TSX falls on Cyprus concerns, March 18-22
Toronto’s resource-heavy index retreated during the March 18–22 as concerns over Cyprus’ financial state dominated the week.
News
Silver Wheaton on the hunt following record year
VANCOUVER — A strong fourth quarter capped off another banner year for Vancouver-based streaming outfit Silver Wheaton (SLW-T, SLW-N). On March 21 the company reported record production and financial results during 2012, and…
One man’s talc is another man’s treasure
With large companies shedding assets to trim costs and juniors struggling to pay the bills—not to mention raise money—it’s probably safe to say that listing a new exploration company these days is not for the faint of…
Production keeps climbing for Fortuna
VANCOUVER – Record silver and gold production that beat its own guidance enabled Fortuna Silver Mines (FVI-T) to achieve record revenues in 2012, a feat that leaves the company well positioned to complete a planned expansion at its…
Mercator takes US$120M writedown on El Creston
Mercator Minerals (ML-T) had a difficult year in 2012 but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8 million write-down on its El Creston molybdenum-copper project in Mexico.
Aureus looks to put Liberia on the production map
Liberia is getting close to getting its first modern commercial gold mine.
Iron ore outlooks turn gloomy
VANCOUVER – Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RTP-N, RIO-L) recommendation from Neutral to Sell. The reason? More than 90% of the company’s 2012 earnings came from iron ore, a sector…
Patricia Mohr talks copper
Last month Scotiabank’s Vice President of Economics and Commodity Market Specialist, Patricia Mohr, received the 2012 Metal Bulletin Apex awards for the top gold and overall precious metals price forecasts. Mohr received top honors for her…
A changing landscape for growing copper producers
VANCOUVER — With the US$5.1-billion hostile takeover of Toronto-based Inmet Mining (IMN-T) by large-cap peer First Quantum Minerals (FM-T, FQM-L) looking all but wrapped up, it seems an opportune time to take a look at the shifting…
Tintina grows Black Butte copper count
VANCOUVER – With an upgraded resource estimate for a second deposit at its Black Butte project in Montana now in hand, Tintina Resources (TAU-V) is ready to revamp the project’s recent economic assessment while it awaits permission to…
Fission and Alpha emerge as newest players to watch in Athabasca
The discovery of a high grade boulder field outside the southern boundary of the Athabasca Basin in Saskatchewan is shaping into a significant find for joint venture partners Fission Energy (FIS-V) and Alpha Minerals (AMW-V).
Copper Mountain contemplates secondary crusher
Despite several mill maintenance shutdowns last year and difficulties with variability in ore hardness and fragmentation entering the SAG mill from the operation’s different open-pit locations, Copper Mountain Mining (CUM-T) posted gross…