Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
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Healthy operating cash flow in Q1, Barrick says
Barrick Gold (ABX-T, ABX-N) has reported operating cash flow in the first quarter of 2013 at US$1.1 billion, down from US$1.4 billion in the first quarter of 2012, while net earnings totalled US$847 million, or US85¢ per share, down from…
Editorial: Be there at 7 and bring a six-pack
Do you have a friend who’s so consistently late that you and your buddies always tell him to show up an hour before the real time he’s supposed to be there? Or a friend at parties who always ends up drinking more than he brings, so…
U.S. markets: Wall Street gains on strong jobs data, Apr. 29 – May 3
An exceptional employment report for April helped lift U.S. stocks during the trading week to record highs. The Dow Jones Industrial Average traded above 15,000 for the first time before closing at 14,973.96, up 261 points, or nearly 2% for the…
Cheap coal hits Teck’s bottom line
Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.
PotashCorp’s profits rise on greater potash demand
Potash Corp. of Saskatchewan (POT-T, POT-N) says renewed potash demand has lifted its first-quarter profits to $556 million, or 63¢ per share, up 13% from the same period last year.
TSX makes gains in May, Apr. 29 – May 3
The S&P/TSX Composite Index shrugged off fears that this May would be like the last two and bring about a sell-off. Rather than sliding, the Index headed into the month looking strong, posting a 155-point gain to climb to 12,438.03 for the…
Allana closes in on Ethiopian potash development
VANCOUVER — Toronto-based junior Allana Potash (AAA-T) sees 2013 as a pivotal year for its wholly owned Dallol potash project in Ethiopia’s northeastern Danakil Depression, and since filing its last mining application in late April,…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 7, 2013 Precious MetalsPrice…
Argonaut unveils Veta Madre resource at La Colorada
The La Colorada deposit in Sonora Mexico has come a long way since Jesuit missionaries first staked the ground and mined the Minas Prietas zone in the mid-1700s. From 1860 to 1914 the deposit was mined from underground (production was shut…
TSX Venture stays the course, Apr. 29 – May 3
The S&P/TSX Venture Composite Index had trouble mustering momentum during the trading week despite promising economic news out of Canada and the U.S., as well as a surge in crude oil prices driven by heightened conflict in the Middle East….
Glencore Xstrata promises fiscal discipline
VANCOUVER — It was not always a smooth process and it took a year to gel, but Glencore International has completed its US$29-billion takeover of Xstrata, with the merged company trading as Glencore Xstrata (GLEN-L) and boasting a…