TSX ends in the red, May 11-15
Canada’s main stock index retreated during the trading week. The S&P/TSX Composite Index fell 0.4% to 15,108.12. The S&P/TSX Capped Diversified Metals & Mining Index dropped 1.4% to 794.05, and the S&P/TSX Global Gold…
South America
Barrick’s Alturas discovery could be the next Veladero
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has uncovered a hidden gold deposit known as Alturas, in Chile’s gold-rich El Indio district, 30 km south of the former El Indio mine.
TSX slides, May 4-8
Poor jobs data and a decline in energy stocks after the New Democratic Party majority win in Alberta sent the S&P/TSX Composite Index down 1.1% to 15,170.02. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.8% to 805.08,…
Tahoe CEO talks post-merger growth strategy
VANCOUVER — It’s been just over a month since Tahoe Resources (TSX: THO; NYSE: TAHO) merged with Rio Alto Mining to create a leading mid-tier precious metals producer, but the new management team hasn’t wasted any time turning…
Columbus Gold to launch $20M program
Over the next year, Columbus Gold (TSXV: CGT; US-OTC: CBGDF), a small junior with a market cap of just $64 million, will oversee $20 million invested in exploration and development at its two gold projects, Paul Isnard in French Guiana and…
U.S. stocks drop, April 27-May 1
U.S. equities fell after being tripped up by soft economic data. The Dow Jones Industrial Average lost 56.08 points to 18,024.06, and the S&P 500 Index slipped 9.4 points to 2,108.29. The Nasdaq retreated 86.69 points to…
Lundin shares jump following ‘spectacular’ first quarter
VANCOUVER — Lundin Mining (TSX: LUN; US-OTC: LUNMF) has been on the acquisitions trail for the past two years, and its aggressive strategy paid off in a big way during the first quarter. The company reported record copper and nickel…
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…
Miners recover from heavy rainfall in the Atacama
VANCOUVER — Recent torrential rainfall in the Atacama desert in northern Chile has affected global copper markets. The prolific region hosts major mines, and the recent weather has triggered operational closures that have driven prices…
Panoro’s Cotabambas PEA a good start
Analysts believe Panoro Minerals’ (TSXV: PML; US-OTC: POROF) preliminary economic assessment (PEA) on the Cotabambas project shows the copper-gold-silver-molybdenum porphyry deposit is viable, despite failing to impress investors.
Belo Sun improves economics at Volta Grande
Belo Sun Mining’s (TSX: BSX; US-OTC: VNNHF) Volta Grande gold project in Brazil’s Para state has garnered positive attention from analysts after a feasibility study cut the project’s costs, making it more attractive.
Interview: Ecuador Minister of Strategic Sectors confident on country’s prospects
Following our interview with Ecuador’s Mining Minister Javier Cordova at the recent Prospectors & Developers Association of Canada convention (PDAC), The Northern Miner interviewed Ecuador’s Minister of Strategic Sectors, Rafael…