Taseko’s proxy battle with Raging River heats up
VANCOUVER — Taseko Mines (TSX: TKO; NYSE-MKT: TGB) is in the midst of a proxy battle with upstart activist shareholder group Raging River Capital, which has led to a flurry of…
Copper
US stocks soar, Feb. 15-19
The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…
Excelsior updates Gunnison prefeasibility
A staged production approach at Excelsior Mining’s (TSXV: MIN; US-OTC: EXMGF) Gunnison copper project in southeastern Arizona would slash upfront capital costs and lower financing risk, while delivering a post-tax internal rate of return…
Strong greenback hits US producers
Noranda Aluminum Holding Corp.’s (US-OTC: NORN) Chapter 11 filing this week underscores the challenges facing the industry south of the border.
Thornton’s Barrick looks leaner
Barrick Gold (TSX: ABX; NYSE: ABX) is benefitting from going back to the basics, under the direction of chair John Thornton.
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Mines Management president ‘elated’ with Montanore approval
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in…
First Quantum’s US$5B debt creates ‘material uncertainty’
VANCOUVER — It’s a sign of the times that analysts tend to pay more attention to balance sheet health than production metrics during quarterly report season, and First Quantum Minerals (TSX: FM; LON: FQM) did little to…
Cutifani strives for ‘new’ Anglo American after tough 2015
In a video message to shareholders, Anglo American (US-OTC: AAUK; LSE: AAL) CEO Mark Cutifani said the company will dispose of an additional US$3-$4 billion in assets this year after posting a net loss of US$5.5 billion in 2015.
Capstone outlines strategy to combat low copper price
VANCOUVER — Management at Capstone Mining (TSX: CS) acknowledged some of the questions surrounding its balance sheet during a mid-February conference call scheduled to discuss its financial performance last year. The spectre of…
US stocks slide, Feb. 8-12
U.S. equities rallied on Feb. 12, ending five days of losses in the S&P 500 Index, but not enough to post a weekly gain. The S&P 500 lost 0.8% to finish at 1,864.78. The Dow Jones Industrial Average fell 1.4% to 15,973.84 and the…
Franco CEO touts ‘opportunity-rich’ market after Glencore deal
VANCOUVER — Franco-Nevada (TSX: FNV; NYSE: FNV) will pay US$500 million for a gold-silver stream from Glencore’s (LSE: GLNE) large Antapaccay copper mine in Peru’s Cusco region.