Wheaton Precious cancels Glencore-Yauliyacu silver stream
At least one analyst has trimmed their target price forecast for Wheaton Precious Metals (TSX: WPM; NYSE: WPM) equity after the miner announced it has agreed to terminate its silver…
Alexco Resource Corp
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…
TSX moves up, Sept.14-18
Canada’s benchmark index gained ground during the week, adding 185.33 points, or 1.4%, to close at 13,646.80 points, as investors took in the U.S. Federal Reserve’s decision to keep interest rates near zero.
Second Keno Hill mine is key to Alexco’s plan
VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…
Alexco shares pop on Flame & Moth results
VANCOUVER — The first half of the year was rough for shareholders of Yukon-focused silver producer Alexco Resource (TSX: AXR; NYSE-MKT: AXU) and its underground Bellekeno mine, 50 km northeast of the town of Mayo.
U.S. markets, Aug. 26-30
Concern about a possible U.S. air strike against Syria and anxiety about the timing of the U.S. Federal Reserve’s end to quantitative easing sent U.S. markets down. The Dow Jones Industrial Average fell 1.33% to 14,810.31, the S&P 500…
Feds flag funds for Yukon mining innovation centre
VANCOUVER — The federal government is hoping it can generate jobs and ease a skilled labour shortage in the Yukon’s mining industry with a $5.6-million investment that will fund the creation of a new Centre for Northern Innovation…
Toronto Stock Exchange, July 15-19
The S&P/TSX Composite Index shrugged off any talk of summer doldrums with a 170-point gain to finish the period at 12,685.13 points. The gains in Toronto came as the oil price hit a 15-month high and the Canadian dollar fell. With new data…
Alexco plans potential shutdown at Bellekeno
VANCOUVER — Vancouver-based producer Alexco Resources (TSX: AXR; NYSE: AXU) is struggling with declining margins at its wholly-owned Bellekeno underground silver mine in the central Yukon. A recent and steep drop in silver prices has…
Market news: U.S. Markets
U.S. equities posted a strong week, with the Dow Jones Industrial Average closing above the 14,000 mark for the first time since October 2007, up 0.82% to 1,4009.79, and the S&P 500 Index finishing above 15,000 points for the second time in…
Yukon exploration slow but steady in 2012
VANCOUVER — Depressed equity markets, a cool spring that kept snow on the ground and floods in June that washed out major roads meant 2012 was much quieter in the Yukon than it was in 2011.
More cash flows into US equities, Jan. 28-Feb. 1
U.S. equities posted another strong trading week with the Dow Jones Industrial Average closing above the 14,000 mark for the first time since October 2007 (up 0.82% to 1,4009.79) and the S&P finishing above the 15,000-point level for…