TSX dips, Sept. 12–16
Canada’s benchmark index weakened, ahead of the U.S. Federal Reserve’s policy-setting meeting, coupled by lower oil prices and negative developments in the banking sector. The S&P/TSX Composite Index retreated 0.6%…
Russia and CIS
Eurasian finds success in US
David Cole, president and CEO of Eurasian Minerals (TSX: EMX; NYSE-MKT: EMXX), took some time during a visit to Toronto to chat with The Northern Miner about the company’s business…
TSX reaches new year high, Aug. 8–12
During the second week of August, Canada’s benchmark index touched a 13-month high, contributing to a 0.7% weekly gain to close at 14,747.45. The index has been one of the…
TSX Venture holds steady, June 13-17
The S&P/TSX Venture Composite Index closed relatively unchanged at 715.36 points. Spot gold nearly broke two-year highs, rising 1.9%, or US$24.41, to a US$1,298.65 per oz. close, as the U.S….
TSX edges lower, June 6-10
Canada’s unemployment rate in May fell to 6.9%, its lowest level since July 2015, but the news was tempered by worries about slowing global economic growth and concerns that Britain…
Silver Bear moving swiftly to develop Vertikalny Central
Since the end of last year, shares of Russia-focused Silver Bear Resources (TSX: SBR) have soared from 1.5¢ to 24¢ apiece. “That’s more than a tenfold increase in the last six months…
Nordgold raises its offer for Northquest
VANCOUVER — After increasing its stake in Northquest (TSXV: NQ) to 52.3% late last year, Russian gold miner Nordgold is making a move to acquire the rest of the junior and…
CNSC greenlights McClean Lake mill expansion
The Canadian Nuclear Safety Commission (CNSC) has approved the expansion of the McClean Lake mill — operated by Areva Resources in northern Saskatchewan — allowing Cameco (TSX: CCO; NYSE: CCJ)…
Centerra to appeal environmental fines
Centerra Gold’s (TSX: CG) subsidiary has been fined US$98 million for environmental damages at the Kumtor gold mine, and faces another US$225 million in environmental fines, all of which the…
Centerra CEO touts strong balance sheet, organic growth
VANCOUVER — Centerra Gold (TSX: CG; US-OTC: CAGDF) sits in a relatively enviable position due to a healthy balance sheet and a promising development pipeline, and that’s music to the ears…
Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…