GoldQuest soars 313% on new discovery
GoldQuest Mining (GQC-V) shares spiked after revealing a monstrous gold intercept from its 15-hole program at the Las Tres Palmas project in the Dominican Republic.
News
Quaterra completes MacArthur PEA
Quattera Resources (QTA-V) took a step closer this week to near-term production at its MacArthur project, a fully-stripped porphyry copper oxide property in the historic Yerington copper district of Nevada.
Corvus hits more high-grade at new Bullfrog target
VANCOUVER — The latest drill result from the Yellow Jacket target at Corvus Gold’s (KOR-T) North Bullfrog project in Nevada has returned more evidence of a high-grade feeder zone.
Forest fire threatens Kirkland Lake gold country
VANCOUVER — A raging forest fire that ignited on May 20 near the town of Kirkland Lake in north-eastern Ontario has forced residents from their homes, and impacted two active gold operations, as fire crews and the Ministry of Natural…
Labrador Iron Mines: Canada’s newest iron-ore producer
VANCOUVER — Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate as the race is on to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian…
Atna confirms longer mine life at Briggs
Atna Resources (ATN-T, ATNAF-O) outlined in a new technical report this week that it has increased the lifespan of its Briggs gold mine in California by two years to 2017.
Venture hits new lows in May 14-18 period
VANCOUVER — The tough markets took on a whole new level of decline in the May 14 to 18 period. The S&P TSX Venture Composite Index dropped no less than 118.45 points or 8.8% to end at 1227.88 points, its lowest level since October…
TSX spirals downward May 14-18
VANCOUVER — The Toronto Stock Exchange continued to gather downward momentum during the May 14-18 trading period as growing uncertainty in the Euro zone and lagging commodity prices drove the index to seven month lows.
Commentary: Canada’s rise as an energy superpower
Canada is rapidly becoming recognized as one of the world’s energy superpowers. Canada is now the leading foreign supplier of oil to the U.S., delivering nearly twice as much each year as Saudi Arabia, and 90% of natural gas imports to…
U.S. equities suffer worst week of year, May 14-18
Wall Street suffered its worst week this year with the Dow Jones Industrial index shedding 451.22 points or 3.52% to finish at 12,369.38 and the S&P 500 index shrinking 58.17 points or 4.30% to close at 1,295.22. The Nasdaq Composite…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 14 May 11 May 10 May 9 May 8 US$ in C 1.0019 0.9968 1.0017 1.0015 0.9997 …