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TSX sinks as metal & energy stocks fall, loonie down

The main Canadian stock index was left depressed on Thursday September 16 amid the anticipations surrounding the federal election due next week and the…

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This article was originally published by Kalkine Media - Canada

The main Canadian stock index was left depressed on Thursday, September 16, amid the anticipations surrounding the federal election due next week and the US Federal Reserve’s plans of shrinking its stimulus.

The index was primarily pulled down by the base metals sector, which dipped by about 3.88%, and the energy sector, which was down by about 0.92%.

The losses were partially offset by the tech, financials and telecom sectors, which noted gains of about 0.38%, 0.18% and 0.094%, respectively.

At close, the S&P/TSX composite index was down by 91.69 points, or 0.4%, settling at 20,602.10 on Thursday.

Active Volume

Nevada Copper Corp. (TSX:NCU), Canadian Natural Resources Limited (TSX:CNR) and Suncor Energy Inc. (TSX:SU) were among the most active stocks on the TSX on Thursday from the volume standpoint. 

Movers and Laggards

Wall Street Update

Despite the retail sales data reporting significant results in the US, Thursday’s trading session saw early losses.

The Dow Jones industrial average fell 63.07 points to 34,751.32, while the S&P 500 index slipped 6.95 points to 4,473.75. The Nasdaq, on the other hand, climbed by 20.39 points to 15,181.92.

Commodity Update

Gold traded lower at US$ 1753.7/oz, down 2.2%.

Brent crude climbed 21 cents, or 0.3%, to US$ 75.67 a barrel, while US West Texas Intermediate (WTI) remained unchanged at C$ 72.61 a barrel

Currency News

The Canadian Dollar slid against its US counterpart by 0.3% to 1.2675, while USD/CAD rose to 1.26, down 0.14%.

Money Market

The US 10-year bond yield rose on Thursday, up 2.9 basis points at 1.333%.

The Canada 10-year bond yield hit its highest point since August 12 on Thursday at 1.272%. However, it pulled back to 1.231% at close, up 1.2 basis points.            

Today’s News

Eco Oro Announces Change in Directors

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) — Eco Oro Minerals Corp. (CSE:EOM) (the “Company” or “Eco Oro”) announced today…

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VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Eco Oro Minerals Corp. (CSE:EOM) (the “Company” or “Eco Oro”) announced today that Pierre Amariglio has been appointed to Company’s board of directors (the “Board”) and will serve as Co-Executive Chair of the Board, together with Courtenay Wolfe, the current Co-Executive Chair of the Board. This appointment was made in accordance with the terms of the Amended and Restated Settlement Agreement dated September 11, 2017 between the Company, Trexs Investments, LLC, an entity managed by Tenor Capital Management Company, L.P. (“Tenor”), and certain other parties, to fill the vacancy created by the resignation of Blair Wallace from the Board.

Pierre Amariglio is a dual qualified American-French lawyer with extensive experience in international arbitration. He is the Director of Litigation of Finance at Tenor.

Company Profile

Eco Oro Minerals Corp. is a publicly-traded company and its arbitration against the Republic of Colombia is its core focus.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE Eco Oro Minerals Corp.

For further information: Paul Robertson, Chief Executive Officer (Interim)
Tel: +1 604 682 8212, TF: +1 855 682 8212.
CO: Eco Oro Minerals Corp.

 


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Today’s News

Nevada Gold Mines Completes Exchange Transaction to Consolidate South Arturo Property

ELKO, Nev., Oct. 14, 2021 (GLOBE NEWSWIRE) — Nevada Gold Mines (NGM) today announced it has completed the previously announced asset exchange transaction…

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ELKO, Nev., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Nevada Gold Mines (NGM) today announced it has completed the previously announced asset exchange transaction to acquire from i-80 Gold Corp. the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure which are currently in care and maintenance.

About Nevada Gold Mines
Nevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined their significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.

ENQUIRIES

Catherine Raw
Barrick COO, North America
Tel: +1 416 307 5157
Email: [email protected]

Greg Walker
NGM Executive Managing Director
Tel: +1 702 526 3194
Email: [email protected]

Kathy du Plessis
Investor and media relations
Tel: +44 20 7557 7738
Email: [email protected]


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Today’s News

Rockhaven Resources Ltd. Clarifies Disclosure

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / As a result of a review by the British Columbia Securities Commission, Rockhaven Resources Ltd. (TSXV:RK)…

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VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / As a result of a review by the British Columbia Securities Commission, Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven" or the "Company") is issuing the following news release to clarify its disclosure.

The corporate website, presentation and fact sheet contained references to the 2020 Preliminary Economic Assessment (PEA) results but did not disclose that a portion of the resource used in the PEA considered inferred mineral resources. As per section 2.3(3)(a) of NI 43-101, all references to the 2020 PEA results contain disclosure which cautions readers that the PEA is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Additionally, the Company used over promotional language with respect to the sensitivity analysis related to the 2020 PEA and next steps for the project. These statements have been amended and are now in compliance.

Qualified Persons

Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada" which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
[email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rockhaven cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the control of Rockhaven. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven's financial statements available under the Rockhaven profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rockhaven undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Rockhaven Resources Ltd.



View source version on accesswire.com:
https://www.accesswire.com/668280/Rockhaven-Resources-Ltd-Clarifies-Disclosure

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