TSX moves sideways as commodities falter, Apr. 15-19
Despite a historic fall in the gold price and weakness in commodities, the TSX Composite Index managed to claw its way to a 4 point gain, finishing the April 15-19 period at 12,065.55 points.
2013
Tough times for U.S. equities, Apr. 15-19
U.S. stocks kicked off the Apr. 15-19 trading week on Monday by posting their worst day since Nov. 7, 2012 (the day after the U.S. presidential election) with the Boston bombings, lower-than-expected Chinese GDP growth in the first three months…
Costs climb, commissioning delayed at Legacy potash mine
VANCOUVER – News of a 26% capital cost increase and six-month start-up delay at the Legacy potash mine in Saskatchewan drove owner K+S AG’s share price to a five-month low, but the German company remains confident the project offers…
San Gold aims to become cash positive in late 2013
San Gold (SGR-T) is striving to improve its performance while battling unfavourable market conditions and declining gold prices by re-focusing on profitability rather than on growth like many of its peers and seniors these days.
Barrick investors stage revolt against $11.9M bonus
VANCOUVER – In the last year Barrick Gold (ABX-T, ABX-N) has announced a multibillion-dollar overrun at its flagship development project in Chile, taken a $3.8-billion charge on a highly-criticized acquisition, changed its chief executive…
Goldrock nears construction decision with positive Lindero feasibility study
VANCOUVER – With a new name, a revamped management team, and now a feasibility study for its flagship Lindero gold project in Argentina, Goldrock Mines (GRM-V) is striding towards its goal of becoming a gold producer.
Hefty price tag for Avalon’s Nechalacho
It may be the first feasibility level study completed on a major heavy rare earth project outside of China, but the $1.58 billion price tag of Avalon Rare Metals’ (AVL-T, AVL-X) flagship Nechalacho project in the Northwest Territories has…
UEX, Areva boost uranium resources at Shea Creek
UEX (UEX-T) has bumped up resources at its 49%-held Shea Creek uranium project in the Athabasca basin of northern Saskatchewan, now the largest undeveloped uranium resource in the much coveted basin, demoting Cameco’s (CCO-T,…
Dissident shareholder takes on Selwyn Resources
Souring markets and commodity prices are making it tough on just about everyone in the mining industry and proxy fights are becoming just another part of the landscape.
DRC bans export of cobalt and copper concentrate
The Democratic Republic of Congo (DRC) is grabbing headlines again in a way that many investors would prefer that it didn’t.
Letter to the editor: Junior gold stocks still the place to be
I read with interest Peter Besler’s article on making money on junior resource stocks (T.N.M., March 25-31/13); however I do not think his methodology applies at the present time.
Hudbay continues to build on Manitoba legacy
VANCOUVER — Canadian base metal producer Hudbay Minerals (HBM-T) laid a foundation for success on the Flin Flon greenstone belt in northern Manitoba roughly 85 years ago. During that time the company has developed 26 mines in the region…