Exchange Rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 7 May 4 May 3 May 2 May 1 US$ in C 0.9953 0.9956 0.9968 0.9891 0.9839 …
Canada
Nunavut explorers fired up for 2012
Nunavut has been a tough place for gold companies of late, with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay gold project and Agnico-Eagle Mines (AEM-T, AEM-N) cutting years off its new Meadowbank gold mine in the face of cost overruns.
Commentary: Canadian miners’ ability to attract talent takes hit
The March 2012 federal budget in Canada sent shockwaves through the nation’s resource sectors when it announced the scheduled phase-out of the overseas employment tax credit (OETC) by 2016. Now, Canadian mining and metals companies…
Allana pumps up potash resource at Dallol
Toronto-based explorer Allana Potash (AAA-T) took a step closer to -releasing a bankable feasibility study on its Dallol potash project in Ethiopia when it released an updated resource estimate to kick off May.
Syncrude keeps on rolling
The Syncrude mine may not have been the first major oil operation in the Athabasca Oil Sands, but it was the second and it still stands as one of the region’s dominant oilsand projects.
Osisko misses the spot
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 by a temporary shutdown of the…
Aurizon lifts Q1 profits
Aurizon Mines (ARZ-T, AZK-X) boosts its first-quarter profit by 238% as it maintained production levels and benefited from higher gold prices.
Highgrade over short interval for BonTerra
BonTerra Resources (BTR-V) released an eye catching drill result that maybe isn’t as noteworthy as it seems at first blush.
[Update] Osisko shuts Malartic mill after fire
Osisko Mining (OSK-T) saw its shares initially drop after reporting a fire that broke out at its flagship Canadian Malartic gold operation in Quebec on Wednesday night.
B.C. pipeline debates rage on
VANCOUVER — The scale of the west coast pipelines debate is hard to understate. Current and former politicians from all levels of government have come out swinging for and against; lobbyists, First Nations and non-government groups have…
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.
Southern Pacific’s McKay: On time and under budget
While project costs are escalating for many companies in the oil sands, Southern Pacific Resources (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.