TSX Venture eases down, May 29-June 2
The S&P/TSX Venture Composite Index lost 7.61 points over the report period to an 800.98-point close, as spot gold prices gained US$12.41 to US$1,278.17 per oz., and Comex copper prices…
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US markets inch higher, May 29-June 2
Markets in the U.S. were closed for the Memorial Day holiday on May 29. For the rest of the week, the Dow Jones Industrial Average rose 0.60% to 21,206.29 and…
[Update] Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold‘s (TSX: ABX; NYSE: ABX) senior management is getting directly involved in an evolving sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9%…
Canada’s benchmark index posts marginal advance, May 29-June 2
Canada’s real growth domestic product advanced at a 3.7% annualized rate in the first quarter, or more than triple the 1.2% rate posted in the United States. Business investment was…
China ‘holds the key’ to thermal coal price stability
The Northern Miner recently spoke with Andy Roberts, Wood Mackenzie’s research director of global thermal coal markets, to get an overview of the sector. Based in Austin, Texas, Roberts analyzes…
Wave of consolidation hits Canada’s oilsands
VANCOUVER — It’s been a volatile few years for Canadian energy producers in Alberta’s oilsands. Last year provincial voters elected the New Democratic Party, which is rarely a ready friend to…
Miner Moments #8: Exploration Insights’ Brent Cook talks junior markets
Matt sits down with Exploration Insights analyst Brent Cook to talk about the state of junior markets. This is an interlude from a longer conversation we’ll be airing during The…
Uranium snapshot: Juniors active in Saskatchewan’s Athabasca basin
Although uranium markets are in a prolonged downturn, more than a few junior companies are patiently waiting to reap the rewards of better days ahead. Here are five companies advancing…
Ivanhoe veteran Hornor ventures into gold with Aurvista
VANCOUVER — Matthew Hornor, protégé of mining mogul Robert Friedland and veteran of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), has taken the helm of Aurvista Gold (TSXV: AVA) as president…
When will uranium prices rise enough to justify new mines?
David Cates is president and CEO of Denison Mines (TSX: DML; NYSE-MKT: DNN) and president and CEO of Uranium Participation (TSX: U), a company focused on investing in uranium concentrates….
Kameron Collieries restarts Donkin coal mine
Underground coal mining in Cape Breton has resumed after a 15-year hiatus. The Donkin mine started producing coal at the end of February and the underground operation should churn out…
Richmont studies Island Gold expansion, steps up exploration
VANCOUVER — Richmont Mines (TSX: RIC; NYSE: RIC) has completed a preliminary economic assessment (PEA) at its flagship Island Gold operation in Ontario in late May that models 115,000 oz….