Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
News
TSX rises on higher oil prices, Jan. 18-22
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…
Site visit: Victoria’s Eagle truly ‘shovel ready’
MAYO, YUKON — When it comes to visiting mine sites in northern Canada there aren’t too many that boast better access than Victoria Gold’s (TSXV: VIT; US-OTC: VITFF) Dublin Gulch property, which is reached via a civilized,…
Baja says commercial production is around the corner at Boleo
Tom Ogryzlo has been working hard to resuscitate Baja Mining (TSXV: BAJ) and its copper-cobalt-zinc Boleo project in Mexico since he was named interim CEO in May 2012 — a post he still holds to this day.
The biggest gold losers in 2015
Last year was another tough year for gold companies, with the spot metal price sliding 10% to finish 2015 at US$1,061 per oz. While some miners thrived in the low gold price environment, others collapsed, with more than a few voluntarily…
Sherritt hit by low nickel prices at Ambatovy
Sherritt International (TSX: S) is bracing for a $1.6-billion non-cash impairment at its Ambatovy nickel-cobalt mine in Madagascar due to lower nickel prices, months after it cancelled its quarterly dividend for 2015 and 2016 to reduce…
Skeena grows GJ’s resource in BC
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has updated the resource estimate for the Donnelly and North Donnelly copper-gold deposits on its GJ property, in the prolific Golden Triangle of northwestern B.C.
Endeavour, Detour exit 2015 on a high note
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) and Detour Gold (TSX: DGC; US-OTC: DRGDF) — two of the gold sector’s top share-price performers last year — reported strong fourth-quarter and full-year production results in 2015…
More gold for Rockhaven at Klaza
VANCOUVER — With over 20 million historical oz. of placer gold scoured out of the gravel creeks across the northern latitudes of the Yukon Territory, Matthew Turner, president, CEO and director of Rockhaven Resources (TSXV: RK), says…
Imperial suspends open pit at Huckleberry in BC
VANCOUVER — Steve Robertson, spokesperson for Huckleberry Mines and vice-president of corporate affairs for Imperial Metals (TSX: III; US-OTC: IPMLF), says there’s value left in the ground at the open-pit Huckleberry copper mine, 88…
Rubicon’s F2 deposit is uneconomic
A revised geological model and updated resource estimate that eviscerates much of the tonnage and grade at Rubicon Minerals’ (TSX: RMX; US-OTC: RBYCF) F2 gold deposit means that more exploration would be needed at depth and along strike…
Letter to the editor: Excuses, excuses
Poor geology is a poor, but valid, excuse for a mining company to use when describing why their ore deposits do not have the ore as expected.