In a speech on the state of the global mining industry, Ian Delaney, chairman of Sherritt International (S-T), stated that the world has entered an era of resource scarcity, in which most large-scale, high-grade deposits have already been…
The S&P/TSX Composite Index advanced during the trading week, adding 15 points to end at 12,701.63, while the other indexes didn’t fare as well.
The S&P/TSX Venture Composite Index dropped 3.5%, or 40.97 points, during the trading period before closing out the week at 1,144.68, while declining commodity prices put downward pressure on Canadian markets.
The S&P 500’s seven-week winning streak ground to a halt, with the benchmark index falling 0.1% to 1,515.60. The Dow Jones Industrial Average edged 0.1% higher to finish at 14,000.57, and the Philadelphia Gold and Silver Index lost…
Analysts across the board are forecasting rising uranium oxide prices in 2013, underpinned by China’s drive to build a pile of new nuclear reactors. The effort is well underway with 29 units already under construction, but China is not…
Mining is an unpredictable business, but it’s still cyclical in nature. In good and bad times, the industry faces new, unique challenges, and nowhere is this more evident than in executive compensation.
VANCOUVER — A busy 12 months for Toronto-based explorer Energizer Resources (EGZ-T) culminated on Feb. 26 with the release of a preliminary economic assessment (PEA) on its Molo graphite deposit, 145 km southeast of the city of Toliara in…
VANCOUVER — Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-T, ABX-N) hoped it would be.
SAN LUIS POTOSI, MEXICO — Cylindrical brick stacks poking out of the barren hillsides can be seen from miles away. But curiously, they don’t attach at the base to any grand warehouse or factory.
Osisko Mining (OSK-T) foresees better days ahead at its flagship 100%-owned Canadian Malartic gold mine in the town of Malartic, west of Val-d’Or, Que.
When an African gold-mining operation ran up against unusual rock formations that according to local rumours might be human graves, a religious ruling forced mine expansion plans to be put on hold.
April 1 is fast approaching, and B.C. mining companies are bracing for the change back to a 5% federal goods and services tax (GST), and a 7% provincial sales tax (PST).
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