Canada

Labrador Iron Mines: Canada’s newest iron-ore producer

Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers looking to market iron ore…


Prophecy Platinum sees promising signs at Wellgreen

Things keep rolling along for Vancouver-based Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon. The junior released a flurry of news to end May, including a maiden full-spectrum…


Harry Winston Q1 misses consensus

Harry Winston Diamond’s (HW-T, HWD-N) earnings for the first quarter of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations.  


Barrick slides on management changes

Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.


Aurizon stresses patience with Joanna development

VANCOUVER — Cashed-up gold producer Aurizon Mines (AKZ-T, AZK-X) has taken a step-back from the development threshold on its Joanna gold property 20-km-east of Rouyn-Noranda, Quebec. The company made the decision following the release of…



[Update] Positive PEA for Sabina’s Back River

A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…




TSX Venture Exchange

The S&P/TSX Venture Composite Index clawed back much of the steep losses it had suffered the week prior, gaining 81.39 points to end the period at 1,309.27 points after four days of straight gains. The gains came despite fairly low volumes,…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 28 May 25 May 24 May 23 May 22   US$ in C 1.0241 1.0285 1.0275 1.0275 1.0191  …


Photo by The Ministry of Natural Resources

Forest fires threaten Kirkland Lake, Timmins

Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes and impacted four regional gold operations. Fire crews and the Ministry of Natural…


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