Williams’ Red Cloud on the horizon
A few years ago when Chad Williams was CEO of Victoria Gold (VIT-V), the company was looking to acquire a particular advanced project. The board, however, was split on what to do.
Volume 98 Number 38 Nov 5 - 11, 2012
Commentary: The uses and abuses of temporary foreignworkers in BC
The following is an open letter from Mark Olsen, president of the Bargaining Council of B.C. Building Trade Unions, to Canadian Prime Minister Stephen Harper and B.C. Premier Cristy Clark.
Market news
Toronto Stock Exchange
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 30, 2012Precious MetalsPrice…
Inmet, Petaquilla’s tug-of-war continues
In what’s become an increasingly frosty relationship, Canadian-based companies Inmet Mining (IMN-T) and Petaquilla Minerals (PTQ-T) continue to squabble over a takeover bid that would see the larger Inmet absorb Petaquilla, which runs the…
Hana’s Banana on the block
Hana Mining (HMG-V) may be recouping some recent losses for its shareholders thanks to, well, one of its shareholders.
Gold Canyon gains ounces, loses grade at Springpole
Gold Canyon Resources (GCU-V) boosted total ounces in its latest resource update, but it did so at the cost of grade.
Agnico-Eagle’s Meadowbank, Kittila see improvements
Agnico-Eagle Mines (AEM-T, AEM-N) has bulked up its full-year production guidance following a solid third quarter, where both the Meadowbank and Kittila gold mines reported record quarterly output and improved costs.
Teck wobbles in third quarter
Teck Resources (TCK-T, TCK-N) produced a record 99,000 tonnes of copper in the third quarter, up 29% year-on-year, but lower commodity prices and sale volumes for its steelmaking coal sent the miner’s adjusted net earnings down to $349…
Editorial: Anglo CEO presses ‘eject’ button
Late October was notable for the sudden and unexpected resignation of Cynthia Carroll as CEO of London-based mega-miner Anglo American, widely seen as a giving in to strong shareholder pressure to step down. It brings to an end this particular…
Queensland lifts ban on uranium mining
It has taken 23 years, but the state government of Queensland has finally overturned a ban on uranium mining. The prohibition on uranium processing and waste storage, however, remains in place.
Frontier Rare Earths inks new deal with Kores
A little under a year ago, South Korean government-owned mining and natural resources investment company Korea Resources Corp. (Kores) signed a deal with Frontier Rare Earths (FRO-T) to take a 10% interest and get the rights to an equal…