US markets move marginally higher, Sept. 26-30
The U.S. Conference Board reported that consumer confidence increased in September for a second straight month and is now at its highest level since the recession. The Dow Jones Industrial…
Copper
Friedland a skeptic on lithium, rare earths
Robert Friedland, a renowned mining financier and promoter, took the stage at the recent Mines and Money Americas conference in Toronto to highlight the need for platinum and copper, as…
Companies need to take a ‘granular’ view of Mexico
A report by the Eurasia Group says the government of Mexico will remain ineffective in its fight against crime. The political risk analysis and consulting group notes that homicides in…
Teck seeks more cuts despite ‘cost reduction fatigue’
Teck Resources’ (TSX: TCK.B; NYSE: TCK) chief financial officer Ron Millos said the company intends to lower debt and improve operating costs, despite the fact that it is getting harder…
Upside ‘very much alive’ at Kwanika in BC, Serengeti says
VANCOUVER — The latest drill results from Serengeti Resources’ (TSXV: SIR) Kwanika copper-gold project, 250 km east of Smithers, may have triggered a 35% drop in the company’s share price,…
OceanaGold, B2Gold scramble as Philippines gov’t may suspend 20 more mines
VANCOUVER — The sociopolitical situation in the Philippines is volatile for miners in the wake of a national mining audit by President Rodrigo Duterte’s newly elected administration. On Sept. 27, Environment…
The geology behind Quebec’s world-class metal districts
For more than a few Quebecers, walking amongst some of the earth’s oldest rocks is an everyday occurrence. Almost 90% of the bedrock in the province belongs to the Canadian…
TSX gains on US Federal Reserve decision, Sept. 19-23
The U.S. Federal Reserve’s decision to hold interest rates steady sent Canada’s benchmark index up 1.7% to 14,697.93 and the gold price up 2.1% to US$1,337.10 per ounce. The S&P/TSX…
Falco eyes high-tech mining at Horne 5 in Rouyn-Noranda
VANCOUVER — Falco Resources (TSXV: FPC; US-OTC: FPRGF) says new mining technology and methods could boost efficiency at its large Horne 5 gold-silver-copper-zinc deposit in Rouyn-Noranda, Quebec. The $905-million operation would…
RNC focuses on free cash generation
RNC Minerals (TSX: RNX; US-OTC: RNKLF) — formerly Royal Nickel Corp. — has gone from a single-asset firm to a gold, nickel and copper producer, by taking advantage of the…
TSX dips, Sept. 12–16
Canada’s benchmark index weakened, ahead of the U.S. Federal Reserve’s policy-setting meeting, coupled by lower oil prices and negative developments in the banking sector. The S&P/TSX Composite Index retreated 0.6%…
Major Drilling sees Q1 revenue drop 18% year-over-year
VANCOUVER — Major Drilling Group International (TSX: MDI; US-OTC: MJDLF) saw its quarterly revenue drop 18% year-over-year to $69 million in a financial report released in early September, representing the first…