Volume 102 Number 14 May 16 - 22, 2016

TSX ends in the red, May 2–6

The Toronto stock market declined during the first week of May on the back of lower commodity prices and weak economic data. Statistics Canada reported the economy lost 2,100 jobs…

Argonaut boosts San Agustin’s economics

Argonaut Gold (TSX: AR) shares gained 11% after an updated preliminary economic assessment (PEA) on the San Agustin gold-silver project in Mexico cut initial cost estimates 36% and improved returns. The…

A mining truck at Teck's Coal Mountain project in southeastern British Columbia. Credit: Teck Resources.

Teck’s Q1 profit beats expectations

Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…

Inside the processing facilities at Pure Gold's Madsen project in Ontario’s Red Lake camp. Photo by Matthew Keevil.

Pure Gold sees low costs at Madsen

Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has outlined a low-cost development scenario at its Madsen gold project in Ontario’s Red Lake camp, with analysts raising their price targets. A recent…

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