Teck seeks more cuts despite ‘cost reduction fatigue’
Teck Resources’ (TSX: TCK.B; NYSE: TCK) chief financial officer Ron Millos said the company intends to lower debt and improve operating costs, despite the fact that it is getting harder…
Copper
Upside ‘very much alive’ at Kwanika in BC, Serengeti says
VANCOUVER — The latest drill results from Serengeti Resources’ (TSXV: SIR) Kwanika copper-gold project, 250 km east of Smithers, may have triggered a 35% drop in the company’s share price,…
OceanaGold, B2Gold scramble as Philippines gov’t may suspend 20 more mines
VANCOUVER — The sociopolitical situation in the Philippines is volatile for miners in the wake of a national mining audit by President Rodrigo Duterte’s newly elected administration. On Sept. 27, Environment…
The geology behind Quebec’s world-class metal districts
For more than a few Quebecers, walking amongst some of the earth’s oldest rocks is an everyday occurrence. Almost 90% of the bedrock in the province belongs to the Canadian…
TSX gains on US Federal Reserve decision, Sept. 19-23
The U.S. Federal Reserve’s decision to hold interest rates steady sent Canada’s benchmark index up 1.7% to 14,697.93 and the gold price up 2.1% to US$1,337.10 per ounce. The S&P/TSX…
Falco eyes high-tech mining at Horne 5 in Rouyn-Noranda
VANCOUVER — Falco Resources (TSXV: FPC; US-OTC: FPRGF) says new mining technology and methods could boost efficiency at its large Horne 5 gold-silver-copper-zinc deposit in Rouyn-Noranda, Quebec. The $905-million operation would…
RNC focuses on free cash generation
RNC Minerals (TSX: RNX; US-OTC: RNKLF) — formerly Royal Nickel Corp. — has gone from a single-asset firm to a gold, nickel and copper producer, by taking advantage of the…
TSX dips, Sept. 12–16
Canada’s benchmark index weakened, ahead of the U.S. Federal Reserve’s policy-setting meeting, coupled by lower oil prices and negative developments in the banking sector. The S&P/TSX Composite Index retreated 0.6%…
Major Drilling sees Q1 revenue drop 18% year-over-year
VANCOUVER — Major Drilling Group International (TSX: MDI; US-OTC: MJDLF) saw its quarterly revenue drop 18% year-over-year to $69 million in a financial report released in early September, representing the first…
Eurasian finds success in US
David Cole, president and CEO of Eurasian Minerals (TSX: EMX; NYSE-MKT: EMXX), took some time during a visit to Toronto to chat with The Northern Miner about the company’s business…
Altius reaps benefits of contrarian investing
VANCOUVER — When it comes to the project generator business model, it’s tough to find a more successful example than Altius Minerals (TSX: ALS; US-OTC: ATUSF). The company has seen substantial…
The geology behind Ontario’s world class metal districts
VANCOUVER — Ontario has a long and lively geological past dating back 3.3 billion years, when the Earth was covered by oceans. During that time, intense volcanism formed the Earth’s…