Osisko gets breathing room from creditors
With margins being squeezed by falling metal prices, miners that used debt financing to build projects are feeling the need for some relief.
Volume 99 Number 30 Sep 9 - 15, 2013
Orbite lines up funds for HPA plant
Orbite Aluminae (TSX: ORT; US-OTC: EORBF) says it will complete an equity raise “within the coming weeks” to help finish building and optimizing its high-purity alumina (HPA) plant in Cap-Chat, Que., after a proposed financing was…
Detour Lake gets a jump on commercial production
Earlier-than-expected commercial production at the Detour Lake mine has caught analysts by surprise. Detour Gold (TSX: DGC; US-OTC: DRGDF) reported the milestone at the open-pit gold mine in northern Ontario on Aug. 12, noting that the…
Final HEU shipment a catalyst for uranium industry
The final shipment of highly enriched uranium (HEU) to the U.S. from nuclear disarmament and military stockpiles in Russia under the 1993 Megatons to Megawatts agreement left St. Petersburg on Aug. 21, and analysts believe the end of the…
U.S. Antimony is all-in in Mexico
During the Second World War, Mexico dominated the antimony market, producing more than 30 million lb. per year. But the country lost its edge in subsequent decades, primarily due to inadequate smelting and milling facilities, and…
Commentary: Canada’s first foreign anti-corruption trial – Lessons from R. v. Karigar
Canadian companies have become increasingly aware of potential liability under the Corruption of Foreign Public Officials Act (CFPOA), which makes it an offence to “directly or indirectly give, offer or agree to give or offer an advantage…
TSX Venture Exchange, Aug. 26-30
The S&P/TSX Venture Composite Index lost momentum after two weeks of gains during the trading period, falling 7.25 points en route to a 939.31-point weekly close. Investors kept an eye on news of a potential military intervention in Syria,…
U.S. markets, Aug. 26-30
Concern about a possible U.S. air strike against Syria and anxiety about the timing of the U.S. Federal Reserve’s end to quantitative easing sent U.S. markets down. The Dow Jones Industrial Average fell 1.33% to 14,810.31, the S&P 500…
Toronto Stock Exchange, Aug. 26-30
The S&P/TSX Composite Index fell during the trading week amid concerns that Western countries would intervene militarily in Syria’s civil war. Toronto’s main index plunged 108 points to finish the week at 12,653.90.
Shawn Ryan’s new Yukon vision
DAWSON CITY, YUKON — Shawn Ryan could have retired.
Commentary: Understanding Bill 43
Bill 43 is the third attempt to reform Quebec’s Mining Act in the last five years. The first two bills were tabled by the Liberal government, but were not passed. This latest bill (Bill 43), tabled by the minority Parti…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 3, 2013 Precious MetalsPrice…