Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…
Cashed-up gold producer Aurizon Mines (ARZ-T, AZK-X) has taken a step back from the development threshold on its Joanna gold property 20 km east of Rouyn-Noranda, Que. The company made the decision following a lukewarm feasibility study on a…
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
VANCOUVER — A lot has changed since Vancouver-based producer Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine 240-km-north of Whitehorse in 2007. At the time the mine had an eight-year life and a throughput…
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
VANCOUVER — The S&P TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains in the June 11-15 period, ending at 1,251.02 points. Volume was also down for most of the period, but a spike…
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
Toronto Stock Exchange
The S&P/TSX Venture Composite Index was virtually unchanged in the period, ending up a little over a point at 1,292.93. Volume also saw little change in-line with recent weeks, at a daily average of 69 million shares traded.Aurcana was the…
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Selwyn lead-zinc underground mine in the Yukon as its tries to make the project affordable.The company, which is developing the Selwyn…
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
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