Editorial: Spreadsheets vs. reality
The best-laid schemes o’ the mining industry’s mice an’ men gang aft agley an awful lot these days, leaving investors with nothing but “grief an’ pain, for promis’d joy!”Yea, the inability of mining…
Canada
Avalon expands Nechalacho resource
Avalon Rare Metals (AVL-T, AVL-X) reports that exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare-earth deposit in the Northwest Territories by 73% to 152.3 million tonnes grading 1.32% total…
Q&A with Agnico’s Sean Boyd
At a time when investor sensitivities to management miscues and misguided strategies are running high, Agnico-Eagle Mines (AEM-T, AEM-N) stands out as a miner that has stuck to its mantra of providing stable growth with low political risk . . ….
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second-quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax write-down on its Francoeur mine in Quebec.
Comstock attracts attention with Yukon trenching
VANCOUVER — Comstock Metals (CSL-V) has caught the eye of investors with some enticing trench and sample results from its QV project in Yukon’s White Gold district.
Commentary: Ontario and Quebec propose changes to mining rules
Interestingly, both Ontario and Quebec are proposing significant changes to their respective mining legislation.
Pretium’s record-breaking grades at Brucejack
VANCOUVER — Pretium Resources (PVG-T, PVG-N) continues to pull incredibly high gold hits from its Brucejack project in northern British Columbia.
Premier hits more high-grade at Trans-Canada
In an exploration update, Premier Gold Mines (PG-T) says it continues to intersect and expand on several horizons at its Trans-Canada gold project in northwestern Ontario, while hitting multiple high-grade intercepts.
Venture slips on low volumes in July 23-27 period
VANCOUVER — The S&P TSX Venture Composite Index slipped 5.55 points in the July 23 to 27 period to end at 1,190.64 points after two days of losses outweighed three days of gains. Volume was down considerably, coming in roughly 20…
[Update] Barrick unveils setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.
Mega Precious can’t help but think big
Mega Precious Metals (MGP-V) could be the most aptly named gold company on the junior circuit. With assets in Manitoba and Ontario, the company’s well-heeled management team thinks bigger is better when it comes to mining. The philosophy…
Toronto Stock Exchange
The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…