Macri aims to shake up Argentina
BUENOS AIRES, ARGENTINA — In the two months since taking the helm of Argentina, President Mauricio Macri has moved quickly to reverse the interventionist course that previous Argentine governments had…
South America
Continental Gold improves Buritica’s economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, shows a 10% improvement in total costs and stronger economics for a high-grade underground mine….
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.
Thornton’s Barrick looks leaner
Barrick Gold (TSX: ABX; NYSE: ABX) is benefitting from going back to the basics, under the direction of chair John Thornton.
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Western Lithium: a producer in the making?
VANCOUVER — Management of Western Lithium (TSX: WLC; US-OTC: WLCDF) finds itself in a fortuitous position following the recent surge of interest in the global lithium industry. The company negotiated a merger with South American…
First Quantum’s US$5B debt creates ‘material uncertainty’
VANCOUVER — It’s a sign of the times that analysts tend to pay more attention to balance sheet health than production metrics during quarterly report season, and First Quantum Minerals (TSX: FM; LON: FQM) did little to…
US stocks slide, Feb. 8-12
U.S. equities rallied on Feb. 12, ending five days of losses in the S&P 500 Index, but not enough to post a weekly gain. The S&P 500 lost 0.8% to finish at 1,864.78. The Dow Jones Industrial Average fell 1.4% to 15,973.84 and the…
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
Junior uranium execs pitch rebound in market
VANCOUVER — The CEOs of three North American uranium juniors took to the stage during an open-panel session at the Vancouver Resource Investment Conference in January to discuss the broader uranium market and argue why it is due to…
Franco CEO touts ‘opportunity-rich’ market after Glencore deal
VANCOUVER — Franco-Nevada (TSX: FNV; NYSE: FNV) will pay US$500 million for a gold-silver stream from Glencore’s (LSE: GLNE) large Antapaccay copper mine in Peru’s Cusco region.
Tahoe bids $945M for Lake Shore Gold
Tahoe Resources (TSX: THO; NYSE: TAHO) is set to buy Toronto-based junior producer Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) in a $945-million, all-share bid, with analysts on both sides of the deal approving.