US markets inch higher, April 18-22
It was a relatively quiet week on the U.S. economic front. The Dow Jones Industrial Average finished at 18,003.75, a 0.6% gain, while the S&P 500 Index advanced 0.5% to…
Diamonds
Peregrine Diamonds on cusp of PEA
Like many junior exploration companies, Peregrine Diamonds (TSX: PGD) has had its share of hard knocks, and its shareholders have had to exercise patience over many years. The company found…
The Northern Miner podcast – episode 7: On gold discoveries and technical difficulties
Lesley Stokes and Matt Keevil overcome long odds and technical challenges courtesy of Windows 10 to deliver another riveting episode on time and on budget. Topics include discussion on a…
Stornoway adds to mine life at Renard
A new mine plan that incorporates revisions to mineral resource estimates completed in 2013 and 2015 adds three additional years of production to Stornoway Diamond Corp.’s (TSX: SWY) Renard project, which will become…
The Northern Miner podcast – episode 5: The long weekend edition
Lesley Stokes and Matt Keevil head into the long weekend with discussions on CanAlaska Uranium‘s (TSXV: CVV; US-OTC: CVVUF) recent moves in the Athabasca Basin, Metanor Resources (TSXV: MTO; US-OTC:…
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.
Optimism remains for investment in Northwest Territories
VANCOUVER — The Northwest Territories, which has led Canada in diamond and tungsten production, became a single-commodity producer in late 2015 after North American Tungsten (CVE: NTC) closed its Cantung Mine, 300 km from Watson Lake,…
Dominion Diamond grapples with activist shareholders
Yellowknife-based Dominion Diamond (TSX: DDC; NYSE: DDC) is the latest Canadian miner to land in the cross hairs of activist shareholders. On Dec. 21, Toronto-based hedge fund K2 & Associates Investment Management emailed a letter…
Euromax sees a bright future for mining in Macedonia
It’s full steam ahead for aspiring miner Euromax Resources (TSXV: EOX) in Macedonia, as the company positions its Ilovica copper-gold porphyry deposit, 15 km west of the border with Bulgaria, to become the European country’s first…
Short-term challenges remain for diamond sector
The long-term outlook for the diamond market is positive — with demand expected to outpace supply starting in 2019 — but in the short-term, the outlook remains challenging, the Antwerp World Diamond Centre and Bain & Co. state…
TSX posts small gains, Dec. 18-22
The Toronto stock market ended in positive territory, with the S&P/TSX Composite Index gaining 0.5% to close at 13,082.86. The S&P/TSX Global Mining Index climbed 4.5% to 43.70, while the S&P/TSX Capped Diversified Metals &…
Editorial: Top stories of 2015
Phew, was 2015 a tough year for miners! As we look back and tie a bow around the fourth year of the downturn in commodity prices and the mining sector, we see an industry in defensive mode, spending more time and energy reacting to harsh,…