Those returning to work on Jan. 4 with a bit of optimism for the mining industry after a brutal 2015 were hit with a sick feeling in the stomach as global markets dove on the first day of trading in the new year, in defiance of the usual…
After a “material compression” of industry earnings in 2015, Moody’s Investors Service forecasts that the earnings contraction will continue this year.
Sliding commodity prices and worries about slowing global growth sent the resource-heavy Toronto stock market down 11% to end 2015 at 13,000.95 — its worst performance since the financial crisis of 2008. Spot gold finished 2015 at…
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…
A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.
VANCOUVER — Warwick Board, chief geologist at Pretium Resources (TSX: PVG; NYSE: PVG), says excitement is building for exploration at the company’s Brucejack project in northwestern B.C., as his team zeroes in on discoveries…
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….
The long-term outlook for the diamond market is positive — with demand expected to outpace supply starting in 2019 — but in the short-term, the outlook remains challenging, the Antwerp World Diamond Centre and Bain & Co. state…
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