Iron ore outlooks turn gloomy
VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…
News
El Chanate writedown surprises AuRico shareholders
Despite a $127-million writedown of the El Chanate mine in Sonora, Mexico, Canaccord Genuity analyst Rahul Paul says he isn’t changing his investment thesis on AuRico Gold (AUQ-T, AUQ-N) and is maintaining his US$11 price target on the…
Aurizon gets Casa Berardi back up and running
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Endeavour works to win market favour
Endeavour Mining (EDV-T) has its own way of dealing with recent stingy market valuations for gold companies: the company puts its head down and digs.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 2, 2013 Precious MetalsPrice…
Grey Fox grows for Brigus
Brigus Gold (BRD-T, BRD-X) looks to have a bigger gold property on its hands than it anticipated.
Editorial: Whither gold?
Gold is a wonderful symbol of indestructible beauty, but all kinds of gold investment strategies have been going down in flames this year.
Tough markets will bring more proxy contests in 2013
Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and has acted in a number of proxy battles on behalf of both activist shareholders and target companies. Last year Davies represented Bill Ackman and his hedge fund…
First Point and Cliffs envision a nickel mine at Decar
VANCOUVER — A preliminary economic assessment (PEA) for the Decar project in central B.C. estimates an open-pit mine at the site could produce nickel commercially for joint-venture owners First Point Minerals (FPX-T) and Cliffs Natural…
Midway gets key permit, pushes Pan closer to production
Midway Gold (MDW-V, MDW-X) is closer now to production than ever, with the Nevada state government handing the company the water pollution control permit needed for its Pan Gold project.
Toronto Stock Exchange, April 1 – 5
The TSX gave away what it gained for investors so far this year, as the S&P/TSX Composite Index dropped 420 points to close at 12,331.85 for the period.
TSX Venture Exchange, April 1 – 5
The S&P/TSX Venture Exchange was not spared in the storm that tore through world markets, managing only one positive day, which wasn’t enough to repair the damage: the index ended the week down 57.2 points, or 5%, at 1,041.85. The…