For those unfamiliar with french, Val d’Or translates as Valley of Gold. And it’s an appropriate name: the city grew up around two gold mines and mining remains the only significant game in town.
The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected.
The news comes two weeks after Taseko revealed it was considering restarting the molybdenum circuit at Gibraltar mine, which has been idled since the third quarter of 2015 due to low metal prices.