Toronto Stock Exchange, Sept. 16-20
The U.S. Federal Reserve’s surprise announcement to maintain its stimulus program helped lift Toronto markets during the trading week.
Europe
EMED says Rio Tinto is on track as CEO resigns
EMED Mining (TSX: EMD; LSE: EMED), which has been working for several years to satisfy the requirements of the Spanish government so that it can revive the past-producing Rio Tinto copper mine in Andalucia, says it expects to receive all…
Pilot Gold sees district-scale potential in Turkey, Nevada
VANCOUVER — Pilot Gold’s (TSX: PLG; US-OTC: PLGTF) large TV Tower property in Turkey has returned a stream of promising drill results over the past few months, including well-mineralized intercepts from the project’s silver…
Colt gets positive PEA for Tabuaco tungsten project
VANCOUVER — A preliminary economic assessment (PEA) says the tungsten mine that Colt Resources (TSXV: GTP) is planning at its Tabuaco project in northern Portugal works on paper. It’s a vote of confidence for Colt to expand the…
Gabriel takes one step forward, two steps back
Just when Gabriel Resources (TSX: GBU; US-OTC: GBRRF) looked to be getting new traction on developing the Rosia Montana gold mine in Romania, a spate of protests appears to have turned the country’s prime minister against the project.
North American Nickel sees good signs at Maniitsoq
VANCOUVER — The 4,800 sq. km Maniitsoq nickel-sulphide project in southwest Greenland may seem like a large-scale play for a junior, but that ambition may pay off for Vancouver-based North American Nickel (TSXV: NAN; US-OTC: WSCRF).
Dundee tallies gold resource at Kapan in Armenia
Dundee Precious Metals (TSX: DPM) released its much-anticipated maiden resource estimate for the Shahumyan gold deposit at its Kapan mine in Armenia, and the market apparently likes what it sees.
Flinders gains on Woxna graphite PEA
VANCOUVER — Flinders Resources (TSXV: FDR; US-OTC: FLNXF) should be able to restart the mine at its fully owned and permitted Woxna graphite project in Sweden for US$16.7 million, which could be repaid in a few years by selling the…
Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Toronto Stock Exchange, Aug. 26-30
The S&P/TSX Composite Index fell during the trading week amid concerns that Western countries would intervene militarily in Syria’s civil war. Toronto’s main index plunged 108 points to finish the week at 12,653.90.
Carpathian sinks on financing
Carpathian Gold’s shares (TSX: CPN; US-OTC: CPNFF) fell 26% after the company announced a bought-deal financing to finish developing its Riacho dos Machados (RDM) gold project in Minas Gerais, Brazil.
Gabriel pushes forward at Rosia Montana gold project
Gabriel Resources (TSX: GBU) is intent on proving the naysayers wrong and the latest word out of Romania indicates it may well be on its way to doing just that.