TSX posts strong gains, Jan. 19-23
The Bank of Canada’s surprise cut of the overnight interest rate to 0.8% from 1% — the first move on rates since September 2010 — combined with the European Central Bank’s decision the next day to buy €60-billion…
News
Hecla contemplates open-pit revival at San Sebastian
VANCOUVER — U.S. silver outfit Hecla Mining (NYSE: HL) could be on the verge of adding a new asset to its near-term production profile after a 2014 drill program at its San Sebastian property in Durango, Mexico. The company briefly…
Franco’s Harquail: ‘My belief in exploration has been shaken’
VANCOUVER — It’s hard to find a better value-builder over the past decade than Franco-Nevada (TSX: FNV; NYSE: FNV), which essentially pioneered the royalty-stream finance model in its previous incarnation and has seen its share…
TSX Venture returns to positive territory, Jan. 19-23
The S&P/TSX Venture Composite bounced back during the trading period, as it gained 1.6%, or 10.87 points, en route to a 678.18-point close. Miners benefitted from higher gold futures prices, while markets welcomed a wave of stimulus…
Kirwin collection arrives at the ROM
It’s been six years since the first discussions about bringing geologist Douglas Kirwin’s renowned rock collection to the Royal Ontario Museum (ROM) in Toronto, and after a $3.7-million fundraising effort the vast collection has…
Telfer dazzles at Mining Hall of Fame soiree
For those lucky enough to get a seat at this year’s sold-out Canadian Mining Hall of Fame dinner in Toronto on Jan. 15, inductee Ian Telfer did not disappoint. Within moments of taking the stage, donning a pair of gold-hued shoes, the…
Commentary – CPM Group: China key to moly market
The following is a summary of the newly released Molybdenum Market Outlook from New York-based research firm CPM Group. The full study offers in-depth analysis of global molybdenum supply, demand and price trends, including projections for the…
Paladin gets PE from Asia
Like most uranium companies last year, Paladin Energy (TSX: PDN; ASX: PDN) struggled with tough markets and low commodity prices.
U.S. equities march higher, Jan. 20-23
U.S. stocks snapped a three-week losing streak to close the abbreviated trading week higher. The Dow Jones Industrial Average gained 161.03 points, or 0.9%, to finish at 17,672.60, while the S&P 500 Index moved up 32.4 points, or 1.6%, to…
Editorial: Base metal woes in Canada’s north
Base metal mining in Canada took another couple of hard blows in late January, as falling base metals price bit deeper and deeper into operations.
B2Gold eyes 35% production growth in 2015
B2Gold (TSX: BTO; NYSE-MKT: BTG) expects another record production year in 2015, building upon the solid output it had in 2014.
Oil slump spells uncertainty for fracking, frac sand
The decline in oil and gas prices has clouded the outlook for 2015, particularly for oilfield service providers, including pressure pumping firms, which make most of their revenue from fracturing.