News

Miners drag down TSX, May 26-30

It was a tough week for the Toronto Stock Exchange. The S&P/TSX Composite Index dropped 103.94 points, or 0.71%, to end the trading week at 14,604.16, while the S&P/TSX Capped Diversified Metals & Mining Index fell 33.82 points, or…


An aerial view of KWG Resources' mining camp at the Big Daddy project, located in the McFaulds Lake area, in the Ring of Fire. Credit: KWG Resources

Editorial: Ring of Fire funding – A Wynne-win?

In a rare turn, mining has emerged as an issue in a provincial election campaign in Ontario: the ruling Liberal party is promising to unilaterally pump up to $1 billion into infrastructure development in the remote Ring of Fire chromite camp in…



A view of Rio Tinto's Simandou iron ore project in Guinea. Credit: Rio Tinto

Rio Tinto’s US$20B iron ore mine plan in Guinea

VANCOUVER — A decade after mega-miner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) was awarded the world-class Simandou iron-ore concessions in Guinea, West Africa, it looks like the stage has been set for what would be the largest…


A drill site at Uranium Energy's Oviedo uranium project in Paraguay. Credit: Uranium Energy

Commentary: How low can uranium prices go?

Investors in uranium stocks are a weary bunch at this point. And despite a number of factors hinting at a recovery in uranium oxide prices, they continue along a downward trajectory.



Centerra threatens to shut down Kumtor

Centerra Gold (TSX: CG) said that it would start shutting down its Kumtor gold operation in Kyrgyzstan if it doesn’t receive approval for its 2014 mine plan and related operating permits by June 13.


Skyharbour scores with 100% acquisition of Way Lake

During the fourteen years Rick Kusmirski worked at JNR Resources, the former Cameco Corp. (TSX: CCO; NYSE: CCJ) geologist headed exploration teams that discovered two significant uranium deposits in Saskatchewan’s eastern Athabasca Basin: the…



Barrick’s Arturo project gets go ahead from BLM

It took nearly five years, but the Bureau of Land Management has issued a positive record of decision (ROD) on the final environmental impact statement (EIS) allowing Barrick Gold (TSX: ABX; NYSE: ABX) to restart and expand a past-producing…


TSX Venture bounces back, May 20-23

The S&P/TSX Venture Composite Index recovered from a four-month low during the shortened trading period, gaining 1.2%, or 11.40 points, en route to a 987.95-point weekly close. Markets were bolstered by strong quarterly earnings from the…


A helicopter at Balmoral Resources' Martiniere gold property in Quebec's Abitibi region. Credit: Balmoral Resources

Balmoral shares surge on Bug Lake results

Shares of Balmoral Resources (TSX: BAR; US-OTC: BALMF) surged 21% to $1.04, with 4.6 million shares trading hands after the junior reported an intercept of 1,138 grams gold per tonne over 4.9 metres, including 9,710 grams gold over 0.57 metre…


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