Timmins gains ‘breathing room,’ thanks to gold rally
VANCOUVER — Mexico-focused Timmins Gold (TSX: TMM; NYSE-MKT: TGD) will stay in the gold mining business thanks to the sustained rise in precious metal prices over the past six months. Eight…
Mexico and Central America
Dynasty Metals shares surge on proposed US$4M financing
Shares of cash-strapped Dynasty Metals & Mining (TSX: DMM; US-OTC: DMMIF) have shot up after the company announced a US$4-million private placement with three directors of Goldgroup Mining (TSX: GGA;…
TSX reaches new year high, Aug. 8–12
During the second week of August, Canada’s benchmark index touched a 13-month high, contributing to a 0.7% weekly gain to close at 14,747.45. The index has been one of the…
Excellon swings back into profit as costs fall
Excellon Resources (TSX: EXN) is back in the black, after more than two years of losses. The operator of the high-grade Platosa silver-lead-zinc mine in Mexico reported a second-quarter adjusted…
Site visit: GoldQuest’s Romero at ‘decision point’
SAN JUAN, DOMINICAN REPUBLIC — The road to GoldQuest Mining’s (TSXV: GQC) exploration camp is rough to say the least. But president and CEO Julio Espaillat’s hands are steady on…
Downie’s Premier Gold to buy Mercedes in Mexico for US$140M
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has offered to buy Yamana Gold’s (TSX: YRI; NYSE: AUY) Mercedes mine in Mexico’s Sonora state for US$140 million, in a move that…
US markets rise, July 18–22
U.S. equities continued higher, helped by encouraging U.S. economic data and better-than-expected corporate earnings. The S&P 500 Index rose 0.6% to a 2,175.03 high. The Dow Jones Industrial Average advanced…
TSX Venture holds steady, June 13-17
The S&P/TSX Venture Composite Index closed relatively unchanged at 715.36 points. Spot gold nearly broke two-year highs, rising 1.9%, or US$24.41, to a US$1,298.65 per oz. close, as the U.S….
TSX Venture posts strong gains, June 6-10
The S&P/TSX Venture Composite Index jumped 3.2%, or 21.87 points, to a 715.59-point close, as gold prices climb towards four-week highs. Spot gold gained 2.4%, or US$30.04, to a US$1,274.24…
Fortuna scooping up Goldrock for US$101M
VANCOUVER — Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has been on the lookout for an acquisition in the Americas, and it found a fit in Goldrock Mines (TSXV: GRM; US-OTC:…
Orex, Canasil strike again at Sandra Escobar
VANCOUVER — Partners Orex Minerals (TSXV: REX; US-OTC: ORXIF) and Canasil Resources (CVE: CLZ) have ignited a discovery at their Sandra Escobar silver project, 183 km northeast of the city…
Endeavour Silver to acquire Oro Silver Resources
Endeavour Silver’s (TSX: EDR; NYSE: EXK) search for development opportunities to shore up its portfolio of three producing silver mines in Mexico has resulted in an agreement to acquire Oro…