PotashCorp suspends its newest mine in NB
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is indefinitely suspending its new Picadilly potash mine in New Brunswick to lower its company-wide costs — dismissing roughly 430 workers.
Canada
Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
Sandstorm picks up 56 royalties from Teck
VANCOUVER — Business has been booming for outfits in the precious metal-streaming and royalty game, with the latest deal seeing Sandstorm Gold (TSX: SSL) amass another 56 royalties from Teck Resources (TSX: TCK.B; NYSE: TCK).
TSX Venture loses more ground, Jan. 18-22
The S&P/TSX Venture Composite Index hit historic lows, as it dropped 1.1%, or 5.29 points, en route to a 483.67-point weekly close. Monetary stimulus measures were on the horizon for many of the world’s major economies, as European…
Editorial: Does mining have an ROI problem?
In mid-January, The Northern Miner was once again privileged to host the latest in our popular series of Roundtable discussions featuring a who’s who of mining leaders in Canada. Held in downtown Toronto and sponsored by accounting…
Letter to the editor: Reliable access vs. reliable understanding in BC
While Mr. Dirom’s recent opinion piece, “B.C. explorers need reliable access to land to make discoveries” (T.N.M., Jan. 25-31, 2016) raises valid concerns, he offers only the same tired and outdated responses that are actually…
Peter George fined and sanctioned for QP work
The Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) has reached a consent order with Peter Thomas George in which he has agreed to pay a $15,000 fine and $20,000 towards APEGBC’s legal costs for a…
Optimism remains for investment in Northwest Territories
VANCOUVER — The Northwest Territories, which has led Canada in diamond and tungsten production, became a single-commodity producer in late 2015 after North American Tungsten (CVE: NTC) closed its Cantung Mine, 300 km from Watson Lake,…
Site visit: Victoria’s Eagle truly ‘shovel ready’
MAYO, YUKON — When it comes to visiting mine sites in northern Canada there aren’t too many that boast better access than Victoria Gold’s (TSXV: VIT; US-OTC: VITFF) Dublin Gulch property, which is reached via a civilized,…
Teck inks deal with Lorraine Copper
VANCOUVER — It’s been over a decade since Teck Resources (TSX: TCK.B; NYSE: TCK) first optioned the Lorraine copper-gold project in north-central B.C. from Lorraine Copper (TSXV: LCC), but now the major is set to relinquish its 51%…
Kaminak boosts confidence in Coffee with new studies
VANCOUVER — It’s hard to find a flaw in Kaminak Gold’s (TSXV: KAM; US-OTC: KMKGF) Coffee gold project, 130 km south of Dawson City in the Yukon. The economics of a proposed heap-leach operation have held up through…
The biggest gold losers in 2015
Last year was another tough year for gold companies, with the spot metal price sliding 10% to finish 2015 at US$1,061 per oz. While some miners thrived in the low gold price environment, others collapsed, with more than a few voluntarily…