U.S. factory output contracted in May for the second time in three months and consumer prices fell 0.3 percent, but news late in the week that major central banks were prepared to take collective action to provide liquidity and prevent a credit…
On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…
The S&P/TSX Venture Composite Index was virtually unchanged in the period, ending up a little over a point at 1,292.93. Volume also saw little change in-line with recent weeks, at a daily average of 69 million shares traded.Aurcana was the…
While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year.Such bullishness can be attributed to the company’s enviable position…
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
The first phase of production at McEwen Mining’s (MAQ-T, MUX-N) El Gallo deposit in Sinaloa, Mexico, is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured, indicated…
Alexis Minerals (AMC-T) is looking to redeem itself by restarting the Snow Lake gold mine in Manitoba, with the help of a conditional financing.Credit Suisse has agreed to provide the junior US$45 million to revive the past-producing mine…
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 11 June 8 June 7 June 6 June 5 US$ in C 1.0283 1.0332 1.0244 1.0297 1.0414 …
Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…
Mawson Resources’ (MAW-T) share price has spiked after the company released a bonanza-grade drill intercept from its Rompas gold property in northern Finland.Standout hole 11 returned 6 metres grading 617 grams gold per tonne uncut…
Cline Mining (CMK-T) is suing the B.C. government for $500 million in compensation for the coal licences it lost when the government banned mining in the Flathead valley.The B.C. government made the surprise announcement in February 2010 that…
High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Selwyn lead-zinc underground mine in the Yukon as its tries to make the project affordable.The company, which is developing the Selwyn…
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