While project costs are escalating for many companies in the oil sands, Southern Pacific Resources (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.
VANCOUVER — Thompson Creek Metals (TCM-T, TC-N) has set out to raise about $412 million in two separate financings to plug a funding shortfall at its under-construction Mt. Milligan mine in British Columbia.
VANCOUVER — After boldly promising to indefinitely shut down Fortuna Silver Mines’ (FVI-T, FSM-N) San Jose mine in Mexico’s Oaxaca state, a group of between 80 and 120 protesters showed up at the mine site on Monday and were…
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will have to be suspended, Baja Mining (BAJ-T, BAJFF-O) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in…
This year marks Miranda Gold’s (MAD-V) most active drill season to date, with partners spending between $5 million and $7 million to test at least seven of the company’s nine joint-venture projects.
VANCOUVER — Canadian oil-sands juggernaut Suncor Energy (SU-T, SU-N) beat analyst’s estimates and strengthened its cash position during the first quarter, as the company’s strategic integration of refining facilities off-set a…
There has been a significant paradigm shift in public activism in Canada and a growing hostility toward mining and dogmatic opposition by environmentalists and social action groups toward virtually all mining and energy projects. This new…
VANCOUVER — Toronto-based Torex Gold (TXG-T) is navigating the often tricky waters that mark the transition between being an exploration outfit and a mine developer. With an updated resource estimate to kick-off May, and a bankable…
Volatility continued to reign supreme as investors had to weather another down period in Toronto as troubles south of the border and across the Atlantic took centre stage. Rattled investors sent the TSX Composite Index down 332 points to…
VANCOUVER — The S&P TSX Venture Composite Index slipped back to negative territory in the April 30 – May 4 period, ending down 7.71 points at 1,405.05 after three days of losses outweighed two days of gains. Volume for the…
It was one of the worst weeks on Wall Street so far this year. Ahead of key elections in Europe that threatened to derail advocates of tough austerity measures in France and Greece, U.S. payroll data showed that hiring in the U.S. slowed for a…
An editorial in The Northern Miner criticized Canada’s Extractive Sector CSR counsellor, Marketa Evans, for “shooting another blank” in reference to the office’s second case, involving First Quantum Minerals’ Guelb…
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