Odin Mining to buy Ecuador Gold and Copper
In a friendly all-share deal that knits together assets in southern Ecuador, Odin Mining and Exploration (TSXV: ODN), a junior that counts mining entrepreneur Ross Beaty as its largest shareholder,…
South America
Silver Wheaton paying US$800M to raise Salobo gold stream to 75%
Silver Wheaton (TSX: SLW; NYSE: SLW) is offering a subsidiary of Vale (NYSE: VALE) US$800 million to buy another 25% gold stream from the Salobo copper-gold mine in Brazil. Vancouver-based…
Gold majors deliver Q2 results
Many companies published their second-quarter earnings on July 27, including gold miners Barrick Gold (TSX: ABX; NYSE: ABX), Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Goldcorp (TSX: G; NYSE: GG)…
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…
Lupaka’s Invicta to hit commercial production in November
Lupaka Gold (TSXV: LPK) says a recent US$6.1-million gold purchase agreement with New York-based Pandion Mine Finance will get the construction of its Invicta polymetallic mine in Peru across the…
Colombian Mines’ Nevada acquisition sends shares soaring
Robert Carrington has spent a good part of his career in Nevada and has helped find a number of deposits that became producing mines, including Twin Creek, now owned by…
TSX rises, July 11-15
The S&P/TSX Composite Index rose 1.6% to 14,482.42, despite lower gold and oil prices. The S&P/TSX Global Gold Index fell 3.2% to 266.68, as the gold price retreated 2% to…
Golden Arrow options Antofalla in Argentina’s Catamarca province
Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) is best known for its Chinchillas silver-lead-zinc project in Argentina’s Jujuy province, but the prospect generator also has properties in the country’s San…
Site visit: Largo is ‘all smiles’ in Brazil
MARACAS, BRAZIL — About an hour’s drive from Maracas — the city of flowers — is the first producing vanadium mine in Brazil’s northeastern state of Bahia. Toronto-based Largo Resources’…
TSX gains despite poor jobs data, July 4–8
Toronto equities soared during the first week of July, despite the Canadian economy unexpectedly losing 700 jobs in June. However, the number of people seeking jobs also dropped, pushing the…
Wall Street tumbles on Brexit, June 20–24
U.S. equities sank after Britain’s surprise decision to leave the European Union. The main U.S. indices all lost more than 3% on June 24, erasing year-to-date gains for the S&P…
Goldsource hits commercial production
Goldsource Mines (TSXV:GXS) has reached commercial production at its Eagle Mountain gold mine in Guyana, with the junior now optimizing the small-scale operation to break even in the third quarter….