Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
News
Richmont boosts gold reserves 187%
Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is reaping the rewards of its extensive drilling campaigns last year, with a combined 187% increase in reserves at its two gold mines: Island Gold in Ontario and Beaufor in Quebec.
Excelsior updates Gunnison prefeasibility
A staged production approach at Excelsior Mining’s (TSXV: MIN; US-OTC: EXMGF) Gunnison copper project in southeastern Arizona would slash upfront capital costs and lower financing risk, while delivering a post-tax internal rate of return…
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
Thornton’s Barrick looks leaner
Barrick Gold (TSX: ABX; NYSE: ABX) is benefitting from going back to the basics, under the direction of chair John Thornton.
Suppliers news: $2.6M research cluster to tackle corrosion in Saskatchewan
The Saskatoon-based non-profit International Minerals Innovation Institute (IMII) has announced a research initiative that could benefit miners in the province.
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
Junior uranium execs pitch rebound in market
VANCOUVER — The CEOs of three North American uranium juniors took to the stage during an open-panel session at the Vancouver Resource Investment Conference in January to discuss the broader uranium market and argue why it is due to…
Agnico sees ‘stable’ production for the next three years
Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) disciplined balance of costs and growth has set it up for a solid three years of production ahead, despite the current volatility in the markets.
Canadian Mining Hall of Fame welcomes five industry leaders
The Canadian Mining Hall of Fame’s (CMHF) 28th induction ceremony in mid-January at the Fairmont Royal York hotel in Toronto honoured five industry leaders — Keith Brimacombe, Harold Williams, Stewart Blusson, Louis Gignac and…
Geoscience BC tables mag survey of central BC for explorers
VANCOUVER — Bruce Madu, vice-president of minerals and mining for Geoscience BC, has already lined up interesting targets from the latest airborne magnetic survey the organization flew last year over west-central B.C., but he’s…
Plateau Uranium making strides at Macusani
Five corporate transactions over eight years and a steady pace of consolidation and resource growth have laid the groundwork for an updated preliminary economic assessment (PEA) of the Macusani project in southern Peru that would place it in…