US markets rise, Dec. 9-13: Rio Tinto, Newmont Goldcorp
The Dow Jones Industrial Average rose 0.43% to 28,135.38 and the S&P 500 Index gained 0.73% to 3,168.80. Spot gold climbed US$16 per oz. to finish at US$1,475.70 per ounce….
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TSX Venture moves higher, Dec. 9-13: Victoria Gold, Metalla Royalty, O3 Mining
The S&P/TSX Venture Composite Index moved 0.50% higher to 540.53, while spot gold finished at US$1,475.70 per oz., up US$16 per ounce (1.10%). Shares of Victoria Gold jumped 51¢ to…
TSX posts marginal gain, Dec. 9-13: Kirkland Lake, Pan American, Centerra
The S&P/TSX Composite Index rose 0.04% to 17,003.10. The S&P/TSX Global Mining Index rose 3.80% to 80.99 and the S&P/TSX Global Base Metals Index gained 4.97% to 109.84. Spot gold…
Commentary: Mining company boards have ‘advantage’ in transition to low-carbon economy
With the mining sector generating 14% of Canada’s greenhouse gas (GHG) emissions, the presence of climate change presents the sector with both opportunities and risks. The transition to a low-carbon…
Commentary: The periodic table and the road to resource nationalism
This year marked the 150th anniversary of the periodic table, which UNESCO has dubbed the International Year of the Periodic Table of Chemical Elements. Developed in 1869 by Dmitri Mendeleev,…
Ontario, Saskatchewan and New Brunswick sign MOU on SMRs
The governments of Ontario, Saskatchewan and New Brunswick have signed a memorandum of understanding (MOU) committing their provinces to the development and deployment of a new type of nuclear technology…
Interview: Rory Johnston of Scotiabank looks to 2020
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank’s economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the…
LlamaZoo VR technology trims mine costs, carbon footprint
Before it started creating 3-D visualizations of mine sites, Victoria-based LlamaZoo Interactive was helping veterinarian students virtually dissect dogs. Using technologies such as virtual reality (VR) and augmented reality, video…
Poor market conditions derail Triple Flag IPO
Royalty and streaming company Triple Flag Precious Metals has cancelled a planned initial public offering (IPO) due to poor market conditions. “While the company has been encouraged by investor interest…
Kirkland Lake expands mineralization at Fosterville
Kirkland Lake Gold (TSX: KL; NYSE: KL) has released infill and step out results from the Robbin’s Hill area, north of its high-grade Fosterville mine in Australia, where expansion drilling…
Teranga buys Barrick’s Massawa in Senegal
Barrick Gold (TSX: ABX; NYSE: GOLD) is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold (TSX: TGZ; US-OTC: TGCDF) for US$300 million in cash,…
Anglo American cuts output targets for coal, iron ore and diamonds
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium,…