Letter to the editor: Junior gold stocks still the place to be
I read with interest Peter Besler’s article on making money on junior resource stocks (T.N.M., March 25-31/13); however I do not think his methodology applies at the present time.
News
Hudbay continues to build on Manitoba legacy
VANCOUVER — Canadian base metal producer Hudbay Minerals (HBM-T) laid a foundation for success on the Flin Flon greenstone belt in northern Manitoba roughly 85 years ago. During that time the company has developed 26 mines in the region…
Editorial: Breaking Branco
Luciano Branco’s long and soul-destroying battle with insurance firms AIG and Zurich has finally reached some satisfaction in the courts, with a Saskatoon judge awarding the injured Portuguese-Canadian welder $450,000 in aggravated…
Coalspur advances Vista with key contracts
Coalspur Mines (CPT-T, CPL-A) believes its Vista coal project situated about 2 km from a Canadian National (CN) Rail line in Alberta has the potential to become one of the largest export thermal coal mines in North America.
Northern Vertex plans for pilot production at Moss
VANCOUVER — Northern Vertex Mining (NEE-V) wants to get into production as soon as possible, and the junior has taken a big step in this direction with a preliminary economic assessment (PEA) of its Moss project in Arizona that lays…
Honouring Kirkland Lake’s heritage
In 1911 the first bar of gold in Ontario’s Kirkland Lake gold camp was poured at the Tough-Oakes mine. One century and 42.5 million oz. gold later, a group of friends met for coffee and decided to make a bronze plaque to commemorate the…
Commentary: Juniors can still raise capital if they learn from the past
As many in the mining sector are well aware, junior mining companies are having a harder time accessing capital markets for financing. Even when they are able to get their hands on some money, the financing comes with more onerous terms than…
Senegal gov’t hikes Teranga’s royalty rate
Teranga Gold (TGZ-T), which has been producing gold from its Sabodala open-pit gold mine in the Senegal since March 2009, has agreed to amend its stability agreement with the government to increase the royalty rate on production to 5% from 3%,…
Toronto Stock Exchange, April 8 – 12
It was a bumpy ride for the resource-heavy TSX during the trading week as the gold price tumbled.
TSX Venture Exchange, April 8 – 12
The S&P/TSX Venture Composite Index followed commodities downward during the trading period, dropping 1.8%, or 19.24 points, en route to a 1,022.61-point weekly close.
U.S. markets, April 8 – 12
U.S. equity indexes rose four days in a row, with the Dow Jones Industrial Average and the S&P 500 posting new closing highs on April 11.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 6, 2013Precious MetalsPrice…