South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…
Teck Resources
Exploding Costs: An analysis of Galore Creek
The mining industry is fraught with capital cost overruns — a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the…
Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
Teck decision to cancel Frontier rattles investor confidence, critics say
The decision by Teck Resources (TSX: TECK.B; NYSE: TCK) to withdraw its $20 billion Frontier project from the regulatory review process will further reduce investor confidence in Canada’s oil and…
Teck walks away from Frontier oil sands project
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make…
Skeena envisions high-grade open pit at Eskay Creek
Eskay Creek in British Columbia’s Golden Triangle was at one time the world’s highest-grade gold mine before Barrick Gold (TSX: ABX; NYSE: GOLD) finally shut it down in 2008 due…
TSX ends in positive territory, Feb. 18-22: Teck, Torex, Osisko Gold Royalties
The S&P/TSX Composite Index rose 1.10% to finish the trading week at 16,013. The S&P/TSX Global Mining Index increased 3.40% to 75.49, while the S&P/TSX Global Base Metals Index jumped…
Horizonte completes feasibility on Araguaia nickel project in Brazil
Araguaia, one of the largest undeveloped ferro-nickel projects in the world, could produce about 52,000 tonnes of ferronickel a year over a mine life of 28 years, Horizonte Minerals (TSX:…
Newmont buys 50% stake in Galore Creek from NovaGold
Newmont Mining (NYSE: NEM) has acquired NovaGold Resources’ (TSX: NG; NYSE-AM: NG) 50% stake in the Galore Creek copper-gold project in B.C. for staged payments of up to US$275 million….
Barrick takes strategic stake in Midas Gold
In the latest of a series of strategic investments in junior mining companies, Barrick Gold (TSX: ABX; NYSE: ABX) is acquiring a 19.9% stake in Midas Gold (TSX: MAX; US-OTC:…
Connemara completes maiden zinc resource in Ireland
The Republic of Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business —…