This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dollar's Loss Is Gold's Gain

Junior company news

Western Copper and Gold (TSX:WRN) rose 10 percent on Monday after releasing a feasibility study on its Casino copper-gold project in the Canadian Yukon. The study recommends construction of an open-pit mine with a concentrator and heap-leach facility. Production would average 399,000 ounces of gold, 45 million pounds of copper, 15 million pounds of molybdenum and 1.8 million ounces of silver per year during the first four years of production.

Fighting in the Central African Republic has delayed plans by Canadian gold explorer Axmin (TSXV:AXM) to open its Passendro mine, Bloomberg reported. Axmin's CEO, George Roach, told the news outlet the mine will probably be delayed at least a year due to problems securing financing after rebels overran the mine site last month.

Shares in Eco Oro Minerals (TSX:EOM) scraped 52-week lows this week after the Colombian government announced it will create a wilderness park and prohibit mining where EOM is planning a silver-gold mine. Local authorities and environmental groups oppose the Angostura silver-gold project, located in the northeast of the country, believing the area to be the source of rivers supplying water to 2.2 million inhabitants, according to Reuters.

Golden Star Resources (TSX:GSC,AMEX:GSS) announced that it has received environmental and mining permits for the first phase of developing the Prestea underground mine in Ghana. "These permits allow the Company to commence initial development in the Central Shaft area in order to achieve early production and advance our infrastructure, with the long-term goal of transforming Prestea Underground into a modern, mechanized mine and a key contributor to lower cost gold production going forward," said Sam Coetzer, president and CEO.

 

Securities Disclosure: I, Andrew Topf, hold an equity position in Goldcorp.

Dollar's Loss is Gold's Gain from Gold Investing News

null
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs