TSX dips as oil drops, Oct. 24-28
The S&P/TSX Composite Index lost ground over the week, retreating 1.3% to 14,785.29, as the price of oil weakened. The S&P/TSX Global Mining Index stayed relatively flat at 63.46, while…
Financial Matters, M&A
Corex gets vote of confidence from Alamos
Corex Gold (TSXV: CGE) has finalized a strategic investment from Alamos Gold (TSX: AGI; NYSE: AGI). Corex’s flagship wholly owned Santana gold property sits 50 km southeast of Alamos’ Mulatos…
Teck to buy out Rox at Teena deposit in Australia
After optioning the Reward project from Rox Resources in 2011, and discovering the Teena zinc deposit on the concession in 2013, Teck Resources (TSX: TCK.B; NYSE: TCK) has struck a…
Productivity, cost concerns weigh on Chile’s miners
Productivity concerns, high costs and unmet landowner expectations are some of the problems foreign mining companies face in Chile — a country responsible for a third of the world’s copper…
Commentary: How a board should craft executive pay in a rebounding market
Determining executive compensation can be tough enough for a mining company to get right in a normal year, but unique challenges arise as the mining sector begins a rebound. Executives…
Canada’s territories on diverging GDP paths: Conference Board of Canada
It’s tough enough to have an economy dependent on commodity cycles, but doubly so in the small economies of Canada’s three territories, where the opening or closing of a single…
New Gold redesigns tailings facility, raises capex
With tailings dam disasters at Imperial Metals’ Mount Polley mine in B.C., and the Samarco mine jointly owned by BHP Billiton and Vale in Brazil, the integrity of tailings management…
PotashCorp, Agrium in merger talks amid weak fertilizer markets
VANCOUVER — Fertilizer giants Potash Corporation of Saskatchewan (TSX: POT; NYSE: POT) and Agrium (TSX: AGU; NYSE: AGU) are reportedly contemplating a potentially game-changing merger. On Aug. 30, the companies confirmed…
Gowest Gold advances Bradshaw deposit in Timmins
Gowest Gold (TSXV: GWA) is stepping closer to developing the next gold mine in Ontario’s Timmins gold camp, within the Abitibi greenstone belt. The belt has produced more than 172…
BHP tables US$6.4B loss in worst-ever year
VANCOUVER — BHP Billiton (NYSE: BHP) has posted the worst annual financial results since its inception in 2001, but CEO Andrew Mackenzie now says the “free fall” has likely passed for…
Excellon swings back into profit as costs fall
Excellon Resources (TSX: EXN) is back in the black, after more than two years of losses. The operator of the high-grade Platosa silver-lead-zinc mine in Mexico reported a second-quarter adjusted…
Tahoe’s Q2 earnings beat expectations
Tahoe Resources (TSX: THO; NYSE: TAHO) shares rose nearly 6% on the back of solid second-quarter earnings, leaving investors and analysts cheering. The Reno, Nev.-based producer with operations in Guatemala,…