Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
Articles by Northern Miner Staff
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Richmont CEO Renaud Adams: ‘Now we control our destiny’
Richmont Mines’ (TSX: RIC; NYSE-MKT: RIC) president and CEO Renaud Adams talked to The Northern Miner about the 187% reserve increase at its two gold mines. Reserves at the Island Gold mine in Ontario grew 206% to…
US stocks soar, Feb. 15-19
The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…
Thornton’s Barrick looks leaner
Barrick Gold (TSX: ABX; NYSE: ABX) is benefitting from going back to the basics, under the direction of chair John Thornton.
Western Lithium: a producer in the making?
VANCOUVER — Management of Western Lithium (TSX: WLC; US-OTC: WLCDF) finds itself in a fortuitous position following the recent surge of interest in the global lithium industry. The company negotiated a merger with South American…
First Quantum’s US$5B debt creates ‘material uncertainty’
VANCOUVER — It’s a sign of the times that analysts tend to pay more attention to balance sheet health than production metrics during quarterly report season, and First Quantum Minerals (TSX: FM; LON: FQM) did little to…
Video: ‘At the Bar’ featuring Brent Cook, Mickey Fulp and more at VRIC 2016
Cutifani strives for ‘new’ Anglo American after tough 2015
In a video message to shareholders, Anglo American (US-OTC: AAUK; LSE: AAL) CEO Mark Cutifani said the company will dispose of an additional US$3-$4 billion in assets this year after posting a net loss of US$5.5 billion in 2015.
Capstone outlines strategy to combat low copper price
VANCOUVER — Management at Capstone Mining (TSX: CS) acknowledged some of the questions surrounding its balance sheet during a mid-February conference call scheduled to discuss its financial performance last year. The spectre of…
Missanabie Cree First Nation signs deals with seven suppliers
In January the Missanabie Cree First Nation (MCFN) announced joint ventures with seven firms to help its community work on development projects on its territories in northern Ontario.
Junior uranium execs pitch rebound in market
VANCOUVER — The CEOs of three North American uranium juniors took to the stage during an open-panel session at the Vancouver Resource Investment Conference in January to discuss the broader uranium market and argue why it is due to…