Mercator on life support
Financially troubled producer Mercator Minerals (TSX: ML; US-OTC: MLKKF) has filed for protection from its creditors in Canada and the U.S.
United States
Rare Element sees ‘significant change’ in REE markets
VANCOUVER — It’s been over two years since U.S.-based Rare Element Resources (TSX: RES; NYSE-MKT: REE) released an economic study on its Bear Lodge rare earth minerals property in northeastern Wyoming, and according…
US stocks advance, Aug. 18-22
U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to…
Midway, Barrick boost Spring Valley resource to 5.5M oz. gold
VANCOUVER — Midway Gold (TSX: MDW; NYSE-MKT: MDW) is best known for its pair of development-stage assets in Nevada — namely its Pan and Gold Rock projects in White Pine County — but the company also has a joint…
Ousted Cliffs CEO to receive US$11M payment
Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.
Price tag for Duluth’s Twin Metals nears US$3B
The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint-venture project would cost US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by more than 25%.
Cliffs to buy back shares
A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own…
Stillwater keeps its PGM costs down
Stillwater Mining (TSX: SWC.U; NYSE: SWC) has gone back to the basics and is refocused on its platinum group metals (PGM) assets in Montana, under the direction of its relatively new board, with noticeably good results.
Aquila rises on positive PEA for Back Forty
Shares of Aquila Resources (TSX: AQA; US-OTC: AQARF) rose 15% after the Toronto-based firm published an updated preliminary economic assessment (PEA) for its gold- and zinc-rich Back Forty project in Michigan’s Upper Peninsula.
PotashCorp ups 2014 earnings forecast
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has upped its full-year earnings guidance for the second time this year after a better-than-expected second-quarter profit of US$472 million.
General Moly aims to restart Liberty moly-copper mine in Nevada
VANCOUVER — Molybdenum oxide prices have been on the rise over the past six months — jumping 40% to sit at US$13.40 per lb. at press time — and that’s good news for U.S.-based General Moly (TSX: GMO; NYSE-MKT:…
U.S. markets unsettled, July 21-25
The gold price faltered despite rising geopolitical tension across Europe, and down with it went the Dow Jones Industrial Average, which lost 139.61 points over the week to close at 16,960.57. The S&P 500 fared better, closing almost even…