VANCOUVER — On Jan. 20 copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) released its production and capital expenditure guidance for 2015, and the results don’t have analysts at BMO Capital Markets particularly enthusiastic….
First Nickel (TSX: FNI; US-OTC: FNKLF) is cutting 109 jobs at its Lockerby nickel-copper mine in Ontario’s Sudbury basin, as part of a restructuring plan to lower costs, resume exploration and extend the mine’s life.
The S&P/TSX Venture Composite struggled under the weight of multi-year low crude oil prices during the trading period, as it lost 2.9%, or 19.9 points, en route to a 667.31-point weekly close. Bloomberg data indicates that U.S.-based…
Banks Island Gold’s (TSXV: BOZ) Yellow Giant gold-silver project is the latest mine to achieve commercial production in northwestern B.C.
VANCOUVER — U.S.-based gold and silver producer Coeur Mining (TSX: CDM; NYSE: CDE) is wading into the acquisition pool for the second time in as many months with an all-cash deal for Goldcorp’s (TSX: G; NYSE: GG) Wharf heap-leach…
Argonaut Gold (TSX: AR; US-OTC: ARNGF) bought the San Agustin project, 10 km west of its producing El Castillo open-pit mine in Durango, Mexico, for $75 million in cash and shares in December 2013, and a recent preliminary economic assessment…
Oil prices were down for a seventh straight week, dipping below US$50 per barrel, while Statistics Canada reported job losses for the second month in a row. The unemployment rate in December remained unchanged at 6.6%, with full-time employment…
Amec Foster Wheeler to work on expanding Copler
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…
One factor that helped the global mining industry weather the 2008–09 recession better than many other heavy industries was China’s rising presence in metals and minerals markets, both as a ravenous consumer of raw materials and a…
We mark the passing of legendary Bay Street mining entrepreneur J. Pat Sheridan on Jan. 10 in Toronto at age 81.
The S&P/TSX Venture Composite Index lost ground during the trading sessions, as it dropped 2.8%, or 19.6 points, en route to a 687.21-point weekly close. On the economic front, the U.S. Federal Reserve stated it expects the drop in oil…
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