Premier Leads Geraldton’s Hardrock Revival
SITE VISIT GERALDTON, ONT. — The bright, cold winter light of a January morning intensifies the stark look of the snow-swept streets of Geraldton, Ont. Built on the back of…
Canada
Commentary: What You’re Owed If You Get Laid Off
A tough economy usually translates into employee layoffs and dismissals as employers tighten their belts to survive the leaner times. Employees have to face this harsh reality, but they should also kn…
Terrane Bites The Bullet And Delays Mt. Milligan
SITE VISIT SMITHERS, B. C. — As Robert Pease, the president and CEO of Terrane Metals (TRX-V, TRXOF-O), would later describe it, the timing of the site visit to the…
Marathon PGM Takes The Long View
SITE VISIT MARATHON, ONT. — In the 40 years that Marathon PGM (MAR-T, MRPGF-O) president and CEO Phillip Walford has been in the mining and exploration business, he’s never seen…
Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Barrick Buys Out Teck At Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (TCK. B-T, TCK-N) is unloading its half stake in the Hemlo gold assets in northwestern Ontario on its joint-venture partner, Bar…
Capstone Upgrades Kutcho Resource
VANCOUVER — Every little increase in grade helps at current copper prices.
Yamana Makes Headway In Mexico, Brazil
It was just four months ago that Yamana Gold (YRI-T, AUY-N) was trading in Toronto at the very bottom of its 52-week price range of $4.29-19.79 per share.
Shore Gold Looks Beyond Current Diamond Demand Collapse
SASKATOON, SASK. — As with all other commodities, diamonds had a rough year in 2008. All sectors of the diamond pipeline have adjusted, and will continue to adjust to the current economic climate.
Apollo Pays Hefty Price For Black Fox Funds
Apollo Gold (APG-T, AGT-X) now has the money it needs to push ahead with the construction of its Black Fox gold mine near Timmins, Ont., but at what cost?
Meliadine Gets Scoping Study Go-Ahead
VANCOUVER — After 20 years of work in Canada’s North, Comaplex Minerals (CMF-T, CXMLF-O) has a positive scoping study in hand for a combined open-pit/underground operation at its Meliadine gold proje…
Editorial: De Beers’ US$500M Bailout
The seventh trading week of 2009 closed out with news of profound cash-flow problems at the iconic diamond miner De Beers, underscoring the global collapse in demand for luxury goods such as diamonds.