Tough times for drillers in early 2013
Delays to drill programs will translate into a weak first half of 2013 for drilling companies, CIBC analysts forecast in a new report.
Commodities Markets
Editorial: Gold’s mixed signals
The fickle nature of the gold market was on show in late February, as Wall Street powerhouse Goldman Sachs dramatically revised downward its 2013 gold price forecast on Feb. 25 to US$1,600 per oz. from US$1,810 per oz., citing the recent drop…
Delaney: Resource extraction to be more costly, difficult
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…
Commentary: Approaching the sustainability trend
Companies need to continually reframe business practices in order to survive as markets, technology and expectations change. More specifically, miners need to consider the many other complexities driving the widespread and growing criticism of…
Commentary: Prepping for PST in BC
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).
Tough times for drillers in 1H 2013
Delays to the start-up of drill programs will translate into a weak first half of 2013 for drilling companies, CIBC analysts forecast in a new report.
Beefing up Canada’s anti-corruption legislation
On Feb. 5, 2013, broad amendments to the Corruption of Foreign Public Officials Act (CFPOA) were tabled in the Canadian Senate through Bill S-14, which will effectively bring Canada’s anti-corruption regime more closely in-line with the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 19, 2013Precious MetalsPrice…
Editorial: Writedowns and the damage done
Another week, and we present yet another issue filled with talk of writedowns, dividend cuts and CEO exits among the majors. It’s been the theme of much of the producers’ side of the industry these past few months.
HSBC’s sunny silver outlook
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz. owing to improving industrial demand and investor appetite, and a…
Japan, Russia breathe new life into uranium
VANCOUVER – After a rough couple of years, uranium seems primed for a comeback.
HSBC talks silver
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz., respectively, due to a combination of improving industrial demand…