TSX posts gains, Jan. 25-29
An interest rate cut by Japan’s central bank, the U.S. Federal Reserve’s decision to leave rates alone and rising oil prices — West Texas Intermediate crude finished at US$33.70 per barrel — lifted global markets. There…
News
Analysts give thumbs up to Detour’s new mine plan
A revised life-of-mine (LOM) plan that incorporates an additional mine face, enhances flexibility and further de-risks Detour Gold’s (TSX: DGC) Detour Lake gold mine in northeastern Ontario has elicited a round of applause from analysts…
Editorial: Aboriginal think tank calls for ‘bold’ infrastructure development in Far North
With the new federal government having vowed in its election platform to improve the lives of Aboriginal Canadians and spend tens of billions on infrastructure projects to offset the economic downturn, it’s a perfect time for aboriginal…
BC Minister Rustad encourages industry, First Nations to ‘build relationships’
VANCOUVER — British Columbia’s Minister of Aboriginal Relations and Reconciliation John Rustad said at this year’s Mineral Exploration Roundup in Vancouver that the provincial government is working with First Nation…
US stocks gain ground, Jan. 25-29
U.S. equities posted a second consecutive weekly gain, after a surprise move from the Bank of Japan to stimulate its economy. The Dow Jones Industrial Average rose 2.3% to 16,466.30, while the S&P 500 Index advanced 1.8% to 1,940.24. The…
Letter to the editor: Reliable access vs. reliable understanding
While Mr. Dirom’s recent opinion piece, “BC explorers need reliable access to land to make discoveries (T.N.M., Jan. 25–31, 2016)” raises valid concerns, he offers only the same tired and outdated responses that actually…
Aston Bay strikes exploration deal with BHP
BHP Billiton’s (NYSE: BHP) Canadian subsidiary has signed a letter of intent to fund exploration on Aston Bay Holdings’ (TSXV: BAY) Storm copper property, in Somerset Island, Nunavut.
Forum CEO touts ‘exciting’ year on the Athabasca
VANCOUVER — It isn’t a particularly active year for the exploration community, but Forum Uranium (TSXV: FDC; US-OTC: FDCFF) is bucking the trend with a pair of drill programs it hopes will lead to another major discovery…
U3O8 aims to help meet Argentina’s uranium demand
VANCOUVER — It’s been a bumpy ride for foreign mining companies in Argentina over the past three years, but explorer U3O8 Corp. (TSX: UWE) saw light at the end of the political tunnel in late October when the Andean…
Editorial: Does mining have an ROI problem?
In mid-January, The Northern Miner was once again privileged to host the latest in our popular series of Roundtable discussions featuring a who’s who of mining leaders in Canada. Held in downtown Toronto and sponsored by accounting…
US markets post first weekly gains in 2016, Jan. 18-22
U.S. markets were closed on Jan. 18 for the Martin Luther King Jr. holiday and see-sawed the rest of the week, as West Texas Intermediate crude dipped below US$27.98 per barrel on Wednesday before finishing up 5.5% to US$32.20. The European…
Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.