Silver market supply and demand trends for 2016
The following edited report was released by the Silver Institute. For more information, please visit www.silverinstitute.org.
Silver
US stocks gain ground, Jan. 25-29
U.S. equities posted a second consecutive weekly gain, after a surprise move from the Bank of Japan to stimulate its economy. The Dow Jones Industrial Average rose 2.3% to 16,466.30, while the S&P 500 Index advanced 1.8% to 1,940.24. The…
Site visit: Western Copper sees Casino as an economic driver in the Yukon
WHITEHORSE, YUKON — It may not be the best time to develop a bulk-tonnage mining operation, but Western Copper and Gold (TSX: WRN; NYSE-MKT: WRN) is sure that the Casino copper-gold deposit will be one of the first projects off the…
Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
TSX rises on higher oil prices, Jan. 18-22
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…
The biggest gold losers in 2015
Last year was another tough year for gold companies, with the spot metal price sliding 10% to finish 2015 at US$1,061 per oz. While some miners thrived in the low gold price environment, others collapsed, with more than a few voluntarily…
Endeavour, Detour exit 2015 on a high note
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) and Detour Gold (TSX: DGC; US-OTC: DRGDF) — two of the gold sector’s top share-price performers last year — reported strong fourth-quarter and full-year production results in 2015…
More gold for Rockhaven at Klaza
VANCOUVER — With over 20 million historical oz. of placer gold scoured out of the gravel creeks across the northern latitudes of the Yukon Territory, Matthew Turner, president, CEO and director of Rockhaven Resources (TSXV: RK), says…
US equities continue to sink, Jan.11-15
U.S. stocks retreated, continuing the U.S. market’s worst-ever start to the calendar year, as oil prices tumbled and investors worried about the health of the Chinese economy. The Dow Jones Industrial Average fell 2.2% to 15,988.08 and the…
TSX drops, Jan 4-8
Canada’s benchmark index posted a triple-digit loss in the new year. The S&P/TSX Composite Index fell 4.3%, or 564.5 points to 12,445.45, despite a positive jobs report. The S&P/TSX Capped Diversified Metals & Mining Index…
Top gold performers in 2015
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….
Site visit: Alexco finds silver lining at Keno with Flame & Moth
KENO CITY, YUKON — There’s a wealth of history in the Yukon’s Keno Hill mining district, and Alexco Resource (TSX: AXR; NYSE-MKT: AXU) is out to prove there’s a lot of silver left to discover across its large land…