Coastal Gold keeps the drills turning at Hope Brook
Coastal Gold (TSXV: COD) is steaming ahead with a resource definition program at its 100% owned Hope Brook gold project in southwestern Newfoundland.
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TSX Venture Exchange, Aug. 26-30
The S&P/TSX Venture Composite Index lost momentum after two weeks of gains during the trading period, falling 7.25 points en route to a 939.31-point weekly close. Investors kept an eye on news of a potential military intervention in Syria,…
Editorial: Unifor – what is it good for?
Nicely timed for the lead up to the Labour Day holiday, the Canadian labour movement celebrated the creation of Unifor on Aug. 31 at its founding convention at the Metro Toronto Convention Centre, attended by 4,000 people.
U.S. Antimony is all-in in Mexico
During the Second World War, Mexico dominated the antimony market, producing more than 30 million lb. per year. But the country lost its edge in subsequent decades, primarily due to inadequate smelting and milling facilities, and…
Glencore Xstrata latest to catch the writedown bug
Despite being one of the most well-diversified commodity companies in the world — with marketing, trading, mining, smelting and shipping assets in metals, oils and agriculture — Glencore Xstrata (LSE: GLEN) was unable to protect…
Gold Fields loses US$129M in Q2 as production costs surpass gold price
VANCOUVER — Gold Fields (NYSE: GFI; JSE: GFI) is preparing for a future of US$1,300 per oz. gold by restructuring all of its operations — and potentially closing some — to bring its production costs back below the gold price,…
Detour Lake gets a jump on commercial production
Earlier-than-expected commercial production at the Detour Lake mine has caught analysts by surprise. Detour Gold (TSX: DGC; US-OTC: DRGDF) reported the milestone at the open-pit gold mine in northern Ontario on Aug. 12, noting that the…
Brigus improves at Black Fox, boosts guidance
VANCOUVER — Halifax-based producer Brigus Gold (TSX: BRD; NYSE-MKT: BRD) is adjusting to challenging market conditions at its Black Fox gold mine in the town of Matheson, Ont. Despite volatile gold prices — which hit a…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 3, 2013 Precious MetalsPrice…
Cayden strikes again at El Barqueo with Pea de Oro
VANCOUVER — It’s been a strong four months for explorer Cayden Resources (TSXV: CYD) and its El Barqueno gold project, 110 km west of Guadalajara in Mexico’s Jalisco state.
U.S. markets, Aug. 26-30
Concern about a possible U.S. air strike against Syria and anxiety about the timing of the U.S. Federal Reserve’s end to quantitative easing sent U.S. markets down. The Dow Jones Industrial Average fell 1.33% to 14,810.31, the S&P 500…
Colorado shares slide despite stepout hits
VANCOUVER — Since hitting 333 metres of copper-gold porphyry in its first hole at the North ROK property in B.C. just four months ago, Colorado Resources (TSXV: CXO) has completed 6,000 metres of drilling and hit mineralization in 10 of…