Cameco puts Cigar Lake on ice
VANCOUVER — Cameco (TSX: CCO; NYSE: CCJ) has suspended mining at its Cigar Lake uranium mine in Saskatchewan so that the high-grade orebody can freeze — a necessary step in mining the waterlogged deposit.
Canada
Barrick CEO Sokalsky stepping down
Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing its CEO role and naming two executives as…
Commentary: Grassy Narrows decision burdens provinces
The Grassy Narrows decision from the Supreme Court of Canada on July 11 places a heavy legal burden on provincial governments when they seek to exploit Indigenous lands covered by the historical treaties of Canada. The challenge now is for…
Aboriginal title ruling reignites fights over resources in BC
VANCOUVER — In the two weeks after the Supreme Court of Canada’s landmark granting of aboriginal title over a broad swath of land in central B.C. to the Tsilhqot’in Nation, several new court cases and a re-energized battle…
US stocks drop, July 7-11
The S&P 500 Index dropped 18 points to 1,967.57, marking its worst week since April, as European economic uncertainty continued. The Dow Jones Industrial Average fell 124 points to 16,943.81, while the Nasdaq Composite Index gave back 70…
TSX Venture takes a step back, July 7-11
The S&P/TSX Venture Composite Index lost 1.4%, or 14.83 points, during the trading sessions before closing the week at 1,022.93 points. Markets were hit by falling energy futures and a report from Statistics Canada that indicated the…
Commentary: What does Aboriginal title mean for mining in BC?
The recent decision of the Supreme Court of Canada in Tsilhqot’in v. B.C. has received a great deal of attention and has caused people to ask some important questions. Nowhere has this been more so than in the mining sector. We will…
Tsilhqot’in decision fuels uncertainty in Ontario
The Supreme Court of Canada’s Tsilhqot’in decision will have a ripple effect across Canada and could deter resource investment in the country, according to Neal Smitheman, a partner at law firm Fasken Martineau.
Nova Scotia fracking study urges caution
Nova Scotia’s deputy chief medical officer Frank Atherton is recommending that the provincial government take a cautious approach to hydraulic fracturing, or fracking, and argues in a new discussion paper that the relevant authorities…
Dundee initiates coverage of Athabasca Minerals
Production at Athabasca Minerals’ (TSXV: ABM; US-OTC: ABCAF) Firebag silica sand project in northern Alberta could ramp up in late 2016 and early 2017 — perfect timing to capitalize on growing frac sand demand in North…
Primero gets to work on Black Fox underground
VANCOUVER — After snapping up Brigus Gold and its Black Fox mine for $220 million in late 2013, Primero Mining (TSX: P; NYSE: PPP) pledged it would turn operations around and realize the project’s dormant underground potential….
Fipke sells Ekati stakes to Dominion
VANCOUVER — More than two decades after his prospecting efforts kicked off a diamond rush in Canada’s Northwest Territories, Chuck Fipke is cashing in his chips.