PotashCorp’s profits rise on greater potash demand
Potash Corp. of Saskatchewan (POT-T, POT-N) says renewed potash demand has lifted its first-quarter profits to $556 million, or 63¢ per share, up 13% from the same period last year.
Volume 99 Number 13 May 13 - 19, 2013
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 7, 2013 Precious MetalsPrice…
Editorial: Be there at 7 and bring a six-pack
Do you have a friend who’s so consistently late that you and your buddies always tell him to show up an hour before the real time he’s supposed to be there? Or a friend at parties who always ends up drinking more than he brings, so…
Commentary: Quebec’s mining royalty proposal misses the mark
VANCOUVER — If there is one outcome to avoid in the political arena, it revolves around agitating interest groups on both sides of the issue. The Parti Québécois (PQ) managed just such a manoeuvre on May 6 when…
TSX Venture stays the course, Apr. 29 – May 3
The S&P/TSX Venture Composite Index had trouble mustering momentum during the trading week despite promising economic news out of Canada and the U.S., as well as a surge in crude oil prices driven by heightened conflict in the Middle East….
U.S. markets: Wall Street gains on strong jobs data, Apr. 29 – May 3
An exceptional employment report for April helped lift U.S. stocks during the trading week to record highs. The Dow Jones Industrial Average traded above 15,000 for the first time before closing at 14,973.96, up 261 points, or nearly 2% for the…
TSX makes gains in May, Apr. 29 – May 3
The S&P/TSX Composite Index shrugged off fears that this May would be like the last two and bring about a sell-off. Rather than sliding, the Index headed into the month looking strong, posting a 155-point gain to climb to 12,438.03 for the…
Glencore Xstrata promises fiscal discipline
VANCOUVER — It was not always a smooth process and it took a year to gel, but Glencore International has completed its US$29-billion takeover of Xstrata, with the merged company trading as Glencore Xstrata (GLEN-L) and boasting a…
Yamana’s Q1 profits plunge as costs rise
Despite producing more gold than a year ago, Toronto-based Yamana Gold (YRI-T, AUY-N) wasn’t able to buck the trend of miners posting shrinking first-quarter profits amidst dipping metal prices. Profit for the first quarter of…
Excellon seeks sunnier days in Mexico
Shareholders of Excellon Resources (EXN-T) appeared unimpressed at the company’s recent annual general meeting (AGM) in Toronto, with many urging the producer to get to the root of the community and labour issues that have dogged the…
Argonaut unveils Veta Madre resource at La Colorada
The La Colorada deposit in Sonora Mexico has come a long way since Jesuit missionaries first staked the ground and mined the Minas Prietas zone in the mid-1700s. From 1860 to 1914 the deposit was mined from underground (production was shut…
Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.