On Thursday, the Canadian stock market reversed initial losses to turn positive for the day — after losing 1.7% on Wednesday. Yesterday’s losses were primarily driven by the rising number of coronavirus cases in many U.S. states.Nonetheless, after opening on a slightly negative note, the S&P/TSX Composite Index was up by 0.5% this afternoon despite worse-than-expected U.S. unemploy...Read More
The stock market rebound since the March crash already wiped out many of the great 2020 deals. Despite the strong recovery, some stocks still remain cheap and could deliver massive gains for contrarian investors as the global economy recovers in 2021.Commodities playTech and biotech stocks are at new all-time highs. Commodity stocks, however, continue trade at discounted prices due to weak market...Read More
Secondary break trial at Cadia using MacLean's Auto Explosive Loader enabled with Orica's WebGen wireless technology Credit: Newcrest Newcrest Mining's Cadia Valley underground mine in New South Wales, Australia, has successfully tested new technology from MacLean Engineering and Orica in a 30-day trial. The site used remote drilling, loading and wireless blasting to remove the workers from...Read More
Pebble project in Alaska. Image courtesy of Northen Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM) has taken further steps in the Pebble project planning by announcing a low-cost energy sharing program in the Bristol Bay region of Alaska.On Thursday, the company's US-based subsidiary Pebble Partnership sent a request for proposal (RFP) process to advance planning for its plans to shar...Read More
Stornoway's Renard diamond mine, in north-central Quebec. (Image courtesy of Stornoway Diamond.) Stornoway Diamond announced Thursday that Patrick Godin and Annie Torkia Lagac?(C) will be stepping down from their respective positions as president and CEO and EVP, finance and corporate services, effective Friday June 26.Godin will be succeeded by Patrick S?(C)vigny, who joined Stornoway in 2015 a...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry. Share and get up to speed in a mining minute.This week's top stories:Barrick to begin layoffs in Papua New Guinea as lease dispute deepens - Read the story here.Chinese steel giant eyes Simandou - Read the story here. Three dead after attack on coltan mine in Congo - Read the story here. Tanzanian mi...Read More
Donlin Gold camp site, Alaska. Image: Novagold Novagold (TSX: NG) and its joint venture partner Barrick Gold (NYSE: GOLD, TSX: ABX) have reopened the Donlin camp in Alaska following a two-month due to the covid-19 pandemic.Four drill rigs have been remobilized at the project, Novagold says. The company anticipates that most of the planned program, aimed at confirming recent geologic modeling conc...Read More
The funds are being raised via a placement and share purchase plan at A72c per share, a 12.2% discount to the last closing price.Read More
I've probably watched more television over the past three months than I typically watch in a year.Before the pandemic, I spent most of my downtime at the gym, coffee shops, and bars that show the fights. But now, my gym is my garage, my coffee shop is my kitchen, and watching the fights by yourself is a bit depressing. And while I am reading a lot more now, I'm also watching a lot more televisi...Read More