Capstone ends Q1 in the red
Copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) widens its loss in the first quarter of 2015 due to impairments at the Pinto Valley mine in Arizona and the Minto mine in the Yukon.
Mexico and Central America
Commentary: The shifting liability landscape for Canadian miners abroad
Two recent lawsuits brought in B.C. by foreign plaintiffs against two Canadian mining companies for alleged human rights abuses abroad have raised the stakes for mining projects in foreign jurisdictions.
Wall Street gains, April 20-24
U.S. equities swung back into the positive territory. The Dow Jones Industrial Average increased 1.4% to 18,080.14 points and the S&P 500 Index added 1.8% to 2,117.69. The Nasdaq rose 3.2% to 5,092.08. The gold price, however, fell US$15.30…
TSX retreats, April 13-17
Canada’s benchmark index fell on renewed concern over Greece’s debt and China’s new trading regulations. The S&P/TSX Composite Index slipped 28 points, or 0.2%, to 15,360.55, while the S&P/TSX Capped Diversified Metals…
Rob McEwen speaks out on Mexican gold robbery
On April 7 armed robbers stole 900 kilograms of gold-rich concentrate containing 7,000 oz. gold from McEwen Mining’s (TSX: MUX; NYSE: MUX) El Gallo 1 mine in Sinaloa, Mexico. At US$1,200 per oz. gold, the thieves made off with over…
Alamos, AuRico unveil US$1.5B ‘merger of equals’
VANCOUVER — Alamos Gold (TSX: AGI; NYSE: AGI) and AuRico Gold (TSX: AUQ; NYSE: AUQ) have apparently been in an on-again, off-again courtship for years, but on April 13 the companies decided to tie the knot amidst a rising tide of merger…
Agnico to consolidate El Barqueno with Soltoro bid
VANCOUVER — It’s been a busy twelve months on the acquisition front for Agnico Eagle Mines (TSX: AEM; NYSE: AEM), and the company continued its drive on April 10 with a $32-million bid for Toronto-based explorer Soltoro (TSXV: SOL;…
Wall Street edges up, March 30-April 2
U.S. equities gained momentum on positive jobless data. The Dow Jones Industrial Average climbed 50.64 points to 17,763.24, and the S&P 500 Index added 5.94 points to finish at 2,066.96. Spot gold edged up US$3.60 per oz. to end at US$1,202…
SilverCrest sketches out Santa Elena’s future
VANCOUVER — It’s been a challenging twelve months for SilverCrest Mines (TSX: SVL; NYSE-MKT: SVLC), but the producer has adapted to lower metal prices at its Santa Elena epithermal silver-gold mine, 150 km northeast of Hermosillo,…
[Update] SilverCrest sketches out Santa Elena’s future
VANCOUVER — It’s been a challenging twelve months for SilverCrest Mines (TSX: SVL; NYSE-MKT: SVLC), but the producer has adapted to lower metal prices at its Santa Elena epithermal silver-gold mine, 150 km northeast of…
US equities jump, March 16-20
U.S. stocks rose on a declining dollar and higher gold prices at a slower-than-expected pace, which pushed up the main indexes.
Downturn a chance for governments to craft competitive policies: World Bank
Like other regions, Latin America has seen a slowdown in mining investment owing to the global decline in commodities prices.