Resource Big News: Steppe Gold Commences Gold Production, Copper Fox Announces Updated Mineral Resource Estimate on Van Dyke Project

- March 27th, 2020

In case you missed it, here is this week’s resource big news roundup.

Both the TSX Composite and TSX Venture dropped slightly to open Friday’s trading following a relatively strong week in the stock markets driven by announcements of economic support and stimulus packages by governments throughout the world. The negative sentiment was partially driven by the continued spread of the coronavirus in the United States, which has overtaken China for the most confirmed cases of the virus in the world with at least 85,996 according to Johns Hopkins University.

Following up on the announcement of an C$82 billion support package unveiled last week, Prime Minister Justin Trudeau announced the federal government is hiking its wage subsidy for small and medium-sized businesses from 10 percent to 75 percent on Friday morning. The subsidy is expected to be applied retroactively as of Sunday, March 15th. “It is clear we need to do more,” Prime Minister Justin Trudeau said at a press conference on Friday. The TSX Composite opened Friday’s session at 12,820.67 down 4.1 percent, while the TSX Venture dipped by just over a point to reach 397.36.

In case you missed it, here is this week’s resource big news roundup: 





To see our previous investing big news roundups, click here.

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