Gold miners weigh on TSX, March 24-28
Weaker gold prices and slumping tech stocks outweighed signs of an improving economy south of the border, and the S&P/TSX Composite Index fell 100 points to 14,178.84 points for the period.
News
Commentary: Coal down but not out
The following is an edited excerpt of a speech about the global outlook for coal by Dean Dalla Valle, president of BHP Billiton Coal, at the CEDA Energy and Resources series in Brisbane, Australia, where BHP has consolidated its metallurgical…
TerraX Minerals explores for gold north of Giant mine in Yellowknife
A little over a year ago, TerraX Minerals (TSXV: TXR; US-OTC: TRXXF) acquired the Northbelt gold property, just north of the past-producing Giant mine and 15 km north of the city of Yellowknife in Canada’s Northwest Territories.
Lake Victoria Mining sells gold forward
When it comes to finding ways to raise money in today’s beaten down junior financing market, Lake Victoria Mining (US-OTC: LVCA) seems to have taken the task to a whole new level.
Wallbridge to put Broken Hammer into production
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is building an open-pit mine in April at its Broken Hammer copper–platinum group metal project in Sudbury, Ont., and says production should start in June. Total capex is $1 million.
Uranium Energy gets US$10M cash injection
Texas-based Uranium Energy (NYSE-MKT: UEC) has drawn down another US$10 million from its previously announced US$20-million credit facility, after its lenders agreed to defer the required principal payments by two years, providing the company…
Why building a mine on budget is so rare
There is an established history of capital-cost overruns in the mining industry stretching back at least 50 years, mining analyst Christopher Haubrich told the Prospectors & Developers Association of Canada (PDAC) conference in Toronto in…
Victoria Gold’s mission: Build Yukon’s first major gold mine
MAYO, YUKON — To prospectors, Yukon and gold are almost synonymous, an equivalence the territory earned by churning out 20 million oz. placer gold. It is odd to think, then, that Yukon has never been home to a significant hard-rock gold…
PE firm Denham Capital takes people-first approach
Private equity firm Denham Capital has invested in four mining ventures in South America and Africa since 2008, and is close to signing a fifth deal, this one with a team in Australia.
Fortuna Silver keeps the faith with future growth
While some analysts remain bullish on Fortuna Silver Mines (TSX: FVI; NYSE: FSM), the overall market doesn’t seem to agree.
Activist shareholder criticizes Sherritt International
A Halifax-based investment company that owns shares in Sherritt International (TSX: S) is calling for a change at the Toronto-based company, which it accuses of making “ill-considered acquisitions” and dishing out…
Dow Jones rises and S&P 500 falls, March 24-28
Comments from Chinese Premier Li Keqiang that China would likely invest in infrastructure to bolster economic growth while the U.S. shows a strengthening economy — with consumer spending rising 0.3% in February after a 0.2% gain in…