Speaking on a conference call in mid-August from Ulaanbaatar, CEO Kay Priestly of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) confirmed that development of the Oyu Tolgoi underground copper-gold mine was being delayed until matters including…
Spot pricesCourtesy of ScotiabankTuesday, August 20, 2013 Precious MetalsPrice…
VANCOUVER — With promising drill results and money in the bank, True Gold Mining (TSXV: TGM; US-OTC: RVREF) keeps adding to the drill program at its Karma project in Burkina Faso.
While investment in silver juniors has been sluggish for most of the year, Kootenay Silver (TSXV: KTN; US-OTC: COOYF) isn’t letting the malaise slow it down.
AuRico Gold (TSX: AUQ; NYSE: AUQ) has met second-quarter earnings expectations after adjusting for US$105 million in non-cash charges, mostly related to its El Chanate gold mine in Mexico.
The S&P/TSX Venture Composite Index overcame a slow start to register its second consecutive weekly gain during the trading period, finishing up 6.33 points en route to a 946.56-point close. Stronger commodity prices continue to drive…
VANCOUVER — After almost ending up a neglected project on Denison Mines’ (TSX: DML; NYSE-MKT: DNN) shelf, a 50% stake in the Patterson Lake South (PLS) uranium project has sparked a $170-million takeover.
Despite posting a second-quarter loss of US$28.4 million compared to a US$52.9-million profit a year ago, Iamgold (TSX: IMG; NYSE: IAG) says its operations are performing as expected, as it reins in spending amid declining quarterly revenues,…
With relatively new CEOs in place at Kinross Gold (TSX: K; NYSE: KGC), Newmont Mining (TSX: NMC; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: ABX), it was perhaps only a matter of time before one of the poorest…
Breathe a sigh of relief: Gold’s up over US$1,400 an ounce again … at least for now.
Excellon Resources (TSX: EXN; US-OTC: EXLLF) is another junior miner hit by the recent downward trend in metal prices. It booked a second-quarter net loss of $5 million, or 9¢ per share, compared to a $478,000 profit, or 1¢ per share,…
Rising costs, lower prices and market skepticism led to a decrease in mergers and acquisition (M&A) activity throughout the mining sector. However, as I pointed out in my previous article, “Executive compensation and M&A:…
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