Canada’s territories on diverging GDP paths: Conference Board of Canada
It’s tough enough to have an economy dependent on commodity cycles, but doubly so in the small economies of Canada’s three territories, where the opening or closing of a single…
Financial Matters, M&A
New Gold redesigns tailings facility, raises capex
With tailings dam disasters at Imperial Metals’ Mount Polley mine in B.C., and the Samarco mine jointly owned by BHP Billiton and Vale in Brazil, the integrity of tailings management…
PotashCorp, Agrium in merger talks amid weak fertilizer markets
VANCOUVER — Fertilizer giants Potash Corporation of Saskatchewan (TSX: POT; NYSE: POT) and Agrium (TSX: AGU; NYSE: AGU) are reportedly contemplating a potentially game-changing merger. On Aug. 30, the companies confirmed…
Gowest Gold advances Bradshaw deposit in Timmins
Gowest Gold (TSXV: GWA) is stepping closer to developing the next gold mine in Ontario’s Timmins gold camp, within the Abitibi greenstone belt. The belt has produced more than 172…
BHP tables US$6.4B loss in worst-ever year
VANCOUVER — BHP Billiton (NYSE: BHP) has posted the worst annual financial results since its inception in 2001, but CEO Andrew Mackenzie now says the “free fall” has likely passed for…
Excellon swings back into profit as costs fall
Excellon Resources (TSX: EXN) is back in the black, after more than two years of losses. The operator of the high-grade Platosa silver-lead-zinc mine in Mexico reported a second-quarter adjusted…
Tahoe’s Q2 earnings beat expectations
Tahoe Resources (TSX: THO; NYSE: TAHO) shares rose nearly 6% on the back of solid second-quarter earnings, leaving investors and analysts cheering. The Reno, Nev.-based producer with operations in Guatemala,…
Editorial: Gold gains appeal in UK as interest rates hit 322-year low
One of the features of the gold bull run from 2001 to 2011 was the divergence in enthusiasm for gold on either side of the Atlantic. Gold bugs taking in…
Editorial: Komatsu scooping up Joy Global for US$2.9B
Just in time to create even more excitement at the massive, once-every-four-years MINExpo International convention in Las Vegas in September, Tokyo-based manufacturing giant Komatsu has struck a friendly, blockbuster deal…
TSX Venture posts gains, July 18-22
The S&P/TSX Venture Composite Index edged up 3.61 points, or 0.5%, to a 769.97-point close. Spot gold prices declined for the second week in a row, falling US$14.72, or 1.1%,…
Ascot prepares for Sprott’s $20M investment
VANCOUVER — Ascot Resources (TSXV: AOT) is reconsidering plans on how to best advance its flagship Premier gold-silver project, 20 km northeast of Stewart, B.C., now that mining and exploration financier Eric…
Canadian IPOs MIA in flat market, PwC survey says
The following is an edited release from PwC. For more information, please visit www.pwc.com. Investors hoping for a rebound in the Canadian market for initial public offerings (IPOs) will…