HudBay Posts Q1 Loss
Lower copper and zinc prices sent HudBay Minerals’ (HBM-T, HBMFF-O) net earnings into negative territory in the first quarter of 2009, but lower operating costs helped cushion the fall.
News
Western Canadian Coal Won’t Halt Wolverine And Brule
Western Canadian Coal (WTN-T, WTN-L) has negotiated “sufficient” sales contracts and prices for the fiscal year ended on March 31, 2010, to allow it to continue mining high-quality metallurgical coal …
Agnico-Eagle Posts Record Q1 Production
Higher gold production and a US$38.6-million tax recovery sent Agnico-Eagle Mines’ (AEM-T, AEM-N) net income up 88% to US$54.3 million, or US35¢ per share, in the first quarter of 2009 — up from…
Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
Moly Getting Back On Her Feet
One encouraging development during the 18th trading week of the year was the hint that the molybdenum market is recovering after the devastating demand collapse we witnessed late last year.
GEM: The Feds’ New Fund For Arctic Exploration
In its 2008 budget, the Canadian government described a “Vision for a New North” which included spending $34 million over two years on a program called “Geo-mapping for Energy and Minerals,” or GEM.
People (May 18, 2009)
Avanti Mining — Thomas Gunthardt appointed project manager for the Kitsault project.
Caterpillar Records Q1 Loss
Since late last year, Caterpillar (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 workers from its part-time payroll, bringing its redundancy costs in the first quarter to…
Mongolia Suspends Western Prospector’s Gurvanbulag Licence
Navigating the political minefield that is Mongolia often requires pulling out the heavy artillery.
Canadian Gold Hunter And Suramina Merge
VANCOUVER — Two Lundin Group companies, Canadian Gold Hunter (CGH-T) and Suramina Resources, have officially combined forces now that shareholders have approved a merger.
U.S. Markets -May 5 -11
During the May 5-11 reporting period, the Dow Jones Industrial Average inched up 8.12 points or 0.1% to 8,418.77, while the Standard & Poor’s 500 index rose 5.44 points or 0.6% to 909.24.
Toronto Stock Exchange – May 5 -11
The old adage “sell in May and go away” hasn’t held up thus far this year. The latest market rally showed sustained strength into the month as the TSX composite index grew by over 220 points to finish…