The investment case for phosphate, Quebec, and Arianne
When Michael Goldberg of Stonecap Securities looks at Arianne Resources (DAN-V) and its phosphate project in northern Quebec he sees one thing: a takeover target.
News
Reservoir, Freeport hit high-grade copper at Timok
VANCOUVER — Vancouver-based explorer Reservoir Minerals (RMC-V) is seeing its 2012 exploration program at its Timok copper-gold property in eastern Serbia pay-off in a big way, and major producer Freeport-McMoRan Copper & Gold…
TSX down as market awaits QE3
The TSX Composite Index went into the Labour Day weekend on a down turn as it shed 148 points to 11,949.26 for the Aug 27-31 period.
Venture recovery hits a snag in August 27-31 period
VANCOUVER — The mid-August rebound of the S&P TSX Venture Composite Index came to a halt in the August 27 to 31 period as four days of losses left the index down 11.14 points at 1,240.74. Volume was in line with recent weeks at an…
Torex plans 2015 start-up for Morelos
Torex Gold Resources (TXG-T) was the most actively traded stock on the TSX after publishing a bankable feasibility study for its Morelos project in the prolific Guerrero gold belt, 180 km southwest of Mexico City.
U.S. equities fall slightly, Aug. 27-31
Hopes of further injections of liquidity from the U.S. Federal Reserve following a speech Aug. 31 by Chairman Ben Bernanke sent gold prices higher and helped stem losses on U.S. equity markets. Bernanke’s remarks that the central bank is…
TSX Venture Exchange
The S&P/TSX Venture Composite Index climbed for a second week, up 18.46 points in the period to end at 1,251.88 points after four days of gains. Volume was fairly consistent and reached an average of 68 million shares traded daily.
Northern Tiger rouses Sleeping Giant
Northern Tiger Resources (NTR-V) has renewed interest in the Sleeping Giant zone at the 3Ace project in southeast Yukon, with some encouraging sample results.
Selwyn advances on two fronts
Rather than fuss with fickle equity and debt markets, Selwyn Resources (SWN-V) wants to raise some of the cash it needs from its own assets.
Sandstorm gets cashed-up
Sandstorm Gold (SSL-V) is looking to raise $150 million so it can add to its precious-metal streams. The sum is comprised of $130 million from a bought-deal financing at $10 per unit, plus up to $20 million from underwriters who can buy…
First Majestic improves Del Toro’s prospects
First Majestic Silver (FR-T) is busy building its Del Toro silver project, which is set to become its fifth producing silver mine in Mexico, with initial production expected by year-end.
US markets
The Dow Jones Industrial Average and the S&P 500 Index ended a five-week winning streak despite glimmers of hope that the U.S. Federal Reserve may provide more stimulus, and news that the European Central Bank could set targets in a new…