Intrepid closes West facility amid weak potash prices
Intrepid Potash (NYSE: IPI) is temporarily shutting its largest potash mine amid weak fundamentals, after swinging into a loss in the first quarter. On May 9, the company posted an…
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Freeport to sell Tenke stake for US$2.7B
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell…
Drilling pays off for Richmont at Island Gold
Richmont Mines (TSX: RIC; NYSE-MKT: RIC) shares got a boost after exploration drilling confirmed the Island Gold mine near Wawa, Ont., continues to grow in size. The 77.7 sq. km property…
TSX Venture eases down, May 2-6
The S&P/TSX Venture Composite Index edged down 0.2%, or 5.93 points, en route to a 668.94-point close, weakened by falling commodity prices. Spot gold dropped 0.4%, or US$4.54, to US$1,288.99…
Wall Street slips, May 2–6
U.S. indexes continued in negative territory amid lower oil prices and a weak jobs report. The Dow Jones Industrial Average slipped nearly 0.2% to 17,740.63, while the S&P 500 Index…
TSX ends in the red, May 2–6
The Toronto stock market declined during the first week of May on the back of lower commodity prices and weak economic data. Statistics Canada reported the economy lost 2,100 jobs…
The Northern Miner podcast – episode 11: Special guest Trish Saywell on Argentina
Join Matt and very special guest Trish Saywell as they discuss the political and investment climate in Argentina. Trish is our Senior Staff Writer from Toronto who recently visited the…
Commentary: New takeover bid rules take effect in Canada
As of May 9, new takeover bid rules took effect across Canada. These new rules will undoubtedly impact the Canadian mining sector, which accounts for 40% of the number of…
Ivanhoe outlines economics for Big Zinc at Kipushi
VANCOUVER —Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has tabled a preliminary economic assessment (PEA) for the redevelopment of the brownfield Kipushi zinc-copper project in the Democratic Republic of the…
Endeavour posts mixed Q1
Endeavour Mining (TSX: EDV) eked out a small profit in the first quarter as it increased gold production and lowered all-in sustaining costs, but missed analysts’ expectations. Net earnings for the…
US mining engineer graduate numbers up 20%
In 2015, a total 427 students graduated with mining engineering degrees from U.S. mining schools, according to the SME Guide to Minerals and Materials Schools. The number includes undergraduate, masters…
Agnico drills prospects across Canada, Sweden and Mexico
VANCOUVER — Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has reported another strong quarter to start 2016, and it is giving the market a more detailed look into its exploration portfolio that…