Endeavour to grow in West Africa with True Gold offer
VANCOUVER — Endeavour Mining (TSX: EDV; US-OTC: EDVMF) CEO Neil Woodyer describes his growth strategy as “buy and build,” and his company is doing a bit of both this year. On…
Africa
Semafo unveils strong economics at Natougou
VANCOUVER — West African-focused producer Semafo (TSX: SMF; US-OTC: SEMFF) looks to have a top-notch asset on its hands with the Natougou gold deposit, which lies 320 km east of the capital…
Nevsun sees bright future at Bisha
It’s a transformative year for Nevsun Resources (TSX: NSU; NYSE-MKT: NSU), as the company and its 40% joint-venture partner, Eritrean National Mining, remain on schedule and under budget to complete…
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
TSX ends mixed, Feb. 1-5
Toronto’s S&P/TSX Composite Index slipped 0.5% to 12,763.99 after a poor jobs report, while oil prices dropped and gold prices rebounded. The S&P/TSX Global Mining Index rose 9.4% to 45.25, while the S&P/TSX Capped Diversified…
Asanko pours first gold in Ghana
Asanko Gold (TSX: AKG; NYSE-MKT: AKG) has started gold production at its namesake mine in Ghana, becoming the newest mine in the West African country.
TSX rises on higher oil prices, Jan. 18-22
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…
Endeavour, Detour exit 2015 on a high note
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) and Detour Gold (TSX: DGC; US-OTC: DRGDF) — two of the gold sector’s top share-price performers last year — reported strong fourth-quarter and full-year production results in 2015…
Top gold performers in 2015
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….
US stocks stay afloat, Dec. 23-31
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual…
Worry over Chinese demand is overdone, Aussie analyst says
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…