Mosaic suspends Colonsay potash mine
Mosaic (NYSE: MOS) is temporarily shutting one of its three Saskatchewan potash operations, amid declining global demand and prices for potash. The major fertilizer producer will close the Colonsay potash mine…
United States
Wall Street rises, July 5-8
U.S. equities drove higher for a second week as investors recovered from post-Brexit jitters. The Dow Jones Industrial Average advanced 197.37 points, or 1.1%, to 18,146.74 points, and the S&P…
Lundin Mining discovery to extend Eagle mine life
VANCOUVER — Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) high-grade Eagle East nickel-copper discovery is on track to extend the life of its Eagle mine in western Marquette County of Michigan’s Upper Peninsula. The company…
TSX climbs, June 27–30
Canadian equities finished in positive territory ahead of the Canada Day long weekend, helped by positive economic data and higher commodity prices. Statistics Canada reported the economy grew 0.1% in…
Pershing pens positive economics at Relief Canyon
Pershing Gold (NASDAQ: PGLC) has published a positive preliminary economic assessment (PEA) on the past-producing Relief Canyon heap-leach gold mine near Reno, Nev., showing it could produce 88,500 oz. gold annually…
Adamera CEO touts stronger capital markets for gold juniors
VANCOUVER — Adamera Minerals’ (TSXV: ADZ; US-OTC: DDNFF) president and CEO Mark Kolebaba tells a story about his junior gold company over the past two years that is familiar to many…
Wall Street tumbles on Brexit, June 20–24
U.S. equities sank after Britain’s surprise decision to leave the European Union. The main U.S. indices all lost more than 3% on June 24, erasing year-to-date gains for the S&P…
TSX Venture holds steady, June 13-17
The S&P/TSX Venture Composite Index closed relatively unchanged at 715.36 points. Spot gold nearly broke two-year highs, rising 1.9%, or US$24.41, to a US$1,298.65 per oz. close, as the U.S….
Explorers need to rethink their deposits, John Kaiser says
VANCOUVER — John Kaiser, newsletter writer of Kaiser Research Online, spoke at this year’s Vancouver Commodity Forum — hosted by Zimtu Capital in downtown Vancouver in June — and shared…
Ur-Energy trims workforce, annual output
Ur-Energy (TSX: URE; NYSE-MKT: URG) has cut both its workforce and annual production guidance, amid the depressed uranium prices. Ur-Energy recently announced that it has eliminated 12 employees, or 15% of…
Pure Energy’s Robinson surveys the world’s lithium deposits
VANCOUVER —While the burgeoning lithium market has sent companies scrambling to secure and advance lithium projects across the globe, anyone new to the scene may be left wondering what the…
CNSC greenlights McClean Lake mill expansion
The Canadian Nuclear Safety Commission (CNSC) has approved the expansion of the McClean Lake mill — operated by Areva Resources in northern Saskatchewan — allowing Cameco (TSX: CCO; NYSE: CCJ)…