TSX tumbles during May 7-11
It was all downhill for the Toronto Stock Exchange during the May 7-11 trading week as uncertainty in Europe continued and worries over China’s slowed growth increased, offsetting strong job creation data from Canada.
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Venture slides in May 7 to 11 period
VANCOUVER — The S&P TSX Venture Composite Index dropped 4.2% in the May 7 to 11 period, losing 58.72 points to end at 1,346.33 points after three days of losses outweighed two days of gains. Investor caution is clearly taking hold,…
U.S. stocks retreat again, May 7-11
More alarming economic data from China and the European Union, China’s biggest export market, along with political deadlock in Greece, combined to send U.S. equities down sharply during the May 7-11 trading week. China’s industrial…
Moneta Porcupine boosts Golden Highway
Just four months after reporting a 3.1-million-oz. gold resource from three open-pit zones at its flagship Golden Highway project 100 km east of Timmins, Moneta Porcupine Mines (ME-T) is back in the news with drill results from a fourth zone…
B2 Gold shows faith in Calibre
B2Gold (BTO)-T will help finance Calibre Mining’s (CXB-V) exploration activities in Nicaragua by purchasing 20 million Calibre units for $5 million in cash.
El Morro hits a road bump
Following the Chilean Supreme Court’s move to temporarily suspend the environmental permit for the El Morro copper-gold project, an analyst says the project should be shelved until the next decade.
Editorial: Blood diamond victims get some justice
Another sad chapter in Africa’s modern history has come to a close. The former Liberian President Charles Taylor was convicted by the United Nations-backed Special Court for Sierra Leone in The Hague of aiding and abetting war crimes in…
Commentary: Canadian miners’ ability to attract talent takes hit
The March 2012 federal budget in Canada sent shockwaves through the nation’s resource sectors when it announced the scheduled phase-out of the overseas employment tax credit (OETC) by 2016. Now, Canadian mining and metals companies…
Metals, Mining and Money Markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 8, 2012 Precious MetalsPrice…
Nunavut explorers fired up for 2012
Nunavut has been a tough place for gold companies of late, with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay gold project and Agnico-Eagle Mines (AEM-T, AEM-N) cutting years off its new Meadowbank gold mine in the face of cost overruns.
Allana pumps up potash resource at Dallol
Toronto-based explorer Allana Potash (AAA-T) took a step closer to -releasing a bankable feasibility study on its Dallol potash project in Ethiopia when it released an updated resource estimate to kick off May.
AuRico adds third mine to its portfolio
AuRico Gold (AUQ-T) has added another mine to Kirkland Lake’s heritage.