The geology behind Ontario’s world class metal districts
VANCOUVER — Ontario has a long and lively geological past dating back 3.3 billion years, when the Earth was covered by oceans. During that time, intense volcanism formed the Earth’s…
Nickel
The geology underlying the quest for minerals on Canada’s East Coast
VANCOUVER — The geology of eastern Canada largely owes itself to a series of events that began 480 million years ago, when the Iapetus Ocean (analogous to today’s Atlantic Ocean) closed…
Lundin Mining discovery to extend Eagle mine life
VANCOUVER — Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) high-grade Eagle East nickel-copper discovery is on track to extend the life of its Eagle mine in western Marquette County of Michigan’s Upper Peninsula. The company…
TSX climbs, June 27–30
Canadian equities finished in positive territory ahead of the Canada Day long weekend, helped by positive economic data and higher commodity prices. Statistics Canada reported the economy grew 0.1% in…
Balmoral takes aim at Bug Lake
VANCOUVER — Balmoral Resources (TSX: BAR; US-OTC: BALMF) is gearing up for a busy field season at its 61.7 sq. km Martiniere gold property in Quebec’s portion of the Abitibi greenstone…
Northern Shield, South32 team up
VANCOUVER — A commitment to ore mineralogy is paying off for junior Northern Shield Resources (TSXV: NRN) at its greenfield Huckleberry copper-nickel discovery in the southern Labrador Trough. On June 7,…
Canadian mining sector improves in early 2016
The Canadian mining sector got a much-needed boost in the first three months of 2016 thanks to higher gold and base metal prices, according to a new EY report. EY’s…
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
Royal Nickel to become a cash-generating producer
Royal Nickel Corp. (TSX: RNX), also known as RNC, is taking advantage of the low commodity prices to transform into a multi-asset producer of nickel, gold and copper.
TSX ends mixed, Feb. 1-5
Toronto’s S&P/TSX Composite Index slipped 0.5% to 12,763.99 after a poor jobs report, while oil prices dropped and gold prices rebounded. The S&P/TSX Global Mining Index rose 9.4% to 45.25, while the S&P/TSX Capped Diversified…
Sherritt hit by low nickel prices at Ambatovy
Sherritt International (TSX: S) is bracing for a $1.6-billion non-cash impairment at its Ambatovy nickel-cobalt mine in Madagascar due to lower nickel prices, months after it cancelled its quarterly dividend for 2015 and 2016 to reduce…
Industry performance will remain under pressure in 2016, Moody’s says
After a “material compression” of industry earnings in 2015, Moody’s Investors Service forecasts that the earnings contraction will continue this year.