US indexes set new records, Aug. 8-12
Wall Street set a record on Aug. 11, after stronger oil prices and better corporate earnings from several large retailers. The last time its three major indexes touched record levels…
Silver
TSX reaches new year high, Aug. 8–12
During the second week of August, Canada’s benchmark index touched a 13-month high, contributing to a 0.7% weekly gain to close at 14,747.45. The index has been one of the…
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…
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,…
Mirasol hunts for gold in Argentina, Chile
VANCOUVER — In a hallway at the Sprott Natural Resource Symposium in Vancouver in July, Mirasol Resources (TSXV: MRZ) president and CEO Stephen Nano thumbs through a number of geological and…
TSX posts slight increase, Aug. 1-5
Disappointing employment numbers and a widening trade gap kept Canada’s benchmark index relatively flat at 14,648.77, up just 0.5% from the previous trading week. Statistics Canada reported that the country’s…
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…
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…
Odds ‘n’ Sods : Cobalt’s silver boom and the rise of mining media in Canada
The early history of hard rock mining in Ontario is essentially the story of the discovery of silver in Cobalt in 1903. It wasn’t long before the Cobalt mines became…
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)…
Yukon Premier supports mines
DAWSON CITY, YUKON — Lining the quartz-gravel roads of Yukon’s Dawson City, the commercial hub of the legendary Klondike placer goldfields, are a number of derelict buildings that once gave…