Exploding Costs: An analysis of Galore Creek
The mining industry is fraught with capital cost overruns — a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining…
Canada
Rio Tinto maintains dividend, discloses taxes
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and…
Cameco halts conversion facility in Ontario
Canada’s Cameco (TSX: CCO; NYSE: CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown…
Marathon Gold releases prefeasibility study on Valentine
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the…
NexGen Energy well positioned to benefit from uranium price increase
The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and…
Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in…
US markets drop, March 30-April 3: Consol Energy, Cameco, Rio Tinto, Kirkland Lake, Wheaton Precious Metals, Fortuna
The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New…
Alberta lithium startups aim to ease transition to clean energy economy
Not so long ago, in situ oilsands production was little more than a dream in the eye of Alberta’s petroleum producers. Years of government and industry-funded research cracked that nut…
Executive chairman John Thornton sells 50% of his shares in Barrick
John Thornton, Barrick Gold’s (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company “due to personal portfolio considerations.” Thornton sold 2.63 million shares following the…
Rockcliff boosts resource for Rail deposit in Manitoba
Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and contained copper-equivalent metal at the…