Month: April 2019
Guyana Goldfields CEO to go as miner settles proxy fight with founder
A bitter battle for control of Canada’s Guyana Goldfields (TSX: GUY) between the miner and dissent shareholders led by founder and ousted chairman, Patrick Sheridan, has been finally settled this week, costing the company’s head his job. As part of...
Tower Resources starts exploration program at Nechako gold project in BC
Tower Resources (TSXV: TWR) announced this week that its team of geologists started an exploration program on the Nechako property, located in the western Canadian province of British Columbia. In a press release, Tower said the campaign will begin with...
A trashy alternative fuel is emerging deep inside coal country
In the heart of America’s coal country, a cavernous new recycling plant is turning trash into a fuel that burns cleaner than coal, using a first-in-the-nation process hailing from Europe. Just don’t call it a “replacement” for coal. “We like...
Vale shareholders push to loosen company control over board elections
Minority shareholders of Brazilian iron ore miner Vale SA have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company...
Cannabis mania mows down Canada’s junior mining sector
A burgeoning interest in Canada’s emerging cannabis sector, which spiked after recreational use of marijuana was legalized in October, is sucking investment capital away from the mining sector, and hitting juniors hardest, a new study shows. According to BDO’s Sherif...
North American Palladium expands Sunday Lake with best drill results
North American Palladium of Toronto has expanded the platinum group metals zone at the Sunday Lake property, 25 km northeast of Thunder Bay and 60 km south of NAP’s Lac des Iles mill. The current campaign is focused on a...
Coeur Mining’s shares hit on first quarter 2019 production and sales report
Shares in Coeur Mining (NYSE: CDE), the second largest primary silver producer in the US, took a 3.9% hit Thursday, after reporting that first quarter 2019 gold and silver production had decreased at three of its five mines. Friday’s gold and...
Premier Gold shares jump on high-grade discovery in Nevada
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday’s market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company’s market capitalization sits at C$345 million. In today’s press release, the company announced...
Australia's Newcrest Mining posts 8% rise in Q3 gold output
Australia’s Newcrest Mining Ltd on Tuesday reported a 8 percent rise in third-quarter gold output, but was lower than the preceding quarter, hurt by lower production at its flagship Cadia mine. The country’s largest independent gold miner’s total gold production...
Trump drive to boost fossil fuels hits a wall in federal courts
From easing regulations on coal mining to opening more federal land to oil drillers, President Donald Trump has kept a laser focus on bolstering the U.S. fossil fuel industry to achieve what he calls “energy dominance.” Time and time again,...
First Quantum surprises investors with early release of earnings
First Quantum Minerals Ltd. surprised the market by accidentally releasing its first-quarter results during the trading day. The Canadian miner fell as much as 3.4 percent after its first-quarter results were released at 1:44 p.m. during normal trading in Toronto,...
UK regulator drops big companies from responsible-payment list
Some of the U.K.’s biggest companies were dropped from the government’s list of responsible small-business customers on Monday, a decision that could undermine their ability to win state contracts. Five firms were removed from the Prompt Payment Code, an initiative...