Intrepid closes West facility amid weak potash prices
Intrepid Potash (NYSE: IPI) is temporarily shutting its largest potash mine amid weak fundamentals, after swinging into a loss in the first quarter. On May 9, the company posted an…
Articles by Salma Tarikh
Drilling pays off for Richmont at Island Gold
Richmont Mines (TSX: RIC; NYSE-MKT: RIC) shares got a boost after exploration drilling confirmed the Island Gold mine near Wawa, Ont., continues to grow in size. The 77.7 sq. km property…
Wall Street slips, May 2–6
U.S. indexes continued in negative territory amid lower oil prices and a weak jobs report. The Dow Jones Industrial Average slipped nearly 0.2% to 17,740.63, while the S&P 500 Index…
TSX ends in the red, May 2–6
The Toronto stock market declined during the first week of May on the back of lower commodity prices and weak economic data. Statistics Canada reported the economy lost 2,100 jobs…
Endeavour posts mixed Q1
Endeavour Mining (TSX: EDV) eked out a small profit in the first quarter as it increased gold production and lowered all-in sustaining costs, but missed analysts’ expectations. Net earnings for the…
Panoro derisks Antilla in Peru
Shares in Panoro Minerals (TSXV: PML) rose 9% after company sketched out the economics of its Antilla project in a preliminary economic assessment (PEA). The Antilla copper-molybdenum porphyry deposit sits…
Wall Street declines, April 25–29
U.S. stocks fell as oil and gold prices rose higher. The Dow Jones Industrial Average and the S&P 500 Index both fell 1.3% to 17,773.64 and 2,065.30. The Nasdaq Composite…
Argonaut boosts San Agustin’s economics
Argonaut Gold (TSX: AR) shares gained 11% after an updated preliminary economic assessment (PEA) on the San Agustin gold-silver project in Mexico cut initial cost estimates 36% and improved returns. The…
Barrick posts Q1 loss
Barrick Gold (TSX: ABX; NYSE: ABX) swung into the red in the first quarter on the back of declining production due to asset sales in the second half of 2015…
Teck’s Q1 profit beats expectations
Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…
TSX climbs, April 18–22
Canada’s benchmark index enjoyed another weekly gain, rising 236.8 points, or 1.7%, to close at 13,874 points, on the back of higher oil prices and encouraging economic data. The S&P/TSX…
Pure Gold sees low costs at Madsen
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has outlined a low-cost development scenario at its Madsen gold project in Ontario’s Red Lake camp, with analysts raising their price targets. A recent…