Site visit: Detour revs up Detour Lake mine
COCHRANE, ONTARIO — Last year Detour Gold’s (TSX: DGC) Detour Lake mine in northeastern Ontario was the second-largest gold producer in Canada. It’s now on track to take the top…
Articles by Salma Tarikh
Wall Street mixed, June 6-10
U.S. stocks were mixed amidst concerns about the global economy. The Dow Jones Industrial Average posted a weekly gain of 0.3% to finish at 17,865.34, while the S&P 500 Index…
Ur-Energy trims workforce, annual output
Ur-Energy (TSX: URE; NYSE-MKT: URG) has cut both its workforce and annual production guidance, amid the depressed uranium prices. Ur-Energy recently announced that it has eliminated 12 employees, or 15% of…
Champion Iron optimistic at Bloom Lake
Champion Iron (TSX: CIA; ASX: CIA) is lowering projected costs at the recently acquired Bloom Lake iron ore mine in the Labrador Trough, as part of a plan to restart…
TSX returns to a bull market, May 30–June 3
The S&P/TSX Composite Index rose nearly 0.9% to close at 14,226.78, up 20% from its Jan. 20 low, and marking a return to a bull market. The S&P/TSX Global Mining…
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)…
US stocks surge, May 23–27
U.S. indexes gained ahead of the Memorial Day weekend, after U.S. Federal Reserve Chair Janet Yellen hinted at a possible interest rate hike in the coming months. The Dow Jones…
Canadian mining sector improves in early 2016
The Canadian mining sector got a much-needed boost in the first three months of 2016 thanks to higher gold and base metal prices, according to a new EY report. EY’s…
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…
TSX climbs, May 16–20
Canada’s benchmark index advanced ahead of the Victoria Day holiday weekend, rising 171 points, or 1.2%, to 13,919.58, as investors took in higher oil prices and the possibility that the…
Trevali lowers costs at Santander mine
Trevali Mining’s (TSX: TV; US-OTC: TREVF) Santander zinc-lead-silver mine in Peru keeps beating expectations, and the company says it’s one of the lowest-cost operating mines in the country’s Central Mineral Belt….
Goldcorp offers $520M for Kaminak
Goldcorp (TSX: G; NYSE: GG) has offered to buy Kaminak Gold (TSXV: KAM) in a $520-million, all-share deal to get its hands on the junior’s high-grade Coffee gold project in…