First Cobalt picks up assets in Canada, DRC
Since joining First Cobalt (TSXV: FCC) in March, president and CEO Trent Mell has wasted little time getting down to work — unveiling two large property transactions, raising $6 million…
First Quantum Minerals Ltd
Copper needs more investment, analyst says
AllianceBernstein, a global investment management firm with an independent sell-side research arm, is calling for greater investment in copper to build enough capacity to meet demand. “At a conservative estimate,…
Base metal and bulk commodity forecasts improve heading into 2017
VANCOUVER — It’s been a tough run the past few years for people involved with base metals and industrial commodities. Recessions among leading global economies combined with oversupply concerns to…
TSX returns to a bull market, May 30–June 3
The S&P/TSX Composite Index rose nearly 0.9% to close at 14,226.78, up 20% from its Jan. 20 low, and marking a return to a bull market. The S&P/TSX Global Mining…
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…
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…
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…
Copper miners will ‘struggle for survival’, Canaccord says
VANCOUVER — It’s now a “survival of the fittest” story for copper miners, according to Canaccord Genuity analyst Peter Bures, and commodity markets might not offer much relief for at least two years. Over the past 12…
TSX hit by low commodity prices, Nov. 6-12
Canada’s benchmark index posted a triple-digit loss on the back of lower crude and metal prices. The S&P/TSX Composite Index fell 3%, or 431.6 points to 13,127.18 — its lowest level in over six weeks. The S&P/TSX Capped…
Diamond explorers flock to Botswana
Botswana is the world’s largest diamond producer by value and home to the incredibly rich and long-lived Tier 1 Orapa and Jwaneng mines, both owned by Debswana, a 50/50 joint…
Higher oil and gold lift TSX, Oct. 2-8
Stocks gained ground as higher oil prices lifted the energy-heavy Toronto Stock Exchange, while the prospects of an interest rate increase in the U.S. receded further into the background. Brent crude futures posted four straight closes above…
First Mining searches for the ‘sweet spot’
Newly listed First Mining Finance (TSXV: FF; US-OTC: FFMGF) is on a mission to secure quality assets at cheap prices.