Teck’s Q1 profit beats expectations
Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…
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TSX Venture hits nine-month high, April 18-22
The S&P/TSX Venture Composite Index broke a nine-month high over the trading period, gaining 22.34 points, or 3.5%, to a 656.18-point close, lifted by optimism over demand for industrial metals…
Eldorado to sell Jinfeng to China National Gold
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO) is the largest foreign gold producer in China, with three of the company’s six producing mines operating in the country. But that…
TSX climbs, April 18–22
Canada’s benchmark index enjoyed another weekly gain, rising 236.8 points, or 1.7%, to close at 13,874 points, on the back of higher oil prices and encouraging economic data. The S&P/TSX…
Nevsun trumps Lundin bid for Reservoir
VANCOUVER — There had been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions arena, and on April 24,…
US markets inch higher, April 18-22
It was a relatively quiet week on the U.S. economic front. The Dow Jones Industrial Average finished at 18,003.75, a 0.6% gain, while the S&P 500 Index advanced 0.5% to…
Pure Gold sees low costs at Madsen
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has outlined a low-cost development scenario at its Madsen gold project in Ontario’s Red Lake camp, with analysts raising their price targets. A recent…
The Northern Miner podcast – episode 9: The Far North (and far out) edition
Lesley and Matt dig into the Far North feature with discussion on Seabridge Gold (TSX: SEA; NYSE: SA) and Colorado Resources’ (TSXV: CXO) recent moves in British Columbia’s Golden Triangle….
Newmont has profitable Q1, updates Batu Hijau’s status
VANCOUVER — Newmont Mining (NYSE: NEM) has tabled a first quarter highlighted by adjusted earnings of US34¢ per share and free cash flow of US$227 million. First-quarter earnings came in at US$182…
Cameco cuts 585 jobs at Rabbit Lake, US mines
Cameco (TSX: CCO; NYSE: CCJ) is suspending uranium production at its Rabbit Lake mine in northern Saskatchewan and its two in-situ recovery (ISR) operations in the U.S. in response to…
Thomas Kaplan fund invests in Victoria Gold
Billionaire Thomas Kaplan has a thing for the Yukon. His Electrum Strategic Opportunities Fund L.P., a mining-focused private equity fund that is one of the investment arms of his privately…
SnipGold’s Iskut project attracts Seabridge
Seabridge Gold (TSX: SEA; NYSE: SA) plans to enhance its exploration potential in northwestern B.C.’s Golden Triangle by tucking in junior explorer SnipGold (TSXV: SGG) and its Iskut property, 110…