Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 14 May 11 May 10 May 9 May 8 US$ in C 1.0019 0.9968 1.0017 1.0015 0.9997 …
News
Suncor’s diversity overpowers lower Canadian crude prices
Canadian oilsands juggernaut Suncor Energy (SU-T, SU-N) beat analysts’ estimates and strengthened its cash position during the first quarter, as the company’s strategic integration of refining facilities offset a price divide…
Canadian Natural advances Horizon
Canadian Natural Resources(CNQ-T) has big plans for its Horizon oilsands project, located north of Fort McMurray, Alta., in the Athabasca region.
Syncrude keeps on rolling
The Syncrude mine may not have been the first major oil operation in the Athabasca oilsands, but it was the second — and now it stands as one of the region’s dominant oilsand projects.
Southern Pacific’s McKay: On time and under budget
While project costs are soaring for many companies in the natural resources sector, Southern Pacific Resource (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.
Goldcorp’s output down on Red Lake setback
Vancouver-based major Goldcorp (G-T, GG-N) stumbled out of– the gate to start the year, as adverse ground conditions and grade variability at its flagship Red Lake gold mine in Red Lake, Ont., contributed to an 18% year-on-year fall in…
Glass Earth advances in New Zealand
Work on the ground has not been quite as smooth as its name implies, but Glass Earth Gold (GEL-V) looks to have several New Zealand gold projects under control and moving forward.
Alacer ups 2012 production target
Alacer Gold (ASR-T) has bulked up its 2012 production guidance by up to 410,000 attributable oz. gold following higher grades at its Copler gold mine in Turkey, despite reporting a weak first quarter.
Miranda looks for a winning ticket
This year marks Miranda Gold’s (MAD-V) most active drill season to date, with partners spending between $5 million and $7 million to test at least seven of the company’s nine joint-venture projects.
BC pipeline debates rage on
The scale of the West Coast pipelines debate is hard to play down. Current and former politicians from all government levels have come out swinging for and against: lobbyists, First Nations and non-government groups have fully entered the fray,…
Osisko faces delays, output revision at Malartic
Osisko Mining (OSK-T) had a rough start as it kicked off its first full year at the Malartic gold operation near Val-d’Or, Que., with operational setbacks impacting first-quarter performance, coupled with the mill’s temporary…
Seafield shores up Miraflores
Seafield Resources (SFF-V) gave the market something to chew on after releasing a preliminary economic assessment on its Miraflores project in Colombia.