VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
The Canadian Association of Petroleum Producers is forecasting that output from Alberta’s oilsands will reach 4.8 million barrels per day (bpd) by 2030, which is 400,000 bpd lower than its forecast last year, due largely to project costs…
In November 2013, Total E&P Canada submitted applications to the relevant regulatory agencies in Alberta to increase the mine pit size and boost production capacity to 157,000 barrels a day at its Joslyn North mine project, 65 km northwest…
U.S. equities ended the holiday-shortened trading week in positive territory.
The S&P/TSX Venture Composite Index spent much of the week in the red before closing down 4 points at 983.99. Markets were hit by declining commodity futures, while Statistics Canada reported that the nation’s gross domestic product…
Poor economic conditions in world uranium markets are forcing many uranium companies to postpone projects or scale back operations.
Investors in uranium stocks are a weary bunch at this point. And despite a number of factors hinting at a recovery in uranium oxide prices, they continue along a downward trajectory.
In a rare turn, mining has emerged as an issue in a provincial election campaign in Ontario: the ruling Liberal party is promising to unilaterally pump up to $1 billion into infrastructure development in the remote Ring of Fire chromite camp in…
VANCOUVER — Proxy battles were a hot topic roughly two years ago, and now producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is the latest to be targeted by dissident shareholders looking to remake the company’s board of directors. On…
During the fourteen years Rick Kusmirski worked at JNR Resources, the former Cameco Corp. (TSX: CCO; NYSE: CCJ) geologist headed exploration teams that discovered two significant uranium deposits in Saskatchewan’s eastern Athabasca Basin: the…
The S&P/TSX Venture Composite Index recovered from a four-month low during the shortened trading period, gaining 1.2%, or 11.40 points, en route to a 987.95-point weekly close. Markets were bolstered by strong quarterly earnings from the…
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