatory and legal uncertainties.
Suncor, Total and Teck green-light $14B Fort Hills oilsands megaproject
Suncor Energy (TSX: SU; NYSE: SU) and its partners Total E&P Canada Ltd. (a subsidiary of Paris-based Total (NYSE: TOT) and Teck Resources (TSX: TCK.B; NYSE: TCK) are proceeding with the Fort Hills oilsands mine project in Alberta’s…