Suppliers news: MacLean, Gekko, First Drilling
MacLean Engineering hits milestone, announces partnership with Montabert
News
Flawed dam design caused Mount Polley spill, panel says
An independent investigation into the tailings pond spill at Imperial Metals’ (TSX: III; US-OTC: IPMLF) Mount Polley gold-copper mine near Likely, B.C., found that a flaw in the dam’s design caused the breach last summer.
U.S. markets feel the chill, Jan. 26-30
The final week of January was a mixed bag. On the bright side for resource investors, gold and oil prices climbed to US$1,283.10 per oz. and US$52.99 a barrel, respectively, while U.S. consumer spending also improved, rising 4.3% in the fourth…
TSX posts strong gains, Jan. 19-23
The Bank of Canada’s surprise cut of the overnight interest rate to 0.8% from 1% — the first move on rates since September 2010 — combined with the European Central Bank’s decision the next day to buy €60-billion…
Hecla contemplates open-pit revival at San Sebastian
VANCOUVER — U.S. silver outfit Hecla Mining (NYSE: HL) could be on the verge of adding a new asset to its near-term production profile after a 2014 drill program at its San Sebastian property in Durango, Mexico. The company briefly…
Franco’s Harquail: ‘My belief in exploration has been shaken’
VANCOUVER — It’s hard to find a better value-builder over the past decade than Franco-Nevada (TSX: FNV; NYSE: FNV), which essentially pioneered the royalty-stream finance model in its previous incarnation and has seen its share…
TSX Venture returns to positive territory, Jan. 19-23
The S&P/TSX Venture Composite bounced back during the trading period, as it gained 1.6%, or 10.87 points, en route to a 678.18-point close. Miners benefitted from higher gold futures prices, while markets welcomed a wave of stimulus…
Kirwin collection arrives at the ROM
It’s been six years since the first discussions about bringing geologist Douglas Kirwin’s renowned rock collection to the Royal Ontario Museum (ROM) in Toronto, and after a $3.7-million fundraising effort the vast collection has…
Telfer dazzles at Mining Hall of Fame soiree
For those lucky enough to get a seat at this year’s sold-out Canadian Mining Hall of Fame dinner in Toronto on Jan. 15, inductee Ian Telfer did not disappoint. Within moments of taking the stage, donning a pair of gold-hued shoes, the…
Commentary – CPM Group: China key to moly market
The following is a summary of the newly released Molybdenum Market Outlook from New York-based research firm CPM Group. The full study offers in-depth analysis of global molybdenum supply, demand and price trends, including projections for the…
Paladin gets PE from Asia
Like most uranium companies last year, Paladin Energy (TSX: PDN; ASX: PDN) struggled with tough markets and low commodity prices.
U.S. equities march higher, Jan. 20-23
U.S. stocks snapped a three-week losing streak to close the abbreviated trading week higher. The Dow Jones Industrial Average gained 161.03 points, or 0.9%, to finish at 17,672.60, while the S&P 500 Index moved up 32.4 points, or 1.6%, to…