Daily News

BHP plans spinoff to focus on 'four pillars'

With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is  driving to simplify its portfolio.
Aug 20, 2014 12:00AM


Tax dispute adds doubt to Oyu Tolgoi's UG expansion

Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South...
Aug 20, 2014 12:00AM


TSX up slightly, Aug. 11-15

The S&P/TSX Composite Index rose 0.71% to 15,304.24 while the S&P/TSX Capped Metals & Mining Index fell 2.06% to 885.07. The S&P/TSX Global Gold Index climbed 0.36% to 204.05 and the spot price for gold lost US$4.60 per oz., to...
Aug 20, 2014 12:00AM


Mabilo drilling delivers strong results for RTG Mining

Drill results from RTG Mining’s (TSX: RTG) flagship Mabilo gold–copper project in the Philippines sent the company’s shares up 2.78% to $1.11 per share on Aug. 13, and another 24.32% to $1.38 on Aug. 14.
Aug 20, 2014 12:00AM


US stocks climb, Aug. 11-15

It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.
Aug 20, 2014 12:00AM


TSX Venture finishes in the red, Aug. 11-15

The S&P/TSX Venture Composite dropped 1.57 points en route to a 995.90-point weekly close. Markets continue to monitor the Russia–Ukraine crisis even as the eurozone economies released underwhelming economic data. Commodity futures...
Aug 20, 2014 12:00AM


OceanaGold to optimize Didipio mine plan

OceanaGold’s (TSX: OGC; ASX: OGC) Didipio gold–copper mine  in the Philippines entered production in April 2013 and is on track this year to produce between 85,000 and 95,000 oz. gold and 21,000 to 24,000 tonnes copper, at...
Aug 20, 2014 12:00AM


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.
Aug 20, 2014 12:00AM


SouthGobi's direction murky after Hong Kong deal

VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.
Aug 20, 2014 12:00AM


Bre-X film gains traction in Hollywood

The producer/director of an upcoming major motion picture based on the Bre-X Minerals fraud is in the final stages of financing and confirms he is in negotiations with an A-list Hollywood actor to play a lead role.
Aug 20, 2014 12:00AM


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