Canada

TSX Venture in the red, Jan. 12-16

The S&P/TSX Venture Composite struggled under the weight of multi-year low crude oil prices during the trading period, as it lost 2.9%, or 19.9 points, en route to a 667.31-point weekly close. Bloomberg data indicates that U.S.-based…



The head frame at First Nickel's Lockerby nickel-copper mine in Sudbury, Ontario. Credit: First Nickel

First Nickel slashes jobs at Lockerby mine

First Nickel (TSX: FNI; US-OTC: FNKLF) is cutting 109 jobs at its Lockerby nickel-copper mine in Ontario’s Sudbury basin, as part of a restructuring plan to lower costs, resume exploration and extend the mine’s life. 


A core storage area at Falco Resources' past-producing Horne gold project in northwestern Quebec. Credit: Falco Resources

Is Osisko Gold charting a new course for Falco?

Falco Resources (TSXV: FPC) is the only junior to control the last of the large Abitibi mining camps not owned by a major gold producer and Osisko Gold Royalties (TSX: OR; US-OTC: OKSKF) is a key partner and shareholder, owning just over 11% of…



A haul truck at Detour Gold's Detour Lake gold mine in Ontario, 185 km northeast of Cochrane.  Photo by Trish Saywell.

Detour gains 7% after achieving 2014 guidance

Detour Gold (TSX: DGC; US-OTC: DRGDF) has started the year off on the right foot. It shares rose 7% after it reported hitting its 2014 operating targets and provided a conservative guidance for 2015.



The mill building at Imperial Metals' Red Chris copper-gold project near Prince George, B.C. Credit: Imperial Metals

Imperial Metals raises $50M

Imperial Metals (TSX: III; US-OTC: IPMLF) may be nursing a black eye from the August tailings dam failure at its Mount Polley mine in central B.C., but the company says it’s pleased with its cleanup efforts so far, and that it is also…


Trucks at Capstone Mining's Pinto Valley copper mine in Arizona, 125 km east of Phoenix. Credit: Capstone Mining

Capstone’s 2015 outlook ‘disappointing,’ BMO says

VANCOUVER — On Jan. 20 copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) released its production and capital expenditure guidance for 2015, and the results don’t have analysts at BMO Capital Markets particularly enthusiastic….




Credit: Goldcorp

Goldcorp gets in the Christmas spirit

General manager of Goldcorp’s Musselwhite gold mine, Bill Gascon (Santa costume), and his team spread holiday cheer in December 2014 to the five remote Northern Ontario First Nations communities of Cat Lake, North Caribou, Wunnumin,…


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