Market news: Toronto Stock Exchange
Toronto’s resource-heavy index fell during the trading week as strong job creation in Canada and the U.S. did little to squash concerns of the fast-approaching fiscal cliff.
News
Commentary: Flow-through donations may be safety net for junior explorers
It’s no secret that tight equity markets are hurting junior mining and other resource exploration firms in Canada, as they struggle to find a vein of capital to keep their operations running and their valuations from leaching away.
Vale gives $125K to Laurentian University
Vale (VALE-N) is donating $125,000 to Laurentian University’s Centre for Research in Occupational Safety and Health (CROSH) in Sudbury, Ont. — home to Vale’s powerhouse nickel assets.
Commentary: How to succeed at community relations
It’s no secret that a successful community relations strategy can pay off for miners looking to forge and maintain good relationships with host communities. Miners’ efforts are much improved in this respect, but expectations have…
Bullfrog a prince for Corvus
Vancouver-based junior Corvus Gold (KOR-T) has released an updated preliminary economic assessment (PEA) on its wholly owned North Bullfrog low-grade gold project in southern Nevada that models a heap-leach mine averaging 74,800 oz. gold…
Western Potash up on positive Milestone feasibility
Western Potash shares (WPX-T) gained nearly 7% after the company published a positive feasibility study showing its proposed Milestone potash solution mine near Regina, Sask., could produce 2.8 million tonnes of potassium chloride (KCl) a…
Gold Fields spins out two mines in SA
Gold Fields (GFI-N) is lowering its South African risk by spinning out a wholly owned subsidiary — which holds the country’s KDC and Beatrix gold mines — into a new firm called Sibanye Gold. While this may sound like a…
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index lost more ground during the trading sessions, dropping 2.8%, or 34.8 points, before closing at 1,186.06. Uncertainty over U.S. economic policy negotiations and the upcoming fiscal cliff offset strong…
Market news: U.S. markets
The theme for the period was competing forces, as an upbeat report on U.S. jobless claims weighed against no progress in budget negotiations for the coming fiscal cliff. The tension between the two made for mixed results over the period, as the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 11, 2012Precious MetalsPrice…
Keegan and PMI merging to form Asanko Gold
With debt and equity financings hard to come by, mine developers are turning to more creative ways to finance their projects.
Dolly Varden hopes to find the next Eskay Creek
The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern B.C.’s Stewart complex for quite some time. Both chairman John King Burns and…