Teck cuts jobs, dividend
Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.
News
Cliffs shutters Northshore amid weak iron ore demand
Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…
Bannerman believes in Etango despite uranium slump
VANCOUVER — Uranium prices have taken a beating over the past few years, but Australia-based Bannerman Resources (TSX: BAN; US-OTC: BNNLF) hasn’t lost faith in its wholly owned Etango open-pit asset, 38 km from the coastal town…
Lydian streamlines Amulsar plans to ease capital burden
Lydian International (TSX: LYD; US-OTC: LYDIF) knows it has to adjust expectations at its wholly owned Amulsar gold project in south-central Armenia if it wants to secure development funding under current market conditions. To that end, the…
TSX Venture remains in the doldrums, Nov. 16-20
The S&P/TSX Venture Composite Index dropped 3.28 points en route to a 520.65-point weekly close. Canadian markets are finding it hard to generate positive momentum amid a prolonged slump in commodity prices. Meanwhile, Statistics Canada…
Bacanora raises US$13.4M for Mexican lithium project
Just a few months after Bacanora Minerals (TSXV: BCN) and Rare Earth Minerals (LSE: REM) signed a deal with Tesla Motors (NASDAQ: TSLA) to supply the carmaker with lithium hydroxide from their Sonora lithium project in Mexico, the companies…
Short Position Report
Short positions outstanding at Nov.15/15 (with changes from Oct.31/15).
Lucara finds 1,111-carat diamond in Botswana
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.
Oban Mining to pick up Northern Gold
Northern Gold Mining (TSXV: NGM) is the fourth junior this year to sign a business combination agreement with Oban Mining (TSX: OBM), joining Eagle Hill, Ryan Gold and Corona Gold, which consolidated their properties in Ontario and Quebec under…
Dynacor finds porphyry at Tumipampa in Peru
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…
Gold Standard Ventures makes oxide discovery
Geologists at Gold Standard Ventures (TSXV: GSV; NYSE-MKT: GSV) could be on the brink of another major discovery in the Carlin trend.
Timmins Gold to close San Francisco mine next year
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is now planning to suspend mining in mid-2016 at its only operating asset — the San Francisco heap-leach gold mine in Mexico’s Sonora state — moving up the date from 2022 in response to…