TSX Venture closes in the green, Sept. 14-18
The S&P/TSX Venture Composite Index had a bumpy ride, but gained 2.71 points en route to a 549.91-point close.
Canada
Optimists see ‘gems’ in besieged coal markets
VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
Wesdome ‘proud’ of its Ontario gold mines
For a company that hasn’t had to raise equity since 2006 and whose last financing was a $7-million convertible debenture in 2012, which isn’t due until 2017, Wesdome Gold Mines (TSX: WDO; US-OTC: WDOFF) has performed fairly well…
Noront CEO outlines big plans for Ring of Fire
VANCOUVER — Noront Resources (TSXV: NOT; US-OTC: NOSOF) has emerged as a leader across the Ring of Fire region in the James Bay Lowlands of Northern Ontario, and it has a long-term plan in the works that it hopes will establish a…
Wallbridge lures Lonmin to Parkin project
South Africa-based Lonmin (LSE: LMI), one of the world’s largest primary producers of platinum group metals (PGMs), has signed an option agreement to earn a 50% initial interest in Wallbridge Mining’s (TSX: WM) four Parkin…
Galaxy Broadband, Spectrum Telecom link up in northern Ontario
Galaxy Broadband has announced that Spectrum Telecom will represent the enterprise telecommunications provider in northern Ontario.
Letter to the editor: PM Harper at the PDAC
Stephen Harper is the only Canadian prime minister to ever attend the annual Prospectors & Developers Association of Canada convention in Toronto. As a show of respect on election day Oct. 19, he’ll have my vote.
Rambler Metals and Thundermin propose merger
Less than two months after a prefeasibility study showed that Rambler Metals & Mining (TSXV: RAB; LSE:RMM) could extend the life of its underground Ming copper-gold mine in Newfoundland’s Baie Verte region from six to 21 years, the…
Red Pine recruits veteran advisors Watson, Franklin, Desrochers for Wawa project
At the end of August, Red Pine Exploration (TSXV: RPX; US-OTC: RDEXF) completed its earn-in for a 30% stake in the Wawa gold project, which hosts eight past-producing gold mines with average grades of 8.9 grams gold per tonne, 2 km southeast of…
Richmont goes deep at Island Gold mine
At a time when many companies are putting exploration plans on hold to weather the downturn in metals markets, Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is doing exactly the opposite.
Capstone cuts spending, suspends work at Santo Domingo in Chile
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
TSX Venture moves lower, Sept. 8-11
The S&P/TSX Venture Composite Index closed in the red for the second week after a loss of 1%, or 5.41 points, en route to a 547.20-point close. Falling energy futures drove losses , while the U.S. Federal Reserve and the Bank of England…