Teck and Copper Fox partner up on Schaft Creek
VANCOUVER — Teck Resources (TSX: TCK.B; NYSE: TCK) has a thing for Schaft Creek.
Volume 99 Number 24 Jul 29 - Aug 4, 2013
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 23, 2013 Precious MetalsPrice…
Editorial: Prosperity’s temerity
I visited Taseko Mines’ Gibraltar mine north of Williams Lake, B.C., in 2008. The company bought the shuttered operation in 1998 and restarted it in 2004. Four expansions later, Gibraltar now employs 700 people, churns out 90 million lb….
Sabina keeps finding high-grade gold at Back River
Sabina Gold & Silver (TSX: SBB) is pulling strong grades from its Back River gold-silver project in Nunavut. The latest results come from the Umwelt and Llama deposits, two of the project’s four main deposits.
TSX Venture Exchange, July 15-19
The S&P/TSX Venture Composite Index capped off a month-long rally with big gains during the trading period, jumping 2.5%, or 21.97 points, en route to a seven-week high of 920.39 points to end the week. Gains were underpinned by surging…
Toronto Stock Exchange, July 15-19
The S&P/TSX Composite Index shrugged off any talk of summer doldrums with a 170-point gain to finish the period at 12,685.13 points. The gains in Toronto came as the oil price hit a 15-month high and the Canadian dollar fell. With new data…
U.S. markets, July 15-19
It was a news-filled week in the U.S., with Detroit filing the largest municipal bankruptcy in the country’s history, better-than-expected second quarter corporate earnings and reassuring comments from Federal Reserve Chairman Ben…
Equity-royalty deal lands True Gold a cool $23.5M
VANCOUVER — Money may be tight right now, but True Gold Mining (TSXV: TGM) is demonstrating that there is funding available for companies with advanced projects that are willing to be a bit creative.
Fortune closes in on final permits at NICO
VANCOUVER — It has been a promising six months for Fortune Minerals (TSX: FT; US-OTC: FTMDF) and its advanced-stage NICO gold-cobalt-bismuth project, 160 km northwest of Yellowknife, N.W.T. The London, Ont.-based company began the year…
Stornoway gets the go-ahead at Renard
Stornoway Diamond (TSX: SWY; US-OTC: SWYDF) has received a positive environmental assessment decision from the Canadian government, being the last major permit the company needs to build its flagship Renard diamond mine in Quebec.
Rio repairs Bingham Canyon, ships first Oyu Tolgoi copper, expands Pilbara
VANCOUVER — When a wall failure sent 150 million tonnes of rock and earth pouring into the massive pit at the Bingham Canyon mine in Utah in April, owner Rio Tinto (NYSE: RIO; LSE: RIO) said the event would reduce its copper output for…
Midas gets a $9.8M infusion from Teck
Midas Gold (TSX: MAX; US-OTC: MDRPF) should have enough cash to advance its Golden Meadows gold-antimony-silver project in Idaho until the end of 2014, thanks to a strong endorsement from Teck Resources (TSX: TCK.B; NYSE: TCK).