News

TSX falls on higher oil, gold prices, March 23-27

Canadian stocks fell for a third straight week, following bleak U.S. economic data and rising tensions in the Middle East. Oil and gold prices spiked after Saudi Arabia and its allies launched airstrikes against Houthi rebels in Yemen, who are…


"The Aussie dollar has weakened so much that Australian coal that previously was at the borderline of being profitable, is now profitable," Sultoon says. Image: BHP Billiton

Coal sector woes expected to accelerate, experts say

With coal prices sitting at multi-year lows, almost 17% of coal production this year in the U.S. could be at risk of idling or closure, as total cash costs plus sustaining capital expenditures exceed current market prices, Wood Mackenzie says…



US equities jump, March 16-20

U.S. stocks rose on a declining dollar and higher gold prices at a slower-than-expected pace, which pushed up the main indexes.


From left: Rod Thomas, president of the PDAC; David Palmer, president and CEO of Probe Mines, and winner of the Bill Dennis Award for a Canadian Discovery or Prospecting Success. Credit: ENVISIONDIGITALPHOTO.COM

PDAC celebrates 2015 award recipients

The recent annual convention in Toronto of the Prospectors & Developers Association of Canada saw a diverse group of mining personnel scoop up this year’s awards.



The Los Helados valley on the Chile-Argentina border, where NGEx Resources has one of its Los Helados copper-gold project. Source: NGEx Resources

NGEx builds on discovery in Chile-Argentina

VANCOUVER — Junior explorer NGEx Resources (TSX: NGQ; US-OTC: NGQRF) continues to expand mineralization at its Filo Del Sol project in a district it refers to as “Chile’s largest new copper-gold camp.” Bob Carmichael,…


Mark Bristow, chief executive of Randgold Resources. Source: Randgold Resources

PDAC 2015: Bristow bristles at folly of gold industry

Each year in Toronto, at the Prospectors & Developers Association of Canada mining convention, chief executive Mark Bristow holds court at an early morning breakfast meeting for some of the industry’s top bankers, analysts and…



TSX tumbles, March 9-13

Canada’s benchmark S&P/TSX Composite Index index fell during the trading week, losing 1.5% to close at 14,731.50 points. The S&P/TSX Global Gold Index dropped 1.8% to 157.90, as the spot price for gold gave back US$10 to end at…




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