News

TSX climbs, July 21-25

The S&P/TSX Composite Index gained 188.47 points to close the trading week at 15,455.04. The S&P/TSX Capped Diversified Metals & Mining Index advanced 32.39 points to 924.02, while the S&P/TSX Global Gold Index stayed relatively…



A haul truck at Teck Resources' Fording River coal mine in southeastern British Columbia. Credit: Teck Resources

Low coal prices cut into Teck’s profits

VANCOUVER — Teck Resources’ (TSX: TCK.B; NYSE: TCK) second quarter profit fell to $72 million, down more than 70% compared to the same quarter last year because of low metallurgical coal prices.


The camp at Northern Uranium's Northwest Manitoba uranium project.  Credit:  Northern Uranium

Fipke’s Northern Uranium thinks outside the basin

VANCOUVER — Conventional thinking amongst Canadian uranium explorers has been shifting over the past few years, and Northern Uranium (TSXV: UNO; US-OTC: NOURF) is hoping to be the next outfit to make a world-class discovery outside…


U.S. markets unsettled, July 21-25

The gold price faltered despite rising geopolitical tension across Europe, and down with it went the Dow Jones Industrial Average, which lost 139.61 points over the week to close at 16,960.57. The S&P 500 fared better, closing almost even…





Cliffs reports disappointing Q2 ahead of proxy vote

Whether or not a dissident shareholder succeeds in replacing Cliffs’ (NYSE: CLF) CEO at its annual general meeting next week, big changes are likely in store for the iron ore and metallurgical coal miner.


The basal till sampling crew at Kennady Diamonds' Kennady North project in the Northwest Territories. Credit: Kennady Diamonds

Kennady Diamonds expands drill program at Kennady North

Encouraging results from its Kennady North diamond project in the Northwest Territories have Kennady Diamonds (TSXV: KDI) doubling its summer drill program, adding a third drill, and rethinking the potential size of the project.


Kaminak Gold investor Ross Beaty.

Ross Beaty and Zebra Holdings buy into Kaminak

Shares of Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) surged nearly 33% to $1.05 after the company announced that Ross Beaty and Zebra Holdings (the trust of the late Adolf H. Lundin) are to become significant shareholders.


A worker operates a jet-boring machine at Cameco's Cigar Lake uranium mine in Saskatchewan earlier this year. Credit: Cameco

Cameco puts Cigar Lake on ice

VANCOUVER — Cameco (TSX: CCO; NYSE: CCJ) has suspended mining at its Cigar Lake uranium mine in Saskatchewan so that the high-grade orebody can freeze — a necessary step in mining the waterlogged deposit.


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