TSX slips, Aug. 15–19
Canada’s benchmark index retreated into negative territory, down 0.4% to 14,687.46. The S&P/TSX Global Mining Index fell 1.4% to 66.62. The S&P/TSX Global Gold Index lost 4% to close at…
South America
Brazil Resources to buy Titiribi
Brazil Resources (TSXV: BRI; US-OTC: BRIZF) aims to grow its gold resources by acquiring the large Titiribi gold-copper project in central Colombia. The Vancouver-based junior, which has gold projects in…
Sierra Metals sees exploration growth at its three underground mines
Sierra Metals (TSX: SMT) shares gained momentum after the company outlined its commitment to increase high-grade tonnage at its Yauricocha polymetallic mine in Peru, and Bolivar and Cusi mines in…
Dynasty Metals shares surge on proposed US$4M financing
Shares of cash-strapped Dynasty Metals & Mining (TSX: DMM; US-OTC: DMMIF) have shot up after the company announced a US$4-million private placement with three directors of Goldgroup Mining (TSX: GGA;…
US indexes set new records, Aug. 8-12
Wall Street set a record on Aug. 11, after stronger oil prices and better corporate earnings from several large retailers. The last time its three major indexes touched record levels…
Odds ‘n’ Sods: The rediscovery of Nambija and the road to FDN in Ecuador
The following is an edited version of the first chapter from an upcoming memoir entitled “The Last Great Adventure,” for which any profits will go to the Baca Ortiz Hospital…
CB Gold surges on Santa Ana deal
Shares of CB Gold (TSXV: CBJ) jumped 36% on news that the junior explorer has bought the Santa Ana silver project in Colombia. Santa Ana, on the eastern side of…
Tahoe’s Q2 earnings beat expectations
Tahoe Resources (TSX: THO; NYSE: TAHO) shares rose nearly 6% on the back of solid second-quarter earnings, leaving investors and analysts cheering. The Reno, Nev.-based producer with operations in Guatemala,…
Mirasol hunts for gold in Argentina, Chile
VANCOUVER — In a hallway at the Sprott Natural Resource Symposium in Vancouver in July, Mirasol Resources (TSXV: MRZ) president and CEO Stephen Nano thumbs through a number of geological and…
Odin Mining to buy Ecuador Gold and Copper
In a friendly all-share deal that knits together assets in southern Ecuador, Odin Mining and Exploration (TSXV: ODN), a junior that counts mining entrepreneur Ross Beaty as its largest shareholder,…
Silver Wheaton paying US$800M to raise Salobo gold stream to 75%
Silver Wheaton (TSX: SLW; NYSE: SLW) is offering a subsidiary of Vale (NYSE: VALE) US$800 million to buy another 25% gold stream from the Salobo copper-gold mine in Brazil. Vancouver-based…
Gold majors deliver Q2 results
Many companies published their second-quarter earnings on July 27, including gold miners Barrick Gold (TSX: ABX; NYSE: ABX), Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Goldcorp (TSX: G; NYSE: GG)…