Mercator Minerals (ML-T) had a difficult year in 2012, but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8-million writedown on its El Creston molybdenum-copper project in Mexico’s Sonora…
Rubicon Minerals (RMX-T, RBY-X) is applauding the Ontario Court of Appeal’s move to reverse a lower court’s 2011 decision in the Keewatin case that said the provincial government could not approve resource development in the…
The shift from “quantity to returns” has led to numerous headaches for miners, causing project delays, hefty writedowns and CEO departures, while companies tackle escalating costs that have caught up with the rising commodity…
VANCOUVER — A day after announcing record earnings in 2012, Endeavour Silver (EXK-N) inked a deal to sell bonus concentrate from its overachieving Bolanitos silver-gold mine to local Mexican smelters, in a move that positions the producer…
Toronto’s resource-heavy index retreated during the week, with concerns running rampant over Cyprus’ financial state. The S&P/TSX Composite Index fell 0.6%, or 73 points, to 12,757.35, as the Cypriot government struggled to…
The S&P/TSX Venture Composite Index avoided a week in the red, with a positive showing on March 22 limiting a 10.8-point, or 0.97% loss, en route to a 1,106.35 weekly close.
U.S. markets were recovering at press time after a sluggish period. Troubled Cyprus alarmed investors, with the week ending on fears that contagion would ensue if the country wasn’t bailed out by the European Union.
VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…
VANCOUVER — With the US$5.1-billion hostile takeover of Toronto-based Inmet Mining (IMN-T) by larger-cap peer First Quantum Minerals (FM-T) looking all but wrapped up, it’s an opportune time to take a look at the shifting…
VANCOUVER — In the end, predictions of a bidding war for Inmet Mining (IMN-T) ended up as much ado about nothing. Instead, the lack of rival bids for a company with three operating mines and a huge, undeveloped copper project in Panama…
Spot pricesCourtesy of ScotiabankTuesday, March 26, 2013Precious MetalsPrice…
Late March saw the Canadian government table its budget, the theme of which proved to be “steady as she goes” — both in the broad sense, and for the mining industry specifically.
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