Canada

TSX Venture Exchange, July 15-19

The S&P/TSX Venture Composite Index capped off a month-long rally with big gains during the trading period, jumping 2.5%, or 21.97 points, en route to a seven-week high of 920.39 points to end the week. Gains were underpinned by surging…


Brigus’ Grey Fox scores a higher grade

VANCOUVER — Halifax-based producer Brigus Gold (TSX: BRD; NYSE-Amex: BRD) is expanding the footprint of its Grey Fox gold discovery in northern Ontario, with an updated resource estimate on July 3 pointing to potential for underground…



Stornoway gets the go-ahead at Renard

Stornoway Diamond (TSX: SWY; US-OTC: SWYDF) has received a positive environmental assessment decision from the Canadian government, being the last major permit the company needs to build its flagship Renard diamond mine in Quebec.


Fortune closes in on final permits at NICO

VANCOUVER — It has been a promising six months for Fortune Minerals (TSX: FT; US-OTC: FTMDF) and its advanced-stage NICO gold-cobalt-bismuth project, 160 km northwest of Yellowknife, N.W.T. The London, Ont.-based company began the year…


Sabina keeps finding high-grade gold at Back River

Sabina Gold & Silver (TSX: SBB) is pulling strong grades from its Back River gold-silver project in Nunavut. The latest results come from the Umwelt and Llama deposits, two of the project’s four main deposits.


In Williams Lake, B.C., on July 22, 2013, anti-mine protestors march to the opening of the federal review public hearing for Taseko MInes' proposed New Prosperity copper-gold mine. Photo By Gwen Preston.

Editorial: Prosperity’s temerity

I visited Taseko Mines’ Gibraltar mine north of Williams Lake, B.C., in 2008. The company bought the shuttered operation in 1998 and restarted it in 2004. Four expansions later, Gibraltar now employs 700 people, churns out 90 million lb….


The mill at Bellekeno under construction in 2010 (now complete). Photo by Mike Burke.

Alexco plans potential shutdown at Bellekeno

VANCOUVER — Vancouver-based producer Alexco Resources (TSX: AXR; NYSE: AXU) is struggling with declining margins at its wholly-owned Bellekeno underground silver mine in the central Yukon. A recent and steep drop in silver prices has…


A drill rig at Banks Island Gold's Yellow Giant gold project in British Columbia's northwest coast. Source: Banks Island Gold

Banks Island set to mine gold in BC

VANCOUVER — Drilling at Banks Island Gold’s (TSXV: BOZ) Yellow Giant high-grade gold project in coastal B.C. is hitting gold along strike and beneath known mineralization, creating potential for a larger resource just as the company…


For Oceanic, it’s steady as she goes

Oceanic Iron Ore (TSXV: FEO; US-OTC: FEOVF) may be a junior trying to develop a costly iron ore project in remote northern Quebec during hard financial times, but over the last year management has come closer to tying up a deal with a potential…


U.S. markets, July 8-12

U.S. stocks closed the trading week in the green, with the Dow Jones Industrial Average adding 2.2%, or 328.46 points, to 15,464.30. The S&P 500 Index rose nearly 3%, or 48.3 points, to 1,680.19, and the Philadelphia Gold & Silver Index…


Toronto Stock Exchange, July 8-12

The S&P/TSX Composite Index beat back the summer doldrums with a 274-point gain, rising to 12,462.18 for the period. The positive momentum came largely on the back of gains in the commodity sector, as oil and metal prices climbed higher.


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