Jaguar calls off search for suitor
After a long ordeal Jaguar Mining (JAG-T, JAG-N) hasn’t been able to close a deal for the company and is dissolving its special committee of directors charged with examining possible takeovers.
2012
Canadian Natural advances Horizon
Canadian Natural Resources (CNQ-T) has big plans for its Horizon oilsands project, located north of Fort McMurray, Alta., in the Athabasca region.
Southern Pacific’s McKay: On time and under budget
While project costs are escalating for many companies in the oil sands, Southern Pacific Resources (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.
Thompson Creek to raise $412M for Mt. Milligan funding gap
VANCOUVER — Thompson Creek Metals (TCM-T, TC-N) has set out to raise about $412 million in two separate financings to plug a funding shortfall at its under-construction Mt. Milligan mine in British Columbia.
Updated: Anti-mining protest fizzles at Fortuna’s San Jose mine
VANCOUVER — After boldly promising to indefinitely shut down Fortuna Silver Mines’ (FVI-T, FSM-N) San Jose mine in Mexico’s Oaxaca state, a group of between 80 and 120 protesters showed up at the mine site on Monday and were…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will have to be suspended, Baja Mining (BAJ-T, BAJFF-O) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in…
Miranda looks for a winning ticket
This year marks Miranda Gold’s (MAD-V) most active drill season to date, with partners spending between $5 million and $7 million to test at least seven of the company’s nine joint-venture projects.
Suncor’s diversity over-powers lower Canadian crude prices
VANCOUVER — Canadian oil-sands juggernaut Suncor Energy (SU-T, SU-N) beat analyst’s estimates and strengthened its cash position during the first quarter, as the company’s strategic integration of refining facilities off-set a…
Commentary: Time for Canadian miners to import U.S. outreach tactics
There has been a significant paradigm shift in public activism in Canada and a growing hostility toward mining and dogmatic opposition by environmentalists and social action groups toward virtually all mining and energy projects. This new…
Torex hits open-pit resource target at Morelos
VANCOUVER — Toronto-based Torex Gold (TXG-T) is navigating the often tricky waters that mark the transition between being an exploration outfit and a mine developer. With an updated resource estimate to kick-off May, and a bankable…
Canadian market slumps as global outlook sours
Volatility continued to reign supreme as investors had to weather another down period in Toronto as troubles south of the border and across the Atlantic took centre stage. Rattled investors sent the TSX Composite Index down 332 points to…
Venture returns to negative territory in April 30 – May 4 period
VANCOUVER — The S&P TSX Venture Composite Index slipped back to negative territory in the April 30 – May 4 period, ending down 7.71 points at 1,405.05 after three days of losses outweighed two days of gains. Volume for the…