Volume 102 Number 3 Feb 29 - Mar 6, 2016

Richmont Mines' Island Gold mine near Dubreuilville, Ontario, 80 km northeast of Wawa. Credit: Richmont Mines

Richmont boosts gold reserves 187%

Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is reaping the rewards of its extensive drilling campaigns last year, with a combined 187% increase in reserves at its two gold mines: Island Gold in Ontario and Beaufor in Quebec.

US stocks soar, Feb. 15-19

The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…

Excelsior Mining's Gunnison copper project in Arizona, 100 km southeast of Tucson. Credit: Excelsior Mining

Excelsior updates Gunnison prefeasibility

A staged production approach at Excelsior Mining’s (TSXV: MIN; US-OTC: EXMGF) Gunnison copper project in southeastern Arizona would slash upfront capital costs and lower financing risk, while delivering a post-tax internal rate of return…

Kinross Gold's Kupol gold mine in the Chukotka region of Russia's Far East. Credit: Kinross Gold

Kinross credit rating cut to ‘junk’

Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…

TSX posts 3.5% gain, Feb. 15-19

Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…

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