Excellon swings back into profit as costs fall
Excellon Resources (TSX: EXN) is back in the black, after more than two years of losses. The operator of the high-grade Platosa silver-lead-zinc mine in Mexico reported a second-quarter adjusted…
Articles by Salma Tarikh
Tahoe’s Q2 earnings beat expectations
Tahoe Resources (TSX: THO; NYSE: TAHO) shares rose nearly 6% on the back of solid second-quarter earnings, leaving investors and analysts cheering. The Reno, Nev.-based producer with operations in Guatemala,…
Island drives Richmont through Q2
Richmont Mines’ (TSX: RIC; NYSE-MKT: RIC) Island Gold mine near Wawa, Ont., recorded higher production and lower costs in the second quarter, offsetting a poor run at the Beaufor gold mine…
US stocks rise on strong jobs data, Aug. 1–5
U.S. equities gained during the first week of August, helped by a positive jobs report, as companies reported earnings with mixed results. The Dow Jones Industrial Average rose 0.6% to…
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…
TSX stays flat, July 25–29
The S&P/TSX Composite Index stayed relatively flat at 14,582.74. The benchmark index increased 3.7% in July, marking its best month since March. The S&P/TSX Capped Diversified Metals & Mining Index…
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…
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)…
Maritime offers streaming royalty to investors
Maritime Resources (TSXV: MAE) has gotten inventive with its financings to help advance its 100%-held Green Bay gold property in Newfoundland and Labrador. The junior has offered a streaming royalty as…
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…
Argonaut misses Q2 production target
Argonaut Gold (TSX: AR) has revised its full-year production guidance after missing its second-quarter output goal, and gold analysts have responded by lowering their expectations on the stock. On July…
Stornoway’s first diamonds
It’s not easy to over deliver, let alone deliver according to plan. But it’s what Stornoway Diamond (TSX: SWY) has a knack for doing. In mid-July, the company started processing…