After waging a weeks-long campaign against the board of Banro (TSX: BAA; NYSE-MKT: BAA), Liberty Street Capital backed off its bid for control of the gold miner just two days before Banro’s annual general meeting.
The S&P/TSX Venture Composite Index ended the week down 3.4 points at 1,022.97. But the close kept the index within the higher range it has enjoyed since February, when it reattained the 1,000-point mark after trading below this level for…
VANCOUVER — President and CEO Eira Thomas calls Kaminak Gold’s (TSXV: KAM; US-OTC: KMKGF) new preliminary economic assessment (PEA) of its Coffee gold project in the Yukon one more step in defining a “potential new gold…
The S&P/TSX Venture Composite Index rallied for a third straight week during the June trading period, gaining 2.9%, or 29.04 points, en route to a 1,206.37-point close. Commodity futures were on the rise across the board, with escalating…
Canada’s benchmark index gained for the third straight week. The S&P/TSX Composite Index climbed 107.36 points to finish the week at 15,108.97, before reaching an all-time closing high of 15,112.22 points a day earlier.
The U.S. Federal Reserve’s latest suggestion that it would keep interest rates low seemed to outweigh concerns about the renewed turmoil in Iraq, sending the Dow Jones Industrial Average and the S&P 500 Index to record highs. The…
Spot pricesCourtesy of ScotiabankTuesday, June 24 2014 Precious MetalsPrice…
VANCOUVER — It’s been a wild ride through commodities for explorer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) over the past five years. But president and CEO Paul Gill says the company is positioned to grow in the graphite space…
VANCOUVER — The gold industry appears to be reacting to growing scrutiny over the century-old method that determines the daily spot price of gold. On June 18 the World Gold Council — a market-development organization composed of top…
Short positions outstanding at June 15/14 (with changes from May 31/14).
The Toronto Stock Exchange climbed near the record high it reached six years ago, with the S&P/TSX Composite Index adding 163 points to end at 15,001.61, slightly below the record close of 15,073 set in June 2008 before the recession.
An insurgency by a radical Islamist group in Iraq and renewed tensions in the Ukraine put downward pressure on U.S. equity markets during the week, but pushed oil and gold prices up, lifting the fortunes of many precious metal companies. The…
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