‘We’re Open For Business’ – Montreal Mayor To Mining Sector

(Kitco News) – Montreal mayor Denis Coderre gave a ringing vote of confidence to the Quebec mining sector while announcing the metropolis is open to working together.

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Gold Slumps as U.S. Stock Market Surges, U.S. Dollar Strengthens

Gold prices ended the U.S. day session solidly lower Thursday, on more profit taking from the shorter-term futures traders and on a weakening near-term technical posture that prompted chart-based selling. Less risk aversion in the market place this week, evidenced by the strong rally in the U.S. stock market, has also been a major negative for the safe-haven gold market. December Comex gold was last down $16.50 at $1,229.00 an ounce. Spot gold was last quoted down $12.30 at $1,229.25. December Comex silver last traded down $0.056 at $17.175 an ounce.

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Mining Industry Needs To Loosen Up With Innovation – Nippon Dragon CEO

(Kitco News) – André Savard, president and chief executive officer of Nippon Dragon, spoke with Kitco News at Québec Mining Exploration Xplor 2014 Convention in Montreal, Quebec, said the mining industry knows they need to innovate, but it’s been a slow process.

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