Editorial: Seeing to the flow-through
Late March saw the Canadian government table its budget, the theme of which proved to be “steady as she goes” — both in the broad sense, and for the mining industry specifically.
2013
Commentary: Will reason prevail over emotion in Quebec?
After the forum on mining royalties organized by the Quebec government and held in Montreal on March 15, apprehension clearly remains the order of the day.
Avanti encounters Nisga’a opposition at Kitsault
VANCOUVER — Just two weeks after announcing a permit milestone at its Kitsault molybdenum project, 140 km northeast of Prince Rupert, B.C., Vancouver-based junior Avanti Mining (AVT-V) has run into opposition from the Nisga’a Nation.
Toronto Stock Exchange, March 18-22
Toronto’s resource-heavy index retreated during the week, with concerns running rampant over Cyprus’ financial state. The S&P/TSX Composite Index fell 0.6%, or 73 points, to 12,757.35, as the Cypriot government struggled to…
TSX Venture Exchange, March 18-22
The S&P/TSX Venture Composite Index avoided a week in the red, with a positive showing on March 22 limiting a 10.8-point, or 0.97% loss, en route to a 1,106.35 weekly close.
Labrador Iron Mines to get $30M from Tata subsidiary
Labrador Iron Mines (LIM-T) is expecting to receive $30 million from a subsidiary of India’s Tata Steel, as part of an alliance it recently entered to create cost synergies in the Labrador Trough region, where the two companies operate…
U3O8 snapping up Calypso
VANCOUVER — U3O8 (UWE-T) is adding cash to its coffers and new properties to its Argentine portfolio through an all-share friendly deal to acquire Calypso Uranium (CLP-V).
Argonaut’s commitment to cost control drives success
VANCOUVER — As many gold producers are plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year gold…
Century Iron Mines lays out two mine plans
VANCOUVER – Century Iron Mines (FER-T) has a portfolio full of projects, a fair pile of cash, backing from not one but two Chinese partners, and a plan to become a mid-sized iron ore producer within the next few years.
Aurizon gets Casa Berardi back up and running
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Nevsun Resources and its heaps of cash
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
TSX Venture takes a step back, March 18-22
VANCOUVER — The S&P TSX Venture Composite Index managed to avoid a week in the red, with a positive showing on Friday limiting a 10.8 point or 0.97% loss en route to a 1,106.35 weekly close.