Torex ends work contracts at ELG mine in Guerrero
Torex Gold Resources (TSX: TXG) has suspended the employment contracts for its workforce in Mexico in response to an illegal blockade at its El Limon-Guajes (ELG) gold mine, 180 km…
Stock Markets/Investing
US markets post gains, Dec. 11-15
Gold closed at US$1,255.10 per oz., up US$6.90 per oz. on the week. The Philadelphia Gold and Silver Index rose 4.1% to 80.23 and the Dow Jones Industrial Average rose…
TSX Venture rises, Dec 11-15
The S&P/TSX Venture Composite Index gained 8.27 points to a 801.23-point close, as spot gold prices rose US$7.95 to US$1,256.44 per oz., and Comex copper prices gained US16¢ to US$3.14…
TSX dips slightly, Dec. 11-15
The U.S. Federal Reserve raised interest rates 0.25% — its third rate increase this year. The central bank said it expects three more interest rate increases in 2018. Spot gold…
Editorial: Bitcoin starts to eat gold’s lunch
Gold investors, miners and explorers have for the most part spent the last few years scoffing at the global cryptocurrency revolution led by Bitcoin and others, with a certain smug…
TSX Venture logs slight decline, Nov. 27-Dec. 1
The S&P/TSX Venture Composite Index slipped 0.63% to a 789-point close. Gold touched US$1,300 per oz. before finishing at US$1,279.60 per ounce. LME inventories for copper, zinc and nickel were…
TSX slips, Nov. 27-Dec. 1
Canada’s benchmark index dipped 0.43% to finish at 16,038.97. The S&P/TSX Global Mining Index and the S&P/TSX Global Gold Index fell 2.32% and 2.23% to 67.08 and 191.31. West Texas…
US markets move higher, Nov. 27 to Dec. 1
The Dow Jones Industrial Average posted its largest weekly gain since December 2016, buoyed by optimistic expectations that U.S. lawmakers were making progress on tax-cut legislation. The Dow climbed 2.9%…
US markets slip slightly, Nov. 13-17
Gold closed Friday at US$1,293.40 per oz., up US$18.50 per ounce. The Philadelphia Gold and Silver Index rose 0.35% to 80.88 while the Dow Jones Industrial Average slipped 0.27% to…
TSX posts marginal decline, Nov. 13-17
The S&P/TSX Composite Index fell 0.25% to finish the trading week at 15,998.57, while the gold price climbed US$18.50 per oz., or 1.45%, to US$1,293.40 per ounce. Shares of Endeavour…
TSX Venture rises, Nov. 13-17
The S&P/TSX Venture Composite Index gained 2.87 points to a 799.35-point close, as spot gold prices gained US$17.35 to US$1,292.42 per oz., and Comex copper prices edged up US1¢ to…
Venture posts gains, Oct. 30-Nov. 3
The S&P/TSX Venture Composite Index gained 4.6 points to a 791.98-point close, as spot gold prices fell US$3.44 to US$1,273.35 per oz., and Comex copper prices gained US2¢ to US$3.12…