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.
Zinc-Lead
US equities rise, Oct.19-22
U.S. stocks climbed on the back of strong housing figures for September; better-than-expected earnings from major companies like eBay, Microsoft and Amazon; and signs that the European Central Bank would consider more stimulus measures to boost…
Star Mountain buys shuttered zinc mine from Hudbay
Star Mountain Resources (US-OTC: SMRS) is acquiring a past-producing zinc mine and concentrator in New York state, which the company says will catapult it from explorer to producer in less than a year.
TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
TSX falls, Sept. 21-25
Anxiety about global growth soured investor appetite for risk, with data showing Chinese factory activity shrank to a six-and-a-half-year low in September, while U.S. manufacturing growth in the same month stayed at a two-year low.
Sierra Metals turns up the heat in Mexico
In July, Sierra Metals (TSX: SMT) appointed as its vice-president of exploration Matthew Wunder — a geologist who during his career was part of a group at Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) that discovered and developed the…
Eldorado Gold halts Greek ops as ministry revokes technical study
Haywood Securities analyst Kerry Smith says Greece’s energy minister Panos Skourletis was on a “fishing expedition” when he revoked the technical studies on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Skouries and Olympias…
Friedland: Mining companies ‘priced for Armageddon’
VANCOUVER — Vanguard executive chairman of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) Robert Friedland took to the stage at the Sprott Natural Resource Symposium in Vancouver in late July, and delivered a talk about why he believes copper…
Wolfden keeps the drills turning in Bathurst camp
VANCOUVER — It may very well be the worst market conditions for explorers, but that hasn’t stopped Wolfden Resources (TSXV: WLF) from mounting a drill campaign across its expansive land position in the heart of…
Teck chugs along, amid plunging coal prices
Teck Resources (TSX: TCK.B and NYSE: TCK) has posted decent second quarter results. But analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.
Defiance Silver hits high grades at San Acacio
Defiance Silver (TSXV: DEF; US-OTC: DNCVF) is having drilling success at its past-producing San Acacio silver mine in Zacatecas, Mexico.