Shopping for stocks at PDAC
With junior miners struggling for financing, many market watchers have concluded that it’s a buyer’s market — but only if investors can distinguish the quality companies from the ones that won’t last another year or two.
News
Nordgold opens Bissa mine in Burkina Faso
BISSA, BURKINA FASO — Just 15 months after starting construction, Nordgold (NORD-L) has entered production at its Bissa open-pit gold mine in Burkina Faso, located in the rural commune of Sabce, 100 km north of the capital Ouagadougou.
Detour Gold pours first dore bars
Detour Gold (DGC-T) and its shareholders have something to cheer about, as the junior gold explorer has graduated to producer after completing its first gold pour at the large Detour Lake mine in northeastern Ontario, a goal the company has…
Colt gets mining licences for its tungsten, gold projects
Montreal-based explorer Colt Resources (GTP-V) tumbled to a 52-week low after announcing it received two experimental mining licences that allowed it to advance its tungsten and gold exploration projects in Portugal. It likely wasn’t the…
Delaney: Resource extraction to be more costly, difficult
In a speech on the state of the global mining industry, Ian Delaney, chairman of Sherritt International (S-T), stated that the world has entered an era of resource scarcity, in which most large-scale, high-grade deposits have already been…
Toronto Stock Exchange, Feb. 18-22
The S&P/TSX Composite Index advanced during the trading week, adding 15 points to end at 12,701.63, while the other indexes didn’t fare as well.
TSX Venture Exchange, Feb. 18-22
The S&P/TSX Venture Composite Index dropped 3.5%, or 40.97 points, during the trading period before closing out the week at 1,144.68, while declining commodity prices put downward pressure on Canadian markets.
U.S. Markets, Feb. 18-22
The S&P 500’s seven-week winning streak ground to a halt, with the benchmark index falling 0.1% to 1,515.60. The Dow Jones Industrial Average edged 0.1% higher to finish at 14,000.57, and the Philadelphia Gold and Silver Index lost…
Japan and Russia powering uranium rebound
Analysts across the board are forecasting rising uranium oxide prices in 2013, underpinned by China’s drive to build a pile of new nuclear reactors. The effort is well underway with 29 units already under construction, but China is not…
Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining (IMN-T) increased its value with a global resource update on Feb. 11, which was highlighted by a 22% jump in proven-and-probable copper reserves.
Antofagasta confirms more gold in Chile
Antofagasta Gold (AN-V), which recently changed its name from Windamere Ventures, says initial drilling at its Capricornio property in Chile confirms it has made a regional-scale, low-sulphidation epithermal gold discovery.
Commentary: The cyclicality of global mining executive pay
Mining is an unpredictable business, but it’s still cyclical in nature. In good and bad times, the industry faces new, unique challenges, and nowhere is this more evident than in executive compensation.