State-owned Codelco struggles to maintain output
In October, the wheels started turning on one of the world’s largest conveyor systems. Once in full operation, 14 km of belts will bring 140,000 tonnes of ore a day…
2019
Endeavour Mining and Centamin agree to explore potential merger
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an…
Equinox Gold to buy smaller rival Leagold for $770M
Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3…
Trade war pause brightens copper outlook
U.S. President Donald Trump signed off on a phase-one trade deal with China on Dec. 13 to avert a planned round of tariffs on US$160 billion of consumer goods. The…
Snapshot 2020: Eight companies making waves in the year ahead
The past year was a time of growth and transformation for many mining and exploration companies. Here’s a list of eight companies with milestones to hit next year. Barrick Gold…
US markets rise, Dec. 9-13: Rio Tinto, Newmont Goldcorp
The Dow Jones Industrial Average rose 0.43% to 28,135.38 and the S&P 500 Index gained 0.73% to 3,168.80. Spot gold climbed US$16 per oz. to finish at US$1,475.70 per ounce….
TSX Venture moves higher, Dec. 9-13: Victoria Gold, Metalla Royalty, O3 Mining
The S&P/TSX Venture Composite Index moved 0.50% higher to 540.53, while spot gold finished at US$1,475.70 per oz., up US$16 per ounce (1.10%). Shares of Victoria Gold jumped 51¢ to…
TSX posts marginal gain, Dec. 9-13: Kirkland Lake, Pan American, Centerra
The S&P/TSX Composite Index rose 0.04% to 17,003.10. The S&P/TSX Global Mining Index rose 3.80% to 80.99 and the S&P/TSX Global Base Metals Index gained 4.97% to 109.84. Spot gold…
Commentary: Mining company boards have ‘advantage’ in transition to low-carbon economy
With the mining sector generating 14% of Canada’s greenhouse gas (GHG) emissions, the presence of climate change presents the sector with both opportunities and risks. The transition to a low-carbon…
Commentary: The periodic table and the road to resource nationalism
This year marked the 150th anniversary of the periodic table, which UNESCO has dubbed the International Year of the Periodic Table of Chemical Elements. Developed in 1869 by Dmitri Mendeleev,…
Ontario, Saskatchewan and New Brunswick sign MOU on SMRs
The governments of Ontario, Saskatchewan and New Brunswick have signed a memorandum of understanding (MOU) committing their provinces to the development and deployment of a new type of nuclear technology…
Interview: Rory Johnston of Scotiabank looks to 2020
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank’s economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the…