Low coal prices cut into Teck’s profits
VANCOUVER — Teck Resources’ (TSX: TCK.B; NYSE: TCK) second quarter profit fell to $72 million, down more than 70% compared to the same quarter last year because of low metallurgical coal prices.
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RB Energy shares tank on production delay, financing needs
Shares in RB Energy (TSX: RBI; US-OTC: RBEIF) tumbled by 28% on news that technical issues would delay production at its Quebec Lithium project, and that the company needs another cash infusion just two months after closing a $22-million…
Cliffs reports disappointing Q2 ahead of proxy vote
Whether or not a dissident shareholder succeeds in replacing Cliffs’ (NYSE: CLF) CEO at its annual general meeting next week, big changes are likely in store for the iron ore and metallurgical coal miner.
Kennady Diamonds expands drill program at Kennady North
Encouraging results from its Kennady North diamond project in the Northwest Territories have Kennady Diamonds (TSXV: KDI) doubling its summer drill program, adding a third drill, and rethinking the potential size of the project.
Calibre Mining a golden bet in Nicaragua
VANCOUVER — Junior Calibre Mining (TSXV: CXB; US-OTC: CXBMF) appears well positioned to benefit from a trio of promising regional gold assets in Nicaragua.
New management at Anglo Pacific shifts focus to royalties
After graduating with a BA from Harvard University and an MBA from Harvard Business School, Julian Treger launched his career working for Lord Rothschild as an in-house corporate financier managing a portfolio of public and private equity…
Premier’s Hardrock grows in quantity and quality
Another 86,500 metres of drilling and a deeper Whittle shell using steeper pit walls has increased the size of Premier Gold Mines’ (TSX: PG; US-OTC: PIRGF) flagship Hardrock deposit in northern Ontario, the company says.
BCSC accuses analyst at Mt Kellett of improper insider trading
The B.C. Securities Commission is alleging that a Hong Kong-based analyst working for a global institutional investor in 2012 tipped his sister about information regarding a cost overrun that had not been publicly disclosed at Baja…
Silver Wheaton a top pick for Salman Partners
Silver Wheaton (TSX: SLW; NYSE: SLW) has been upgraded to Salman Partners analyst Ash Guglani’s top-picks list due to its attractive production and growth profile.
Ross Beaty and Zebra Holdings buy into Kaminak
Shares of Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) surged nearly 33% to $1.05 after the company announced that Ross Beaty and Zebra Holdings (the trust of the late Adolf H. Lundin) are to become significant shareholders.
Endeavour Mining bounces back in 2014
VANCOUVER — After posting a big-time loss in 2013, West Africa-focused gold producer Endeavour Mining (TSX: EDV; US-OTC: EDVMF) pledged for a comeback, and based on the company’s performance over the first half of…
Cameco puts Cigar Lake on ice
VANCOUVER — Cameco (TSX: CCO; NYSE: CCJ) has suspended mining at its Cigar Lake uranium mine in Saskatchewan so that the high-grade orebody can freeze — a necessary step in mining the waterlogged deposit.