On Dec. 11, 2015, the U.S. Securities and Exchange Commission (SEC) re-proposed rules requiring that resource extraction issuers disclose payments made to the U.S. federal government or foreign governments for commercially developing oil,…
VANCOUVER — After 16 months of deliberation, B.C.’s chief mine inspector has concluded that Imperial Metals (TSX: III; US-OTC: IPMLF) will not be held liable for the catastrophic failure of its Mount Polley gold and copper tailings…
The S&P/TSX Venture Composite Index finished the year with a late rally owing to rising energy and base metal futures, as it gained 4.7%, or 23.62 points, en route to a 525.66-point close.
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual…
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….
VANCOUVER — It’s been a busy 12 months for Almaden Minerals (TSX: AMM; NYSE-MKT: AAU), and it wrapped up the year with an option agreement for mill infrastructure that will drop development capital requirements at its Ixtaca…
The S&P/TSX Venture Composite Index sits near the lowest point in its history, despite posting marginal gains during trading, as it jumped 3.83 points, en route to a 502.04-point weekly close. In global economic news, China’s…
The U.S. Commerce Department reported gross domestic product grew at a 2% annual pace in the third quarter, while U.S. home resales for the month of November posted their steepest decline in five years. Prices for Brent crude for February…
The Toronto stock market ended in positive territory, with the S&P/TSX Composite Index gaining 0.5% to close at 13,082.86. The S&P/TSX Global Mining Index climbed 4.5% to 43.70, while the S&P/TSX Capped Diversified Metals &…
The mining community came together on Dec. 16 to support local families in need during the 11th Annual Toy Drive in Vancouver.
Phew, was 2015 a tough year for miners! As we look back and tie a bow around the fourth year of the downturn in commodity prices and the mining sector, we see an industry in defensive mode, spending more time and energy reacting to harsh,…
VANCOUVER — When the “geological complexity” of their orebodies forced Rubicon Minerals’ (TSX: RMX; NYSE-MKT: RBY) to suspend development production at its Phoenix gold mine in Red Lake, Ont., and Goldcorp (TSX: G; NYSE:…
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