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Kinross leads majors for investments in junior gold plays

After betting US$7.1 billion last fall on the expansion potential of Red Back’s Tasiast gold mine in Mauritania, Kinross Gold (k-t, kgc-n) chief executive Tye Burt told reporters his company’s buying spree had come to an end for a while. “We’ve…



Pele shares surge on Eco Ridge’s positive PEA

Pele Mountain Resources’ (gem-v) shares continued to climb today on the back of a positive preliminary economic assessment (PEA) for the company’s Eco Ridge mine rare earths and uranium project in Elliot Lake, Ont.  


Peabody Energy among those picked to develop Tavan Tolgoi

Shares of Peabody Energy (BTU-N) jumped US$1.30 or 2.2% to US$60.69 following reports on July 5 that Mongolia had chosen it as part of a global energy consortium including China Shenhua Energy and a Russian-Mongolian group to develop its…





Champion Minerals shares jump after shareholder rights plan

As rumours swirl that Champion Minerals (CHM-T) might become a takeover target for Arcelor Mittal (MT-N), the junior has adopted a shareholder rights plan. The news sent the company’s shares up 20% or 30¢ apiece on July 4 to close at $1.80.


Mawson West releases Kapulo feasibility study

Vancouver – Despite only listing on the TSX in March, Mawson West (MWE-T) has already released a feasibility study on the Kapulo target at its Dikulushi concessions thanks to previous work as an Australian-listed and unlisted company.



TSX continues to climb

The TSX Composite Index continued to climb during the abbreviated June 27-30 trading week, posting four straight days of gains. The index moved up 391.98 points to 13,300.87, as commodity prices rose and the Greek parliament approved a second…


U.S. stocks rally, June 27-July 1

U.S. equities posted five straight days of gains during the June 27-July 1 trading week (the best weekly performance in two years) with the Dow Jones Industrial Average climbing 5.4% or 648.19 points to close at 12,582.77. The S&P 500 index…


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