S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Commodities & Metals

Junior Gold Miner Rubicon Gets Permits (RBY, GG, GDXJ)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Rubicon Minerals Corp. (AMEX: RBY) said today that it has received approval from the Ontario, Canada, environmental ministry for its proposed amendments to water, sewage, and air permits at the company’s Phoenix Gold Project at Red Lake, Ontario. The company is now “fully permitted to develop, construct and operate a potential mining and milling facility.”

The Red Lake project is near three mines operated by Goldcorp Inc. (NYSE: GG), which Rubicon claims is “the richest gold deposit in the world.” The company owns 100% of the project, as well as about 100 square miles of acreage in the area for further exploration.

Shares of Rubicon are up about 0.9% today at $3.41 in a 52-week range of $2.87-$5.86. The Market Vectors Junior Gold Miners ETF is up about 0.2% at $24.85 in a 52-week range of $22.58-$42.97. Rubicon comprises 2.2% of the assets in the Junior Gold Miners ETF.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Junior Gold/Silver Miners Surge (XRA, TGD, AXU, THM, GSS, ASM, FSM, AUMN, KGN, AEM, GG, IAG, GOLD, RGLD, GLD, GDX, GDXJ)

Of the top 25 price gainers today, 15 are gold or silver miners, most are the juniors, and all are…

Jon C. Ogg |

Hardest Hit Gold Stocks, Searching For Value (GLD, GDX, GDXJ, BVN, GSS, NAK, NG, RBY, UXG)

Gold has held up rather well compared to many metals, yet the mining stocks and the underlying gold stocks are…

Jon C. Ogg |

Despite $1,400 Gold, Still Many Gold Laggards (GLD, GDX, GDXJ, AUY, KGC, RGLD, GRS, RBY, NXG, XRA, DROOY)

Gold is hitting record highs now that we are seeing above $1,400.00 per ounce on COMEX.  The translation to all…

Paul Ausick |

Big Movers This Morning (PEIX, WDC, RBY, RIMM, LOT, EEP)

Several stocks are making big moves this morning on very heavy volume. The big movers include Pacific Ethanol, Inc. (NASDAQ:…

Jon C. Ogg |

New Alaska Gold & Copper Mine Clears Major Hurdle (NAK, RIO, AAUKY, ABX, NG, GDX, GDXJ, GLD)

A state superior court judge in Alaska has ruled against an environmental group in a lawsuit aimed at stopping development…

Paul Ausick |

Gold Miner Northern Dynasty’s Stock Hammered by EPA Action

ThinkstockShares in junior gold miner Northern Dynasty Minerals Ltd. (NYSEMKT: NAK) got slammed late on Friday following an announcement by…

10 Top Gold and Silver Miners May Be the Next M&A Targets
Paul Ausick |

10 Top Gold and Silver Miners May Be the Next M&A Targets

A multi-billion-dollar acquisition in the precious metals industry could signal a wave of deals in the coming years aimed at…

Paul Ausick |

An Acquisition in Gold Country (AUY, XG, AU, GG, PAAS, CDE)

Canadian gold miner Yamana Gold Inc. (NYSE: AUY) announced this morning that it is acquiring Canadian junior miner Extorre Gold…

Jon C. Ogg |

More Trouble for Gold Miners, with Some Exceptions

Newmont Mining Corp. (NYSE: NEM) is supposed to be one of the biggest and best gold miners out there. Its high…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820