A severe 36% year-on-year drop in prices for seaborne iron ore during the third quarter torpedoed earnings for Cliffs Natural Resources (CLF-N). The iron ore and metallurgical coal producer’s consolidated revenues fell 26% to US$1.5…
Barrick Gold (ABX-T, ABX-N) has unveiled another disappointing quarter, where it continues to wrestle rising costs, project delays and shrinking profits, prompting investors that expected a better third quarter to drive down the stock.
With its latest quarterly earnings Cameco (CCO-T, CCJ-N) proved that operational deftness isn’t always enough, as global factors took their toll on its bottom line.
Since NovaCopper (NCQ-T, NCQ-X) started drilling the South Reef Zone on its Bornite concession in northwestern Alaska this year, sixteen of the nineteen holes returned high-grade copper — a success rate of 84%.
Exploration drilling over the summer at Seabridge Gold’s (SEA-T, SA-N) Courageous Lake project in Canada’s Northwest Territories uncovered a new gold occurrence about 10 km south of the 6.5 million ounces of proven and probable gold…
In a letter to the Tel Aviv Stock Exchange, Israel Corporation, the parent company of Israel Chemical, said Potash Corporation of Saskatchewan (POT-T, POT-N) has held talks with the Israeli Government about raising its stake in the…
In a frank discussion with Diamonds in Canada in late September, the cofounder and now chairman of Franco-Nevada (FNV-T, FNV-N) and ex-Newmont Mining (NMC-T, NEM-N) CEO explains why he believes…
Stornoway Diamond (SWY-T) delivered the good news in mid-October that it had received the mining lease for its Renard diamond project, in Quebec. The final permit required, the certificate of authorization,…
In the space of just a few months, both BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) announced they were reviewing their diamond businesses. BHP, the 80% owner of…
Pierre Lassonde built his remarkably successful career on gold, as cofounder and chairman of gold royalty powerhouse Franco-Nevada, a former CEO of Newmont Mining, a past chairman of the World…
“I don’t ever believe in using the word try,” says William Lamb, the current driving force behind Lucara Diamond (LUC-T). “If you try, you are setting yourself up for failure….
Shear Diamonds (SRM-V) suspended production from stockpiles at its Jericho diamond mine, in Nunavut, in early September. The company, led by president and CEO Julie Lassonde, had been hoping to…
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