Suncor cancels Voyageur upgrader
It’s not just companies mining metals that are tightening their belts and concentrating on capital allocation discipline.
Volume 99 Number 15 May 27 - Jun 2, 2013
Goldcorp’s earnings squeezed
Goldcorp (G-T, GG-N) may have surpassed its long-time rival Barrick Gold (ABX-T, ABX-N) in terms of market capitalization, but that doesn’t mean the company has been insulated from the same bear market that has felled other…
K+S teams up with NGO to help Ugandan farmers
Germany-based fertilizer giant K+S AG (SDF-F) has signed a co-operation agreement with Sasakawa Africa Association in an effort to help farmers in Uganda.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 20, 2013 Precious MetalsPrice…
North American Palladium disappoints, gets punished
North American Palladium (PDL-T, PAL-N) failed to impress with its latest quarterly results, and, given the prevailing bearish sentiment towards mining stocks, the company’s shares felt the full weight of the market’s…
Kaminak drills for more mineralization at Coffee
VANCOUVER — With every drill hole it punches into the ground, Kaminak Gold (KAM-V) is connecting the dots at its Coffee gold project in the Yukon.
Who’s afraid of CNOOC?
The $15.1-billion takeover last year of oilsands producer Nexen by state-owned China National Offshore Oil Co., or CNOOC (CEO-N), tested Canadians’ willingness to allow foreign state-controlled firms full access to the country’s…
Toronto Stock Exchange, May 13-17
The S&P/TSX Composite Index rode an up-and-down period and came out ahead, as it gained 41 points to 12,613.12, largely on sentiment that the U.S. economy is recovering.
U.S. markets, May 13-17
U.S. markets continued their upward march, marking their fourth straight week of gains. The Dow Jones Industrial Average advanced 235.91 points, or 1.56%, to close the week at 15,354.40, while the S&P 500 Index rose 33.77 points, or 2.07%,…
TSX Venture Exchange, May 13-17
The S&P/TSX Venture Composite Index dropped 3.3% — or 32.05 points during the period — with falling precious metal prices and a weaker Canadian dollar weighing on the market. Upbeat signs from the U.S. provided a late boost…
Centerra’s shares jump on unexpectedly strong Q1
VANCOUVER — There are quite a few moving pieces at Toronto-based Centerra Gold’s (CG-T) flagship Kumtor gold mine in Kyrgyzstan. But despite some uncertainty, the company was able to register a strong first quarter that includes…
Juniors like Coro face tough choices
Difficult markets and strained balance sheets are dogging junior mining companies across the industry, forcing them to make some hard decisions about how to manage their assets.