The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.
Now that commodities are climbing out of a five-year-long trough, investors that shunned the junior mining sector are looking to get back in on the game.
Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.
Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project
Interest is spurred by the rebound in coal price, and by knowledge that steel mills in Asia are looking to diversify their coal import portfolios.
The deal involved US$150,000 in cash as a one-time advance royalty payment and US$850,000 in Gold Resource restricted common stock.
Kaminak became a prime takeover target in January after it announced a feasibility study on its high-grade Coffee gold project in the Yukon.
Alloycorp Mining Inc. (TSX-V: AVT), a junior miner that has been working on the reboot of a molybdenum mine in Kitsault, is going dark.
This year marks the fifth year B.C. mining has struggled through low commodity prices, and both capital spending and revenues continue to decline, according to a PwC report on the industry.
This reduction according to the Canadian Association of Petroleum Producers, is the largest two-year decline since the start of tracking this data in 1947.
While commodity prices fell 0.3% in February and 25% year-over-year, the second half of the month saw the beginning of a price rally that is expected to continue throughout 2016, according to Scotiabank’s commodity price index released March 29.
The country's western provinces, especially Alberta, would be most affected if low oil prices were to persist over the next seven years.
There’s no question Canada needs a small-cap venture venue that connects startups with the investment funds they need to survive and grow.
However, they acknowledge that there are no signposts yet in the market that suggest mineral prices will rebound soon.
All the stars seem to be lining up for a small Vancouver junior miner with a small but high-quality gold property in the Yukon.
The volume of water behind the dam has been rising and concerns had been raised in recent weeks about what could happen as snow melts and its capacity is exceeded.
Imperial began recording revenue from its Red Chris mine during the quarter after production commenced earlier in the year.
Peter Hall, chief economist of Export Development Canada, says it’s all about the end of quantitative easing.
Cloud Peak will make a series of payments to Westshore in lieu of its take-or-pay commitments — worth $454 million for 2016 to 2018 — to ship coal through the terminal.
A high-grade gold mine that Pretium Resources Inc. (TSX:PVG) plans to develop near Stewart, B.C. is generating a lot of buzz from mining analysts, at least one of whom thinks the company is a likely takeover target.
Stock markets in Canada and the United States fell sharply on the news that China had allowed the yuan to drop 2%.
This increase may be related to the shift in government’s attention toward LNG
It’s an issue that the Canadians for Tax Fairness and the Liberal Party of Canada appear to be hoping to make a federal election issue.
Frank Callaghan has won praise for his persistence, but critics question his expenditures (Second in a two-part feature on Barkerville Gold Mines)
Following last year’s resignation of founder and former CEO Frank Callaghan, the company brought in a new CEO – Tom Obradovich, a key player in Aurelian Resources Inc., which was acquired by Kinross Gold Corp. (TSX:K) – and is now trying to write a new chapter in the Barkerville saga.