Syncrude works continuously at reclamation
Syncrude, one of the largest oilsands operators, does not wait until an area is completely mined out before startin…
News
Barrick To Build Pascua-Lama
It has taken more than a decade, but Barrick Gold (ABX-T, ABX-N) has finally decided to build an open-pit mine straddling the border between Chile and Argentina, many thousands of metres above sea lev…
Economic Downturn Shines Spotlight On Executive Pay
The public outcry over outlandish bonuses and pensions paid to senior executives at financial institutions in the United States and the United Kingdom could start to spill over into other industries a…
U.S. Markets -May 5 -11
During the May 5-11 reporting period, the Dow Jones Industrial Average inched up 8.12 points or 0.1% to 8,418.77, while the Standard & Poor’s 500 index rose 5.44 points or 0.6% to 909.24.
Toronto Stock Exchange – May 5 -11
The old adage “sell in May and go away” hasn’t held up thus far this year. The latest market rally showed sustained strength into the month as the TSX composite index grew by over 220 points to finish…
TSX Venture Exchange – May 5 -11
For the May 5-11 reporting period, the S&P/TSX Venture composite index more or less subscribed to a maxim held by turtles: Slow and steady wins the race. The Venture board saw four straight days o…
Century Mulls Its Options At Lamaque
Junior gold producer Century Mining (CMM-V, CMNZF-O) has nailed down a conditional underwriting commitment for US$65 million to restart Lamaque, a gold mine in Quebec that historically has produced mo…
HudBay Posts Q1 Loss
Lower copper and zinc prices sent HudBay Minerals’ (HBM-T, HBMFF-O) net earnings into negative territory in the first quarter of 2009, but lower operating costs helped cushion the fall.
Denison Expanding With Northern Continental Acquisition
Intermediate uranium producer Denison Mines (DML-T, DNN-X) is expanding its empire and acquiring Northern Continental Resources (NCR-V, NCLRF-O) for its 60% interest in the Russell Lake project, adjac…
Western Canadian Coal Won’t Halt Wolverine And Brule
Western Canadian Coal (WTN-T, WTN-L) has negotiated “sufficient” sales contracts and prices for the fiscal year ended on March 31, 2010, to allow it to continue mining high-quality metallurgical coal …
Eldorado Gold Q1 Production Falters
VANCOUVER–News of falling revenues, gold sales and production in the first quarter of 2009 barely dented Eldorado Gold’s (ELD-T, EGO-X) share price.
Agnico-Eagle Posts Record Q1 Production
Higher gold production and a US$38.6-million tax recovery sent Agnico-Eagle Mines’ (AEM-T, AEM-N) net income up 88% to US$54.3 million, or US35¢ per share, in the first quarter of 2009 — up from…