US markets rise, Jan. 6-10: Nutrien, Consol Energy, Endeavour Silver
The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce….
2020
TSX Venture dips, Jan. 6-10: K92, ScoZinc, Eloro
The S&P/TSX Venture Composite Index fell 0.87% to 582.35. Spot gold moved higher to US$1,562.10 per oz., up US$9.80 per ounce. Shares of K92 Mining rose 20¢ to $3.20 on…
TSX moves higher, Jan. 6-10: Kirkland Lake, Detour, Equinox, Teck
The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals…
M&A will continue in 2020, Dorsey & Whitney says
Nora Pincus, a partner at the international law firm Dorsey & Whitney, forecaststhat the significant volume of mergers and acquisitions (M&A) activity in the metals and mining space in 2019…
Commentary: Is a diesel supply shock coming?
New ocean shipping regulations could have a big impact this year. Under International Maritime Organization (IMO) rules that came into effect on Jan. 1, emissions from fuel used in ocean…
Sibanye-Stillwater becomes DRDGOLD’s majority owner
South Africa’s Sibanye-Stillwater (NYSE: SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (NYSE: DRD), bringing the total stake in the gold tailings retreatment company to…
Consolidation will continue in the gold sector, B of A says
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion — the highest in nine years…
Harte Gold delivers strong Q4 production, exceeds guidance
Production of 8,017 oz. gold in the fourth quarter from its Sugar zone mine has allowed Harte Gold (TSX: HRT; US-OTC: HRTFF) to exceed its previously revised production guidance of…
Orezone Gold launches $20M bought deal
Burkina Faso-focused developer Orezone Gold (TSXV: ORE) has announced a $20 million bought deal co-led by Canaccord Genuity and PI Financial. The underwriters will purchase a total of 37.1 million…
Chile’s top court backs Barrick in Pascua Lama water case
Chile’s Supreme Court handed another small victory to Barrick Gold (TSX: ABX; NYSE: GOLD) after rejecting an appeal by a local indigenous community asking for a revision of the water…
Sokoman advances Moosehead gold project in Newfoundland
In November 2019, the Canadian Institute of Mining, Metallurgy and Petroleum’s Newfoundland and Labrador branch named Sokoman Minerals (TSXV: SIC) the prospector and explorer of the year for its wholly…
Maverix proves skeptics wrong
In the three and a half years since Geoff Burns cofounded Maverix Metals (TSX: MMX; NYSE-AM: MMX) with CEO Daniel O’Flaherty in July 2016, the royalty and streaming company’s portfolio…