NovaGold suspends Rock Creek production, short on cash for loan
Vancouver – The share price of NovaGold Resources (NG-T) plunged $1.48 to close at 72¢ after the company annou…
News
Wesdome finds gold under lake
Wesdome Gold Mines (WDO-T) has found some much needed gold in an area that has never been drilled before on its Dub…
Update: Analysts deride HudBay-Lundin merger
Vancouver – Almost across the board, analysts downgraded HudBay Minerals (HBM-T) on its proposed merger with Lundin…
BHP Billiton backs Peregrine Diamonds on Baffin Island
BHP Billiton (BHP-N, BLT-L), the principal owner of Canada’s wildly successful Ekati diamond mine in the Northwest …
Editorial: Teck teeters, Apex falls
Falling commodity prices took deep bites out of another group of zinc miners during the week ended Nov. 15, the 46th trading week of 2008.
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Rare Earths Shortage Looming?
The key metals needed for hybrid cars, flat-screen TVs and energy-efficient lighting could be in short supply in a few years’ time if rare earth element mines aren’t developed outside of China, some i…
TSX VENTURE EXCHANGE – NOVEMBER 11-17
By the last day of the Nov. 11-17 trading session the S&P-TSX Venture Composite Index slid below 800 points and closed at a low not seen since January 2000. The Venture board lost 128.2 points to …
Cost of capital scorching juniors: Cormark report
For investors wondering why their favourite junior mining stocks have plummeted so far below the value they may hold in the ground, a new report from Cormark Securities sheds some light.
Capex spending spree waning
Sales of operating equipment could be cut in half over the next two years as mining companies concentrate on capital preservation, working capital and share buybacks, according to a new report from Ci…