Southern Copper’s 2014 profit hit by lower copper prices
Southern Copper (NYSE: SCCO), controlled by Grupo Mexico, reported weak fourth quarter and full year 2014 earnings, largely due to a 7% drop in copper prices since 2013.
Volume 101 Number 2 Feb 23 - Mar 1, 2015
Contrarian investor Anglo Pacific picks up coal royalty
Anglo Pacific Group (TSX: APY; LSE: APF) is forking over US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (US-OTC: WHITF; ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of…
Hall of Fame welcomes four industry giants
The 27th annual induction ceremony of the Canadian Mining Hall of Fame held at the Fairmont Royal York hotel in mid-January featured three eminent and serially successful geologists from Western and Eastern Canada, plus one of the most astute…
Allied Nevada misses 2014 targets, pursues Hycroft mill funding
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) saw more gold and silver produced and sold in 2014 from its flagship Hycroft mine, near Winnemucca, Nev., but still missed its annual guidance.
S&P 500 closes at record high, Feb. 9-13
A ceasefire between Ukrainian forces and pro-Russian separatists combined with a slight bump in oil prices, apparent progress on a debt deal with Greece and higher-than-expected 0.7% fourth-quarter growth in Germany combined to help push U.S….
TSX Venture manages slight gain, Feb. 9-13
The S&P/TSX Venture Composite Index closed in the green despite a relatively weak trading period for commodity futures, as it jumped 3.07 points en route to a 695.51-point close. According to Statistics Canada, factory sales performed…
Majors fight to maintain dividends
VANCOUVER — It’s been a delicate balancing act for miners over the past few years trying to return money to shareholders while keeping a consistent growth profile.
Timmins Gold bids for Newstrike to secure growth
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is poised to buy Newstrike Capital (TSXV: NES; US-OTC: NWSKF) for its high-grade Ana Paula project, which would become Timmins’ third major gold asset in Mexico.
TSX gains momentum, Feb. 9-13
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
Teck, Pilot think small to boost Halilaga economics
VANCOUVER — Partners Teck Resources (TSX.B: TCK; NYSE: TCK) and Pilot Gold (TSX: PLG; US-OTC: PLGTF) have taken a more modest approach to mine development in revising the 2012 preliminary economic assessment (PEA) for their Halilaga…
Editorial: Gold prices building a base, hopefully
Gold has been one of the leading subsectors of mining in recent months, particularly with the fading prices of stalwarts copper and iron ore.
Facts ‘n’ figures – WGC: Gold market settled down in 2014
The following is an edited excerpt from the World Gold Council’s 2014 Gold Demand Trends full-year report, which can be viewed at www.gold.org.