Just two days after the ink dried on a binding joint-venture agreement between Canadian gold miner AuRico Gold (TSX: AUQ; NYSE: AUQ; CGJ) and Carlisle Goldfields (TSX: CGJ; US-OTC: CGJCF) on the junior’s Lynn Lake project in Manitoba,…
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one…
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain…
The S&P/TSX Composite Index ended the week in positive territory, advancing 141.07 points to 15,266.57, as investors shrugged off war in the Middle East and Ukraine, and focused on corporate earnings. The S&P/TSX Capped Diversified…
Mercator Minerals (TSX: ML; US-OTC: MLKKF) will likely be in more financial trouble than ever, if the proposed business combination with Russia’s Intergeo falls through.
The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…
Centerra Gold (TSX: CG) said that it would start shutting down its Kumtor gold operation in Kyrgyzstan if it doesn’t receive approval for its 2014 mine plan and related operating permits by June 13.
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has surprised analysts by revealing that its long-time president and CEO Bill Doyle will be replaced in July by mining veteran Jochen Tilk, who apparently has no potash or fertilizer…
The markets for platinum and palladium will likely be in a deficit in 2014, according to a report by London-based Johnson Matthey.
Even the Russians are feeling the bite of a bitter gold market. The country’s biggest gold producer Polyus Gold (LSE: POLG; US-OTC: OPYGY) reported that revenues were off 9% for the quarter, compared to the same period last year.
A study on the direct economic impact of gold — commissioned by the World Gold Council — gathers, for the first time, all the evidence of the precious metal’s economic and fiscal contribution, author PricewaterhouseCoopers…
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