Toronto Stock Exchange, Oct. 28 – Nov. 1
The S&P/TSX Composite Index was down 65 points to 13,337.46 for the period, with a weak gold sector contributing to the slump.
2013
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 5, 2013Precious MetalsPrice…
Interview: Pretium’s Quartermain on the Strathcona fallout, and the road ahead
Pretium Resources (TSX: PVG; NYSE: PVG) president and CEO Robert Quartermain spoke with The Northern Miner on Oct. 29 about the controversy that’s swirled around the company since the shocking Oct. 8 resignation of highly regarded…
U.S. markets, Oct. 28 – Nov. 1
U.S. markets gained momentum during the trading week as investors assessed corporate earnings. The Dow Jones Industrial Average advanced 45 points to 15,615.55. The broader S&P 500 Index edged up nearly 2 points to 1,761.64. The Nasdaq…
Polyus hit by lower gold prices
Even the Russians are feeling the bite of a bitter gold market. The country’s biggest gold producer Polyus Gold (LSE: POLG; US-OTC: OPYGY) reported that revenues were off 9% for the quarter, compared to the same period last year.
TSX Venture Exchange, Oct. 28 – Nov. 1
The S&P/TSX Venture Composite Index took a breather during the trading sessions after posting big gains over the past three weeks, with falling commodity prices contributing to decrease of 1.9%, or 18.25 points, en route to a 955.33-point…
Digging into the Ross River ruling by the Yukon Supreme Court
VANCOUVER — In September the Supreme Court of Canada dismissed an appeal by the Yukon government of a case that had caused a stir across the industry. The case involved a 2011 ruling by the Yukon Supreme Court, pursuant to a claim by the…
Barrick shelves Pascua-Lama
Barrick Gold (TSX: ABX; NYSE: ABX) has suspended construction at its controversial Pascua-Lama gold-silver project in Argentina and Chile, citing lower metal prices and regulatory and legal uncertainties.
Suncor, Total and Teck green-light $14B Fort Hills oilsands megaproject
Suncor Energy (TSX: SU; NYSE: SU) and its partners Total E&P Canada Ltd. (a subsidiary of Paris-based Total (NYSE: TOT) and Teck Resources (TSX: TCK.B; NYSE: TCK) are proceeding with the Fort Hills oilsands mine project in Alberta’s…
Capstone’s Minto keeps on growing
MINTO LANDING, YUKON — When the Minto mine started up in 2007 it was an open-pit copper-gold-silver operation with a projected four-year mine life and a 1,600-tonne-per-day throughput. But Sherwood Copper knew the potential at Minto was…
Brixton poised to solve geological puzzle at Thorn
ATLIN, B.C. — It’s been a tough time for juniors trying to fund grassroots exploration, but it helps when high-profile investors take notice and decide to support a project. And that’s been the case for…
Kaminak’s Coffee takes shape
DAWSON CITY, YUKON — Three years ago, the first hole drilled into Kaminak Gold’s (TSXV: KAM; US-OTC: KMKGF) Coffee project returned 17.1 grams gold per tonne over 15 metres. Two months later a slew of solid drill results had defined…