Blockade forces Excellon to shut Platosa mine
Excellon Resources (EXN-T) continues to be plagued by labour and community issues at its Platosa mine in Mexico’s Durango State, with the company recently suspending operations.
2012
Timmins Gold targets lower costs at San Francisco
Vancouver-based producer Timmins Gold (TMM-T, TGD-X) is moving into the second year of commercial operations at its 100%-owned San Francisco open-pit gold mine in Sonora State, Mexico. The company continues to demonstrate production and revenue…
Letter to the editor: Weak leadership in Quebec government
Regarding last week’s editorial, “Ooh la la: is Plan Nord becoming Plan Non?”, the underlying issue with Plan Nord is that from a good idea the Charest government has totally misled not just Quebecers and Canadians but many…
US markets
The Dow Jones Industrial Average and the S&P 500 Index posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supports the European Central Bank’s efforts to fight debt, and…
Honouring Timmins’ mine finders
Led by association president Dean Rogers, northern Ontario’s Porcupine Prospectors and Developers Association has erected three bronze statues to honour legendary gold mine finders (from left): Jack Wilson of the Dome mine, Sandy McIntyre…
Toronto Stock Exchange
The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…
Franco-Nevada, Inmet sign Cobre Panama deal
Inmet Mining (IMN-T) has closed a financing deal with streaming and royalty company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion. It’s a bid to cover a funding shortfall at Inmet’s US$6.2-billion Cobre Panama copper-gold…
TSX Venture Exchange
The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…
Revolution’s Mexican discoveries
Revolution Resources (RV-T) has hit high-grade gold and silver below the historic Cinco Estrellas mine at its Universo project and discovered new prospects at its La Bufa property.
Editorial: SA police fire on Lonmin strikers
It’s the kind of incident long feared since the end of apartheid in South Africa: members of the South African Police Service opened fire on striking workers at Lonmin’s Marikana platinum mine in North West province on Aug. 16,…
Plus a change: a trip down memory lane with Frank Callaghan’s International Wayside at Cariboo
With all the hullabaloo swirling around Barkerville Gold Mines (BGM-V) and the hilarious new resource estimate for its Cow Mountain gold deposit in central B.C. that has led to a stock trading halt by the B.C. Securities Commission (T.N.M.,…
Forecast a bit cloudier for major potash developers
VANCOUVER — Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in…