Metals commentary: Worldsteel predicts slow growth ahead
The following is an edited report from the Brussels-based World Steel Assosciation entitled Short Range Outlook for 2015 and 2016. For more information, please visit www.worldsteel.org
News
Teck posts lower Q1 earnings, slashes dividend
Teck Resources (TSX: TCK.B; NYSE:TCK) cut its semiannual dividend and posted lower-than-expected first-quarter earnings, as the slump in commodity prices continued.
Foran finds promising results at the Hanson Lake camp
Foran Mining (TSXV: FOM; US-OTC: FMCXF) has wrapped up the first round of drilling this year on two deposits near its flagship McIlvenna Bay project in Saskatchewan’s Hanson Lake camp, to see if it could delineate more resources near the…
Editorial: What would Google do?
Innovation has become a hot topic in the mining industry once again. A report on the current state of innovation, by the Prospectors & Developers Association of Canada (PDAC) and Monitor Deloitte, is due out in the next few weeks. In April…
Mega Precious hits regional targets at Monument Bay
VANCOUVER — Explorer Mega Precious Metals (TSXV: MGP) is sitting on a multi-million ounce gold-tungsten deposit at its Monument Bay project, and it sees a lot more upside across the 338 sq. km property, 340 km southeast of Thompson, Man….
U.S. stocks hit ‘wall of worry’, April 13-17
After two weeks of gains, the Dow Jones Industrial Average and S&P 500 Index ended moderately lower due to concerns about Greece’s debt negotiations, mixed U.S. corporate earnings and warnings by regulators in China about excessive…
TSX Venture finishes in the green, April 13-17
The S&P/TSX Venture Composite Index rallied during the trading sessions, gaining 3.97 points en route to a 702.85-point weekly close. Statistics Canada reported that the consumer price index gained 0.4% last month, after a 0.2% jump in…
Cameco’s Gitzel: Indian supply deal a ‘foot in the door’
VANCOUVER — Canada and India heralded a new era of economic cooperation on April 15 when the countries announced a uranium trade agreement wherein Canadian producer Cameco (TSX: CCO; NYSE: CCJ) will fuel growing Indian power needs over…
Peregrine Diamonds teams up with old Africa hands in Botswana
In its first meaningful venture in diamond exploration outside of North America, Peregrine Diamonds (TSX: PGD) expects to drill kimberlite targets in Botswana before year-end, thanks to the wisdom of three exploration geologists whose previous…
New Armenian legislation is a plus for Lydian
Lydian International (TSX: LYD; US-OTC: LYDIF) says new mine ramp gradients will help it save up to $100 million in operating costs, and trim total cash costs to US$600 per oz. from US$642 per oz. at its Amulsar gold project in southern Armenia.
Hudbay picks up QMX Gold’s Snow Lake mine
The opportunity to acquire the past-producing Snow Lake gold mine and mill in Manitoba from financially strapped QMX Gold (TSXV: QMX) emerged a couple of months ago, Hudbay Minerals (TSX: HBM; NYSE: HBM) has confirmed, but says “there is…
BC Minister Bill Bennett encourages explorers to be optimistic at KEG 2015
KAMLOOPS, B.C. — Speaking at this year’s Kamloops Exploration Group (KEG) conference in Kamloops, B.C., the province’s Minister of Energy and Mines Bill Bennett encouraged junior explorers to keep their chin up.