Market news: Toronto Stock Exchange
Toronto’s main index rose during the trading week amid strong jobs data.
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Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index started off the new year with a 26.38-point, or 2.2%, gain following four days of trading that culminated in a 1,228.22-point weekly close on Jan. 4.
Market news: U.S. Markets
The benchmark S&P 500 Index reached its highest close since December 2007 during the holiday-shortened trading week, which saw politicians strike a deal to avert the fiscal cliff, while data from the Institute for Supply Management…
Barrick fails to sell African assets to CNG
Barrick Gold (ABX-T, ABX-N) has ended talks with China National Gold regarding the potential sale of its 74% interest in African Barrick Gold (ABG-L), putting off hopes that the major could distance itself from its…
Rising steel production in India to bolster coking coal prices
Talk of coal usually focuses on the thermal variety — the lower-carbon black rock burned in generators to produce electricity — to the neglect of the higher-quality variety used in steelmaking. The focus makes sense: the world…
Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada at the end of 2012 for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported in the new year.
Candente restarts drilling at Caariaco
Candente Copper (DNT-T) has resumed exploration and feasibility drilling this new year on its Canariaco copper-silver-gold project in northern Peru, sending its shares soaring.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 8, 2013Precious MetalsPrice…
Angkor Gold cashes in on Cambodia
It has been just over a year since Vancouver-based Angkor Gold (ANK-V) went public with its stable of Cambodian exploration projects, and it is looking like the company’s early mover strategy in the developing Southeast Asian nation might…
Santacruz Silver on the fast track
For Mexico-focused Santacruz Silver Mining (SCZ-V), 2013 could be the year that well-planted seeds take root and grow. The Vancouver-based company is working on a trio of advanced-stage silver projects with the goal of achieving inaugural…
Superior Copper revisits the old Coppercorp mine
Superior Copper (SPC-V) is hoping to find a new mine beside an old one as it gears up for another round of drilling on its flagship Batchawana copper property.
Copper Fox falls on Schaft Creek feasibility
After four years of drilling, designing, consulting and number crunching, Copper Fox Metals (CUU-V) has produced a feasibility study for its planned Schaft Creek mine in B.C. that increases throughput by 30% compared to earlier plans, while…