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…
Copper
Teck cuts jobs, dividend
Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.
Rio Tinto joins Reservoir at Timok complex in Serbia
For any junior to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and at a dismal time in the markets, is striking. Reservoir Minerals (TSXV: RMC;…
Dynacor finds porphyry at Tumipampa in Peru
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…
TSX hit by low commodity prices, Nov. 6-12
Canada’s benchmark index posted a triple-digit loss on the back of lower crude and metal prices. The S&P/TSX Composite Index fell 3%, or 431.6 points to 13,127.18 — its lowest level in over six weeks. The S&P/TSX Capped…
Editorial: Copper, iron, oil, gold prices all head south
Miners across the globe gritted their teeth in mid-November as commodity prices slumped further, continuing a decline that began more than a month ago.
Reservoir Minerals teams up with Rio Tinto
For a junior company to entice a major to earn-into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing short of amazing….
Miners weigh in on green energy
Technologies in renewable energy sources such as wind, solar, hydroelectricity and bioenergy are improving, making them cheaper and attractive. However, lower commodity prices and tighter margins are among the barriers miners face when adopting…
TSX edges lower, Oct. 23-29
The S&P/TSX Composite Index finished in negative territory, losing 0.6% to end at 13,791.88 points. The S&P/TSX Capped Diversified Metals & Mining Index dropped 10.6% to 411.68. The S&P/TSX Global Gold Index retreated 1.8% to…
Teck the latest major to join Arena in Atacama
Teck Resources (TSX: TCK.B; NYSE-MKT: TCK) has become the third company this year to sign a joint-venture option agreement with prospect developer Arena Minerals (TSXV: AN) on its Atacama property in Chile, 50 km from the port of Antofagasta.
Wolfden hunts for nickel in Manitoba
VANCOUVER — When nickel giant Vale (NYSE: VALE) dropped its claims over the Rice Island nickel and copper project in the highly prolific Flin Flon–Snow Lake mining district of Manitoba in May, junior explorer Wolfden Resources…
Another wave of red across Freeport’s quarterly results
VANCOUVER — Heavily weighted in the copper and energy business, mining giant Freeport-McMoRan (NYSE: FCX) is enduring the worst of the commodity rout, with big losses announced in its third-quarter fiscal results.