TSX moves up, April 28-May 2
The Toronto stock market had a strong trading week, helped by decent corporate earnings and better-than-expected jobs data from the U.S., with the S&P/TSX Composite Index gaining 232 points to 14,765.15.
News
Denison’s Wheeler River set to grow
VANCOUVER — Uranium may be in the doldrums right now, but Denison Mines’ (TSX: DML; NYSE-MKT: DNN) Wheeler River uranium project in the Athabasca basin is nonetheless becoming one of the world’s best resource projects —…
Hudbay’s Manitoba business going strong and growing
Hudbay Minerals (TSX: HBM: NYSE: HBM) swung to a net loss in the first quarter of $27.2 million, or 15¢ per share, compared to a profit of $1.9 million, or 1¢ per share, in the first quarter of 2013, mainly due to a temporary…
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
West Kirkland CEO talks Hasbrouck, Three Hills deal
VANCOUVER — Nine months ago it became apparent to president and CEO R. Michael Jones and his team at explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) that the company needed to reassess what it was doing and pinpoint the…
New zone shines for Fortuna Silver at San Jose
VANCOUVER — Fresh from doubling the throughput at its San Jose silver–gold mine in Mexico, Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is finding that a steady stream of high-grade drill results from the mine’s new Trinidad…
Cameco Q1 profits up on Bruce Power sale
Saskatoon-based uranium miner Cameco (TSX: CCO; NYSE: CCJ) earned $131 million in the first quarter, helped by the sale of its interest in Bruce Power Ltd. Partnership.
Fission finishes winter PLS program with more hot holes
VANCOUVER — Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) winter drill program at its Patterson Lake South (PLS) uranium project in the southwest Athabasca was a remarkable success.
Rockcliff builds critical mass in Flin Flon-Snow Lake
During his 30 years as a field geologist, Kenneth Lapierre worked on grassroots exploration projects across North and South America and as an underground production geologist in precious and base-metal mines in Canada. His work over those…
Water issues arise as Ur-Energy ramps up Lost Creek
Ur-Energy (TSX: URE; NYSE-MKT: URG) is getting the production numbers it expected as it ramps up its Lost Creek uranium project towards commercial production, but water issues at the facility have caused concern.
PotashCorp beats Q1 earnings estimates
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is off to a good start, as it has reported strong first-quarter 2014 earnings, beating the company’s guidance and analyst expectations and bumping up its full-year forecast.
Castle Mountain Mining completes PEA milestone
In one short year as a public company, Castle Mountain Mining (TSXV: CMM) has delivered a resource estimate on the past-producing Castle Mountain mine project, 112 km from Las Vegas in San Bernardino County, Calif., and completed a preliminary…