TSX slips, Dec. 27–30
The S&P/TSX Composite Index slipped 0.3% to 15,287.59 during the last week of 2016. While Canada’s benchmark index exited the year on a soft note, it gained 17.5% since the…
United States
Site visit: McEwen sees production at Gold Bar in 2018
ELKO, NEVADA — The only thing that McEwen Mining’s (TSX: MUX; NYSE: MUX) Simon Quick, vice-president of projects, thinks could delay construction at the company’s Gold Bar project, 53 km…
TSX retreats, Dec. 12–16
Canada’s largest stock market weakened, after the U.S. Federal Reserve raised its short-term interest rate by a quarter of a percentage point to between 0.5% and 0.75%. The spot gold…
Arizona shares tumble on speculation
Arizona Mining (TSX: AZ) shares slightly recovered on promising assays from the Taylor zinc-lead sulphide deposit at its Hermosa property, following a sharp decline after a mining publication raised concerns…
Wall Street rises, Dec. 5–9
U.S. indexes finished strong, despite lower gold and oil prices. The Dow Jones Industrial Average gained 3% to close at 19,756.85. The S&P 500 Index also rose 3% to 2,259.53…
Sibanye to acquire Stillwater for US$2.2B
Sibanye Gold, the largest producer of gold from mines in South Africa and among the top-10 gold producers globally, will pay US$2.2 billion to acquire Stillwater Mining (NYSE: SWC), the…
GMV Minerals CEO discusses ‘unexpected’ target at Mexican Hat
VANCOUVER — GMV Minerals (TSXV: GMV; US-OTC: GMVMF) is shifting the narrative around its Mexican Hat gold property, 115 km east–southeast of Tucson, Arizona. Earlier this year the company was outlining…
Outlook 2017: Five companies getting busy in the new year
With some recovery in commodity prices in 2016, more than a few mining companies are stepping up work programs and striving to hit milestones in the coming year. The following…
Excelsior steps closer to production at Gunnison
Excelsior Mining (TSXV: MIN) shares have jumped 17% since the company tabled a positive feasibility study on the North Star deposit of its Gunnison copper project in southeastern Arizona. The project,…
Northern Vertex advances Moss with a little help from its friends
Money doesn’t seem to be a problem these days for junior Northern Vertex Mining (TSXV: NEE), which is building a US$33-million open-pit mine complex at its Moss gold project in…
Rye Patch Gold to restart Florida Canyon in early 2017
Four months after buying the fully permitted Florida Canyon gold mine in Nevada for US$15 million in cash and 20 million shares, Rye Patch Gold (TSXV: RPM; US-OTC: RPMGF) is…
Editorial: Welcome back, copper
Metal price prognosticators came out almost as badly as the pollsters in the wake of the U.S. presidential election, with most metal analysts predicting a post-election rise in gold prices,…