US stocks finish strong, May 27-30
U.S. equities ended the holiday-shortened trading week in positive territory.
Canada
TSX Venture hit by lower commodity prices, May 26-30
The S&P/TSX Venture Composite Index spent much of the week in the red before closing down 4 points at 983.99. Markets were hit by declining commodity futures, while Statistics Canada reported that the nation’s gross domestic product…
Cameco puts Millennium on ice
Poor economic conditions in world uranium markets are forcing many uranium companies to postpone projects or scale back operations.
Commentary: How low can uranium prices go?
Investors in uranium stocks are a weary bunch at this point. And despite a number of factors hinting at a recovery in uranium oxide prices, they continue along a downward trajectory.
Editorial: Ring of Fire funding – A Wynne-win?
In a rare turn, mining has emerged as an issue in a provincial election campaign in Ontario: the ruling Liberal party is promising to unilaterally pump up to $1 billion into infrastructure development in the remote Ring of Fire chromite camp in…
Timmins Gold under proxy fire from Sentry Investments
VANCOUVER — Proxy battles were a hot topic roughly two years ago, and now producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is the latest to be targeted by dissident shareholders looking to remake the company’s board of directors. On…
Skyharbour scores with 100% acquisition of Way Lake
During the fourteen years Rick Kusmirski worked at JNR Resources, the former Cameco Corp. (TSX: CCO; NYSE: CCJ) geologist headed exploration teams that discovered two significant uranium deposits in Saskatchewan’s eastern Athabasca Basin: the…
TSX Venture bounces back, May 20-23
The S&P/TSX Venture Composite Index recovered from a four-month low during the shortened trading period, gaining 1.2%, or 11.40 points, en route to a 987.95-point weekly close. Markets were bolstered by strong quarterly earnings from the…
Balmoral shares surge on Bug Lake results
Shares of Balmoral Resources (TSX: BAR; US-OTC: BALMF) surged 21% to $1.04, with 4.6 million shares trading hands after the junior reported an intercept of 1,138 grams gold per tonne over 4.9 metres, including 9,710 grams gold over 0.57 metre…
Arianne Phosphate grows Lac Paul
Arianne Phosphate (TSXV: DAN; US-OTC: DRRSF) says one of the world’s largest greenfield phosphate-rock projects has just gotten bigger, with near-surface inferred resources added from the Lac à Paul deposit’s Nicole zone in…
Fewer mining dollars spent and earned in BC
VANCOUVER — In its forty-sixth annual mining industry survey, PwC’s Digging Deep: The Mining Industry in British Columbia 2013 reflects a difficult year for the sector across all commodities.
Dominion Diamond’s sparkling start in fiscal 2015
Toronto-based Dominion Diamond (TSX: DDC; NYSE: DDC) reported a strong operational start to the year, with higher-than-expected diamond production, sales and average prices for its first quarter of fiscal 2015.