TSX off slightly on recession fears
Growing concern over the possibility of another recession on the horizon had the TSX Composite Index following global markets as it fell 235 points to 12,317.46 points for the Sept.24-28 period.
2012
Update: OceanaGold nears commissioning at Didipio
After the financial crisis derailed the Didipio gold-copper project in 2008 and OceanaGold (OGC-T, OGC-A) was forced to put the Southeast Asian project on care and maintenance, the company says it expects to start commissioning within the next…
Constrained copper supply spells trouble
There won’t be enough copper to meet Chinese demand by the middle of the next decade, Adrian Day, president of Adrian Asset Management in London, told a group of investors at The Cambridge House conference last week in Toronto.
US stocks tumble as the QE3 effect fades, Sept. 24-28 week
U.S. stocks slipped during the Sept. 24-28 trading week as the economic situation in Europe appeared to worsen and a third round of quantitative easing in the U.S. seemed to lose its magic, re-igniting concerns about economic growth.
Exco Resources fights hostile takeover
Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile, all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…
Hennigh’s grand gold vision in Western Australia
When it comes to early stage exploration, it is not unusual to hear about big ideas and regional plays. But when Quinton Hennigh focused on a theory for the better part of a decade with prolific Australian prospector Mark Creasy, the wheels got…
Queensland’s new tax angers coal miners
Australia’s biggest miners say the Queensland government’s latest move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Vista keeps growing Mt. Todd
Vista Gold (VGZ-T, VGZ-X) has bulked up its resource estimate for the Batman deposit at its Mount Todd gold project in Australia’s Northern Territory.
Lynas takes step closer to REE production
Lynas Corporation (LYC-A) has been developing its large rare earth project in Western Australia for more than 10 years, and a decision earlier this month by Malaysia’s Atomic Energy Licensing Board (AELB) has brought the project a step…
Ivanhoe Australia upgrades resource at Osborne
In late February, Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
Copper Mountain a target, CIBC says
Copper Mountain Mining (CUM-T) and its copper mine in B.C. could become a takeover target, Matthew Gibson of CIBC argues in a new research report.
Serra Pelada fully funded to production in 2013
Canaccord Genuity analyst Nicholas Campbell has raised his 12-month target price on Colossus Minerals (CSI-T, COLUF-O) by $1 to $10 per share after the junior exploration and development company signed an agreement with Sandstorm Gold (SSL-V,…