Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Canada
Supplier news
Geotech buys Aeroquest
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 14 May 11 May 10 May 9 May 8 US$ in C 1.0019 0.9968 1.0017 1.0015 0.9997 …
Osisko faces delays, output revision at Malartic
Osisko Mining (OSK-T) had a rough start as it kicked off its first full year at the Malartic gold operation near Val-d’Or, Que., with operational setbacks impacting first-quarter performance, coupled with the mill’s temporary…
Torex hits open-pit target at Morelos
Toronto-based Torex Gold (TXG-T) is navigating the often tricky waters that mark the transition between being an exploration outfit and a mine developer. With an updated resource estimate kicking off in May and a bankable feasibility study…
Sunridge mine plan merges Asmara North deposits
Vancouver-based junior Sunridge Gold (SGC-V) combined four polymetallic deposits at its Asmara North project in central Eritrea, Africa, into a centralized-mill mine model for a feasibility study it released in early May.
Letter to the Editor: CSR counsellor should be applauded
An editorial in The Northern Miner criticized Canada’s Extractive Sector Corporate Social Responsibility (CSR) counsellor, Marketa Evans, for “shooting another blank” in reference to the office’s second case, involving…
Commentary: Time for Canadian miners to import US outreach tactics
There has been a paradigm shift in public activism in Canada and growing hostility towards mining, and dogmatic opposition by environmentalists and social action groups towards virtually all mining and energy projects. This new dynamic is…
BC pipeline debates rage on
The scale of the West Coast pipelines debate is hard to play down. Current and former politicians from all government levels have come out swinging for and against: lobbyists, First Nations and non-government groups have fully entered the fray,…
Suncor’s diversity overpowers lower Canadian crude prices
Canadian oilsands juggernaut Suncor Energy (SU-T, SU-N) beat analysts’ estimates and strengthened its cash position during the first quarter, as the company’s strategic integration of refining facilities offset a price divide…
Canadian Natural advances Horizon
Canadian Natural Resources(CNQ-T) has big plans for its Horizon oilsands project, located north of Fort McMurray, Alta., in the Athabasca region.
Syncrude keeps on rolling
The Syncrude mine may not have been the first major oil operation in the Athabasca oilsands, but it was the second — and now it stands as one of the region’s dominant oilsand projects.