TSX Venture rises, July 25-29
The S&P/TSX Venture Composite Index jumped 26.2 points, or 3.4%, to a 796.17-point close, while spot gold prices gained US$28.55, or 2.2%, to US$1,351.28 per oz. gold. Comex copper edged…
United States
Downie’s Premier Gold to buy Mercedes in Mexico for US$140M
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has offered to buy Yamana Gold’s (TSX: YRI; NYSE: AUY) Mercedes mine in Mexico’s Sonora state for US$140 million, in a move that…
Editorial: Komatsu scooping up Joy Global for US$2.9B
Just in time to create even more excitement at the massive, once-every-four-years MINExpo International convention in Las Vegas in September, Tokyo-based manufacturing giant Komatsu has struck a friendly, blockbuster deal…
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…
Odds ‘n’ Sods: Strange discovery under a freakish quartzite mound in Arizona
Let’s start this story close to its end with an April 27, 1967, front-page headline from Tucson’s Arizona Daily Star: “Papagos lease site for copper mine,” followed by a sub-headline:…
Mosaic suspends Colonsay potash mine
Mosaic (NYSE: MOS) is temporarily shutting one of its three Saskatchewan potash operations, amid declining global demand and prices for potash. The major fertilizer producer will close the Colonsay potash mine…
Wall Street rises, July 5-8
U.S. equities drove higher for a second week as investors recovered from post-Brexit jitters. The Dow Jones Industrial Average advanced 197.37 points, or 1.1%, to 18,146.74 points, and the S&P…
Lundin Mining discovery to extend Eagle mine life
VANCOUVER — Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) high-grade Eagle East nickel-copper discovery is on track to extend the life of its Eagle mine in western Marquette County of Michigan’s Upper Peninsula. The company…
TSX climbs, June 27–30
Canadian equities finished in positive territory ahead of the Canada Day long weekend, helped by positive economic data and higher commodity prices. Statistics Canada reported the economy grew 0.1% in…
Pershing pens positive economics at Relief Canyon
Pershing Gold (NASDAQ: PGLC) has published a positive preliminary economic assessment (PEA) on the past-producing Relief Canyon heap-leach gold mine near Reno, Nev., showing it could produce 88,500 oz. gold annually…
Adamera CEO touts stronger capital markets for gold juniors
VANCOUVER — Adamera Minerals’ (TSXV: ADZ; US-OTC: DDNFF) president and CEO Mark Kolebaba tells a story about his junior gold company over the past two years that is familiar to many…