US markets move higher, March 7-11
The Dow Jones Industrial Average and the S&P 500 Index hit new highs for 2016 on the back of steady oil price gains (U.S. crude settled at US$38.50 per barrel…
United States
TSX Venture rallies to six month high, Feb. 29-March 4
The S&P/TSX Venture Composite Index broke a six-month high, jumping 4%, or 24.33 points, to a 562.39-point close, on the back of surging commodity prices. Spot gold rallied 2.9% to…
Letter to the editor: In-situ copper leaching is a proven technology
It was recently reported in the Financial Post that in-situ leaching of copper is an “unproven technology”. But after personally spending five years working at the in-situ copper leaching operation…
Space mining ready for lift off
Mining and space exploration seem like two fields that couldn’t be further apart. Miners plunge deep into the earth’s crust, while space explorers seek to propel humankind in the opposite…
Taseko’s proxy battle with Raging River heats up
VANCOUVER — Taseko Mines (TSX: TKO; NYSE-MKT: TGB) is in the midst of a proxy battle with upstart activist shareholder group Raging River Capital, which has led to a flurry of…
US stocks soar, Feb. 15-19
The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…
Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
Excelsior updates Gunnison prefeasibility
A staged production approach at Excelsior Mining’s (TSXV: MIN; US-OTC: EXMGF) Gunnison copper project in southeastern Arizona would slash upfront capital costs and lower financing risk, while delivering a post-tax internal rate of return…
Strong greenback hits US producers
Noranda Aluminum Holding Corp.’s (US-OTC: NORN) Chapter 11 filing this week underscores the challenges facing the industry south of the border.
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
Mines Management president ‘elated’ with Montanore approval
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in…
Western Lithium: a producer in the making?
VANCOUVER — Management of Western Lithium (TSX: WLC; US-OTC: WLCDF) finds itself in a fortuitous position following the recent surge of interest in the global lithium industry. The company negotiated a merger with South American…