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…
United States
TSX Venture holds steady, June 13-17
The S&P/TSX Venture Composite Index closed relatively unchanged at 715.36 points. Spot gold nearly broke two-year highs, rising 1.9%, or US$24.41, to a US$1,298.65 per oz. close, as the U.S….
Explorers need to rethink their deposits, John Kaiser says
VANCOUVER — John Kaiser, newsletter writer of Kaiser Research Online, spoke at this year’s Vancouver Commodity Forum — hosted by Zimtu Capital in downtown Vancouver in June — and shared…
Ur-Energy trims workforce, annual output
Ur-Energy (TSX: URE; NYSE-MKT: URG) has cut both its workforce and annual production guidance, amid the depressed uranium prices. Ur-Energy recently announced that it has eliminated 12 employees, or 15% of…
Pure Energy’s Robinson surveys the world’s lithium deposits
VANCOUVER —While the burgeoning lithium market has sent companies scrambling to secure and advance lithium projects across the globe, anyone new to the scene may be left wondering what the…
CNSC greenlights McClean Lake mill expansion
The Canadian Nuclear Safety Commission (CNSC) has approved the expansion of the McClean Lake mill — operated by Areva Resources in northern Saskatchewan — allowing Cameco (TSX: CCO; NYSE: CCJ)…
Pure Energy fosters ingenuity for lithium brine technology
VANCOUVER — Pure Energy Minerals (TSXV: PE) is testing a processing technology that could be a game changer for its Clayton Valley South lithium brine project, located beside Albemarle’s (NYSE: ALB)…
Rye Patch scoops up Florida Canyon gold mine in Nevada
VANCOUVER —Rye Patch Gold (TSXV: RPM; US-OTC: RPMGF) is buying the venerable Florida Canyon heap-leach gold mine in Pershing County, Nev., out of receivership after its previous owner, Jipangu of…
TSX Venture falls, May 23-27
The S&P/TSX Venture Composite Index fell 2.6%, or 17.6 points, to a 668.54-point close over the trading period. Spot gold hit a three-month low, falling 3.2%, or US$39.60, to US$1,212.38…
Orion to finance Premier Gold
When it comes to financing companies in the mining sector, private equity firms typically call the shots. But in a deal announced on May 31, Orion Mine Finance appears to…
US stocks surge, May 23–27
U.S. indexes gained ahead of the Memorial Day weekend, after U.S. Federal Reserve Chair Janet Yellen hinted at a possible interest rate hike in the coming months. The Dow Jones…
TSX Venture gains ground, May 16-20
The S&P/TSX Venture Composite Index climbed towards one-year highs despite a drop in commodity prices, gaining 1%, or 6.46 points, to a 686.14-point close. Spot gold fell 1.9%, or US$24.35,…