Editorial: Layoffs pile up across the industry
The last couple of months have seen deep rounds of layoffs in the mining industry, as companies worldwide struggle to cope with low commodity prices, a resurgent U.S. dollar and thin financings.
Articles by Northern Miner Staff
Shareholder activism is the ‘new normal,’ Kingsdale report says
VANCOUVER — There’s been a rising tide of proxy contest activity in Canadian markets since 2008, and advisory firm Kingsdale Shareholder Services is cautioning companies that higher shareholder activism represents a “new…
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
TSX Venture gains ground, Nov. 23-27
The S&P/TSX Venture Composite Index was on the rise, as it gained 1.36 points en route to a 522.01-point weekly close.
Commentary: Coal’s place in the shifting global energy mix
Given the mining industry’s extended cycle times, companies regularly look for insight relative to long-term commodity demand patterns. One area that may require more concerted focus relates to the shifting global energy mix.
US stock indices post marginal gains, Nov. 20-26
Data released ahead of the U.S. Thanksgiving holiday on Nov. 26 showed that gross domestic product in the U.S. grew 2.1% in the third quarter — not the 1.5% reported in October — while single-family home sales in October rose 10.7%,…
Bob Rae on engagement: ‘Face-to-face really matters’
About US$20-billion worth of projects globally in the industry today are stalled due to poor government or community relations, Gordon Bogden, a geoscientist and director on the boards of several mining companies, told a conference in Toronto…
TSX slips, Nov. 20-26
Canadian equities ended the trading week in the red. The S&P/TSX Composite Index fell 0.4% to 13,425.19. The S&P/TSX Global Mining Index lost 2.2% to finish at 45.12, and the S&P/TSX Capped Diversified Metals & Mining Index…
Site Visit: Trevali nears full production at Caribou
BATHURST, N.B.— Trevali Mining (TSX: TV; US-OTC: TREVF) is nearing commercial production at its past-producing Caribou zinc-lead-silver mine in New Brunswick, ahead of what the company expects will be an uptick in zinc and lead prices,…
Nordgold CEO orchestrates ‘compelling performance’
Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest-cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it.
Fission steps into the ring for proxy fight with retail investor
VANCOUVER — Things might be a little tense at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) annual general meeting (AGM) due to a proxy battle launched by a retail shareholder looking to replace its board of directors. A…
Scorpio Gold finds more gold at Mineral Ridge
Scorpio Gold’s (TSXV: SGN; US-OTC: SRCRF) Mineral Ridge asset in Nevada is returning high-grade gold intercepts from satellite deposits and other targets drilled on the property, and its open-pit gold mining operation is on track to…