Canada’s main stock index was in the red during the week of the Prospectors & Developers Association of Canada convention, with the country reporting lower gross domestic product growth in the fourth quarter and a worsening trade…
VANCOUVER — It’s been a delicate balancing act for miners over the past few years trying to return money to shareholders while keeping a consistent growth profile.
Dominion Diamond’s (TSX: DDC; NYSE: DDC) prefeasibility study for the Jay kimberlite pipe deposit shows it could add 11 years to the life of its Ekati diamond mine in the Northwest Territories’ Lac de Gras region.
The market sell-off on Wall Street was one of the worst in more than two years as oil dropped below US$62 a barrel and China reported more weak economic data. The S&P 500 Index fell 3.5% to 2002.33 and the Dow Jones Industrial Average…
Rio Tinto (NYSE: RIO; LSE: RIO) has approved the development of a US$350-million A-21 kimberlite pipe at its 60%-owned Diavik mine, 300 km northeast of Yellowknife.
OPEC’s decision not to cut production sent U.S. oil prices down 10% to US$66.15 per barrel on Nov. 28, the biggest one-day drop in five years. Lower oil prices usally translate to lower inflation rates, crimping investment demand for…
Boding well for its upcoming quarterly financial results, Dominion Diamond’s (TSX: DDC; NYSE: DDC) third-quarter production and sales figures beat market expectations, sending its share price up $1.35, or more than 8%, to $17.73.
VANCOUVER — Natural resource development in Canada can come with unique challenges owing to isolated locales and frigid weather. But the federal government is hoping it can make life a bit easier for miners and other parties involved…
Canada’s main stock index posted its fifth straight weekly decline despite a positive jobs report in the U.S., weighed down by concerns including whether the central government in Beijing would move against pro-democracy protesters in…
The holiday-shortened trading week saw the S&P/TSX Composite Index fall 55.81 points, or 0.4%, to 15,569.92, and the S&P/TSX Capped Diversified Metals & Mining Index drop 2.01 points, or 0.2%, to 877.98. The S&P/TSX Global Gold…
Dominion Diamond (TSX: DDC; NYSE: DDC) says its 80%-held Ekati mine and 40%-held Diavik mine in the Northwest Territories performed “exceptionally well” in the second fiscal quarter of 2015, with rough diamond production and sales…
VANCOUVER — More than two decades after his prospecting efforts kicked off a diamond rush in Canada’s Northwest Territories, Chuck Fipke is cashing in his chips.
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