High-grade gold results lift Atac
Shares of Atac Resources (ATC-V) climbed nearly 10% after the prominent Yukon explorer released more results from its wholly-owned Rackla gold project, 55 km northeast of Keno City.
News
Update: Drilling at Martiniere boosts Balmoral
Shares of Balmoral Resources (BAR-V, BALMF-O) surged nearly 40% in the three trading days after the junior explorer reported results on Aug. 16 from its summer drill program at its flagship Martiniere property in Quebec.
Inmet, Franco-Nevada ink Cobre Panama deal
VANCOUVER — In a highly-anticipated move, base-metal producer Inmet Mining (IMN-T) has closed a financing deal with streaming company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion in a bid to cover a funding shortfall at its…
Rocky times for Great Basin Gold
Technical and infrastructure challenges at Great Basin Gold’s (GBG-T, GBG-N) two principal projects hammered its revenues in the second quarter and the company says it faces a near-term liquidity crisis. A strategic review has been…
Venture rallies during Aug. 13-17 period
VANCOUVER — The S&P TSX Venture Composite Index rallied to its highest level since early July during the August 13 to 17 period, rising 42 points or 3.6% en route to 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to…
TSX moves higher on Eurozone hopes, Aug. 13-17
The S&P/TSX Composite Index jumped 199 points or 1.7% during the Aug. 13-17 trading week to close at 12,089.89.
U.S. markets up for sixth consecutive week, Aug. 13-17
The Dow Jones Industrial Average and the S&P 500 posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supported the European Central Bank’s efforts to fight debt, and…
Premier hits more high grade at Trans-Canada
In an exploration update, Premier Gold Mines (PG-T, PIRGF-O) says it continues to intersect and expand on several horizons at its Trans-Canada gold project in northwestern Ontario, while hitting multiple high-grade intercepts. A bulk of the…
Nautilus stays the course
Starting the world’s first seabed mining operation was never going to be simple, but for TSX-listed Nautilus Minerals, the challenges have been multiplying.The logistics of commercially mining 1.6 km below sea level — which would…
Roxgold tables initial resource at Yaramoko
Roxgold (ROG-V) is advancing its Yaramoko gold project in Burkina Faso, West Africa, despite lingering questions stemming from an unresolved proxy battle with a group of prominent shareholders.
US markets
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the trading week at 13,207.95, the broader S&P advanced 15 points to 1,405.87, the Nasdaq Composite Index climbed 53 points to 3,020.86 and the…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…