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U.S. markets, Dec. 9-13

U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…


TSX Venture Exchange, Dec. 9-13

The S&P/TSX Venture Composite Index declined for a second straight week during the trading sessions, with a sell-off heading into the holiday season resulting in a 2.4%, or 22.18-point loss, en route to a 894.47-point close. Word on the…


Yellowhead lines up $8M for Harper Creek

Yellowhead Mining (TSX: YMI; TSXV: YMI) has announced an $8-million convertible debt financing with Calgary-based private firm Matco Investments to continue working on its flagship Harper Creek copper–gold–silver project in southern…


Detour Gold founder and former CEO Gerald Panneton. Credit: Sam Crittenden

Detour sinks on CEO’s exit

Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…


Drill Hole 4F5 from Zenyatta Ventures' Albany graphite project in northern Ontario. Credit: Zenyatta Ventures

Zenyatta sinks on Albany’s resource estimate

Zenyatta Ventures (TSXV: ZEN) has published its first resource estimate on its 100% Albany vein-type graphite deposit in the Arc of Fire region within northern Ontario’s Porcupine Mining district, sending its shares sliding.


Capstone Mining's Pinto Valley copper-molybdenum mine in Arizona, 125 km east of Phoenix.  Credit: Capstone Mining

Capstone’s Pinto Valley ‘doing better than expected’

Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…


An aerial view of New Gold's Blackwater gold project in British Columbia. Credit: New Gold

Blackwater looks far-off for New Gold

It looks as though New Gold (TSX: NGD; NYSE-MKT: NGD) will have to wait for more robust gold prices to get its Blackwater project into production.


Mining operations at Brigus Gold's Black Fox project in Ontario. Credit: Brigus Gold

Primero bids for Brigus Gold

VANCOUVER — It’s been just over two years since gold producer Primero Mining (TSX: P; NYSE: PPP) was outbid for the Young–Davidson gold mine in Ontario by AuRico Gold (TSX: AUG, NYSE: AUQ), but the company…


Workers conduct vibracore drilling on a tailings pond at Coastal Gold's Hope Brook gold project in Newfoundland. Credit: Coastal Gold

Coastal Gold makes headway

Coastal Gold (TSXV: COD) has updated the resource estimate for its Hope Brook gold project on the southwestern coast of Newfoundland, with grades in the indicated category 30% higher than in the last resource estimate completed in October 2012.


An aerial view of the Lucky Queen silver project, currently under development by Alexco Resource in the Yukon. Credit: Alexco Resource

Second Keno Hill mine is key to Alexco’s plan

VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…


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