[Update] Brigus turns a corner
Brigus Gold (BRD-T, BRD-X) says it is “just going to keep on improving” to reach a steady annual production rate of 100,000 oz. gold by year end at the Black Fox gold mine in Timmins, Ont.
Canada
Xstrata and JX Nippon commit $35M to B.C. coal project
VANCOUVER — Xstrata’s (XTA-L) coal division is wasting little time in advancing its recently secured coal fields in British Columbia’s Peace River region as it and 25% joint venture partner JX Nippon Oil and Energy launch into a…
Copper Mountain’s Q1 results surpass expectations
An impressive ramp up at the Copper Mountain mine in southern British Columbia and higher than anticipated first-quarter revenue suggest that shares of Copper Mountain Mining (CUM-T) represent an attractive risk-reward trade-off, mining analyst…
Venture slides in May 7 to 11 period
VANCOUVER — The S&P TSX Venture Composite Index dropped 4.2% in the May 7 to 11 period, losing 58.72 points to end at 1,346.33 points after three days of losses outweighed two days of gains. Investor caution is clearly taking hold,…
Moneta Porcupine boosts Golden Highway
Just four months after reporting a 3.1-million-oz. gold resource from three open-pit zones at its flagship Golden Highway project 100 km east of Timmins, Moneta Porcupine Mines (ME-T) is back in the news with drill results from a fourth zone…
Market News
Toronto Stock Exchange
Wallbridge entices PGM miners to Sudbury
Wallbridge Mining (WM-T) is locking up deals with big platinum players in a bid to prove up its projects while minimizing shareholder dilution.
Exchange Rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 7 May 4 May 3 May 2 May 1 US$ in C 0.9953 0.9956 0.9968 0.9891 0.9839 …
Nunavut explorers fired up for 2012
Nunavut has been a tough place for gold companies of late, with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay gold project and Agnico-Eagle Mines (AEM-T, AEM-N) cutting years off its new Meadowbank gold mine in the face of cost overruns.
Commentary: Canadian miners’ ability to attract talent takes hit
The March 2012 federal budget in Canada sent shockwaves through the nation’s resource sectors when it announced the scheduled phase-out of the overseas employment tax credit (OETC) by 2016. Now, Canadian mining and metals companies…
Allana pumps up potash resource at Dallol
Toronto-based explorer Allana Potash (AAA-T) took a step closer to -releasing a bankable feasibility study on its Dallol potash project in Ethiopia when it released an updated resource estimate to kick off May.
Syncrude keeps on rolling
The Syncrude mine may not have been the first major oil operation in the Athabasca Oil Sands, but it was the second and it still stands as one of the region’s dominant oilsand projects.