Proactiveinvestors showcases two CNSX-listed companies in Toronto next month

Articles

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  2:23 pm

  Gold's safe haven appeal reaffirmed once more

   

  Gold futures were up across the board Thursday as investors reaffirmed the precious metal’s status as a safe haven in the face of weaker than expected economic data from China and a U.S. dollar under pressure

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  1:32 pm

  Revett Minerals dealt another blow as it cuts workforce on delays at Troy mine

  Revett Minerals (NYSE MKT:RVM) (TSE:RVM)  plunged almost 25 per cent on Thursday after the company said it must slash its workforce at its Troy mine amid some unexpected structural damage found as part of its underground development work. 

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  1:09 pm

  Canadian stocks end four-day gain on sluggish China data; TD Bank slides

  Canadian shares dropped on Thursday, ending a four-day winning streak, as the manufacturing industry in China, the largest importer of Canadian commodities, unexpectedly shrank. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) declined 0.6 percent to 12,676.17 at 12:29 p.m. in Toronto on Thursday. Two shares declined for every stock that gained. 

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  12:06 pm

  Losses subside on Street as new home sales lift

  U.S. stocks cut losses substantially on Thursday, with Dow industrials actually moving into the black after encouraging new home sales data, which worked against fears of the Fed potentially easing its bond buying program in the near term and weak Chinese manufacturing data. 

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  10:44 am

  Sunridge Gold defines sixth mineral resource at Asmara project

  Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for the Kodadu target on the company’s Asmara project in Eritrea, the sixth such mineral resource defined by the Vancouver-based exploration and development company on the property.

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  10:15 am

  Silvercorp Metals implements new mining strategy at Ying District to lower total mining costs

  Like many of its peers, Silvercorp Metals (TSE:SVM)(NYSE:SVM) has posted fourth quarter results that reflect the current challenges facing the mining industry, but the China-focused silver producer says that it is implementing a new mining strategy at its core operations that will lead to lower total mining costs, with the company also forecasting higher ore production for its next fiscal year. 

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  9:21 am

  Toronto-Dominion Q2 profit gains 2% on U.S. retail income; results fall short

  Toronto-Dominion Bank (TSE:TD), Canada’s second-largest lender by assets, said its fiscal second-quarter profit rose 2 percent as trading-related revenue increased and U.S. retail banking net surpassed domestic gains. Net income for the three months ended April 30 rose to C$1.72 billion, or C$1.78 a share, from C$1.69 billion, or C$1.78, a year earlier. 

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  8:51 am

  Wall Street to tumble after China, Fed prompt fears

  U.S. stock futures tumbled on Thursday despite a drop in jobless claims as concerns that the Fed would begin tapering its bond buying program in the near term and weak Chinese manufacturing data combined to hurt investor sentiment.