Corex gets vote of confidence from Alamos
Corex Gold (TSXV: CGE) has finalized a strategic investment from Alamos Gold (TSX: AGI; NYSE: AGI). Corex’s flagship wholly owned Santana gold property sits 50 km southeast of Alamos’ Mulatos…
Vale S.A.
Silver Wheaton turns to internal growth
VANCOUVER — Industry stalwart Silver Wheaton (TSX: SLW; NYSE: SLW) has enjoyed a meteoric rise over the past decade. The pioneer of providing stream financing has mobilized over US$8 billion in…
Wallbridge, Lonmin mark progress at Parkin in Sudbury
Wallbridge Mining (TSX: WM) and its largest shareholder, Lonmin (LSE: LMI), have approved a $3.95-million drill program starting Oct. 1 for their Parkin nickel-copper-platinum group metal (PGM) project near Sudbury,…
Editorial: Faulty design behind Samarco tailings disaster
A review panel tasked with determining the cause of the Samarco tailings disaster in Minas Gerais, Brazil, 10 months ago has released its report on the immediate causes of the…
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…
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…
Site visit: Largo is ‘all smiles’ in Brazil
MARACAS, BRAZIL — About an hour’s drive from Maracas — the city of flowers — is the first producing vanadium mine in Brazil’s northeastern state of Bahia. Toronto-based Largo Resources’…
Wall Street tumbles on Brexit, June 20–24
U.S. equities sank after Britain’s surprise decision to leave the European Union. The main U.S. indices all lost more than 3% on June 24, erasing year-to-date gains for the S&P…
U.S. equities hold steady, May 30-June 3
Economic data was mixed with reports that U.S. consumer spending in April posted its sharpest increase in more than six years, while jobs data showed that non-farm payrolls in May…
US markets post first weekly gains in 2016, Jan. 18-22
U.S. markets were closed on Jan. 18 for the Martin Luther King Jr. holiday and see-sawed the rest of the week, as West Texas Intermediate crude dipped below US$27.98 per barrel on Wednesday before finishing up 5.5% to US$32.20. The European…
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.
US stock indices post marginal gains, Nov. 20-26
Data released ahead of the U.S. Thanksgiving holiday on Nov. 26 showed that gross domestic product in the U.S. grew 2.1% in the third quarter — not the 1.5% reported in October — while single-family home sales in October rose 10.7%,…