2016


A mining truck at Teck's Coal Mountain project in southeastern British Columbia. Credit: Teck Resources.

Teck’s Q1 profit beats expectations

Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…




TSX climbs, April 18–22

Canada’s benchmark index enjoyed another weekly gain, rising 236.8 points, or 1.7%, to close at 13,874 points, on the back of higher oil prices and encouraging economic data. The S&P/TSX…




Inside the processing facilities at Pure Gold's Madsen project in Ontario’s Red Lake camp. Photo by Matthew Keevil.

Pure Gold sees low costs at Madsen

Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has outlined a low-cost development scenario at its Madsen gold project in Ontario’s Red Lake camp, with analysts raising their price targets. A recent…




Cameco Rabbit Lake uranium mine in northern Saskatchewan. Credit: Cameco.

Cameco cuts 585 jobs at Rabbit Lake, US mines

Cameco (TSX: CCO; NYSE: CCJ) is suspending uranium production at its Rabbit Lake mine in northern Saskatchewan and its two in-situ recovery (ISR) operations in the U.S. in response to…


Victoria Gold president and CEO John McConnell at the Dublin Gulch project. Photo by Northern Miner staff.

Thomas Kaplan fund invests in Victoria Gold

Billionaire Thomas Kaplan has a thing for the Yukon. His Electrum Strategic Opportunities Fund L.P., a mining-focused private equity fund that is one of the investment arms of his privately…


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