Low coal prices cut into Teck’s profits
VANCOUVER — Teck Resources’ (TSX: TCK.B; NYSE: TCK) second quarter profit fell to $72 million, down more than 70% compared to the same quarter last year because of low metallurgical coal prices.
Volume 100 Number 25 Aug 4 - 10, 2014
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 29, 2014 Precious MetalsPrice…
RB Energy shares tank on production delay, financing needs
Shares in RB Energy (TSX: RBI; US-OTC: RBEIF) tumbled by 28% on news that technical issues would delay production at its Quebec Lithium project, and that the company needs another cash infusion just two months after closing a $22-million…
BMO looks for leverage to soaring zinc price
With several major zinc mines slated to close in the next few years, zinc prices have responded accordingly — climbing 12% year-to-date and 24% over the last 12 months.
Editorial: Cliffs and Casablanca – the start of a beautiful friendship?
It’s the biggest shareholder revolt of the current downturn in mining, but as we go to press it looks like Casablanca Capital has succeeded fulsomely in its long-shot bid to swamp the 11-member board of Cliffs Natural Resources with six…
Claim Post develops Manitoba frac sand
After two years of careful groundwork, Toronto-based junior Claim Post Resources (TSXV: CPS; US-OTC: CLMPF) is well on its way to becoming a provider of premium white silica sand proppant to the oil and gas industry in the U.S. and Canada.
TSX climbs, July 21-25
The S&P/TSX Composite Index gained 188.47 points to close the trading week at 15,455.04. The S&P/TSX Capped Diversified Metals & Mining Index advanced 32.39 points to 924.02, while the S&P/TSX Global Gold Index stayed relatively…
TSX Venture back in the green, July 21-25
The S&P/TSX Venture Composite Index registered a modest 5.2-point gain en route to a 1,017.44-point close. Markets were buoyed by an increase in base metal and energy futures, though analysts noted light mid-year trading volumes.
U.S. markets unsettled, July 21-25
The gold price faltered despite rising geopolitical tension across Europe, and down with it went the Dow Jones Industrial Average, which lost 139.61 points over the week to close at 16,960.57. The S&P 500 fared better, closing almost even…
Ascot shows old Premier mine has more gold to give
VANCOUVER — Sometimes the best way to find new mineralization is not to look beside an old mine, but to drill right through it. At least that is what the latest drill results from Ascot Resources’ (TSXV: AOT) Premier…
Commentary: Managing human rights problems before they arise
As people become ever more aware of what’s going on in the world — including the impact of commercial activity on human rights — expectations inevitably rise. This in turn increases expectations of how companies and…
Fipke’s Northern Uranium thinks outside the basin
VANCOUVER — Conventional thinking amongst Canadian uranium explorers has been shifting over the past few years, and Northern Uranium (TSXV: UNO; US-OTC: NOURF) is hoping to be the next outfit to make a world-class discovery outside…