Industry performance will remain under pressure in 2016, Moody’s says
After a “material compression” of industry earnings in 2015, Moody’s Investors Service forecasts that the earnings contraction will continue this year.
Volume 101 Number 48 Jan 11 - 17, 2016
US stocks stay afloat, Dec. 23-31
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual…
Top gold performers in 2015
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….
Commentary: SEC re-proposes rules for resource sector under Dodd-Frank
On Dec. 11, 2015, the U.S. Securities and Exchange Commission (SEC) re-proposed rules requiring that resource extraction issuers disclose payments made to the U.S. federal government or foreign governments for commercially developing oil,…
Worry over Chinese demand is overdone, Aussie analyst says
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…
Banro lands US$98.8M
A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.
Pretium explores porphyry potential at Brucejack
VANCOUVER — Warwick Board, chief geologist at Pretium Resources (TSX: PVG; NYSE: PVG), says excitement is building for exploration at the company’s Brucejack project in northwestern B.C., as his team zeroes in on discoveries…
Imperial judged ‘not liable’ for Mount Polley spill
VANCOUVER — After 16 months of deliberation, B.C.’s chief mine inspector has concluded that Imperial Metals (TSX: III; US-OTC: IPMLF) will not be held liable for the catastrophic failure of its Mount Polley gold and copper tailings…
TSX Venture finishes 2015 in the green, Dec. 23-31
The S&P/TSX Venture Composite Index finished the year with a late rally owing to rising energy and base metal futures, as it gained 4.7%, or 23.62 points, en route to a 525.66-point close.
TSX finishes lower, Dec. 23-31
Sliding commodity prices and worries about slowing global growth sent the resource-heavy Toronto stock market down 11% to end 2015 at 13,000.95 — its worst performance since the financial crisis of 2008. Spot gold finished 2015 at…
Editorial: The new year starts with a lurch
Those returning to work on Jan. 4 with a bit of optimism for the mining industry after a brutal 2015 were hit with a sick feeling in the stomach as global markets dove on the first day of trading in the new year, in defiance of the usual…