Nexus to further explore McKenzie gold project

Around 100 locals invaded the site over the weekend, occupying a number of installations, and forcing the company to suspend all operations.

After a mine technician was fatally injured at the site Sunday night.

The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.

Experts are warning the finding might be just an hoax.

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

Prime Minister Stephen Harper said if re-elected, the Conservatives will extend the mineral exploration tax credit and add another, higher tax credit for projects in remote areas.

Despite happy economic reporting from the government, ShadowStats' John Williams warns that underlying problems from the crash of 2008 were never addressed, leaving the United States in a recession papered over by sleight of hand and a workforce redefined out of existence.

CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.

The Vancouver-based miner has released an independent report that found no evidence of forced labour or human rights violations at its Eritrean gold and copper operation.