Premier gathers momentum on grade
Many stocks within the junior gold sector are languishing, but Premier Gold Mines (PG-T) is showing there is still life for explorers that find the grade.
Volume 99 Number 19 Jun 24 - 30, 2013
Sabina raises funds for Back River’s exploration
Sabina Gold & Silver (SBB-T) is raising $20 million to keep the drills turning on its advanced-stage Back River gold project in Nunavut’s West Kitikmeot region, a move that has one analyst scratching his head.
Integra Gold expands drill program at Lamaque
Integra Gold (ICG-V) is delaying the release of an updated resource estimate that was scheduled for later this month, not because it has fallen on hard times like so many other juniors these days, but because new results from its 2013 drill…
Toronto Stock Exchange, June 10-14
The Toronto Stock Exchange took a beating during the week, with the S&P/TSX Composite Index tumbling 186 points to 12,187.36, as worries resurfaced of the U.S. Federal Reserve tapering its bond-buying program.
TSX Venture Exchange, June 10-14
The S&P/TSX Venture Composite Index lost ground for the second consecutive week during the trading period, with the exchange dropping 1.9%, or 17.83 points, en route to a 933.57-point close. The Venture lost ground early in the week on…
U.S. markets, June 10-14
U.S. stocks retreated for the third week in a row, with the Dow Jones Industrial Average dipping 1.2% to 15,070.18, the S&P 500 Index off 1% to 1,626.73 and the Nasdaq Composite down 1.3% to 3,423.55. Markets were volatile ahead of the…
Correction
In last week’s story “Selwyn’s boardroom battle hits fever pitch,” Benedict Cubitt was incorrectly identified as being with Resource Capital Funds, when in fact he is with Samara Capital. We apologize for the error.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 18, 2013 Precious MetalsPrice…
Canadian Zinc gets some cash from Sandstorm
Capital may be scarce, but Canadian Zinc (CZN-T) has cut a deal that will inject US$10 million into its coffers.
Western gets $32M for Milestone from Chinese firms
Western Potash (WPX-T) has lined up $32 million to develop its Milestone potash deposit in Saskatchewan, giving it some breathing room to secure more funds to advance its $3.3-billion project.
Teranga aims to boost Sabodala with Oromin bid
VANCOUVER — Toronto-based producer Teranga Gold (TGZ-T, TGZ-A) is taking a second swing at Vancouver-based junior Oromin Explorations (OLE-T) with an all-share acquisition offer. Teranga’s target is Oromin’s 43.5% stake in the…
Votorantim, El Nino prove up Bathurst
The Bathurst camp in New Brunswick is proving that, after all these years, it still has plenty more to give.