Study ups production rate at Seabridge's $5.5 billion gold-copper project in BC by nearly a third, pushing per ounce operating costs into negative territory.
The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.
Incident highlights operational and reputational risks faced by companies operating in the extractive sector in underdeveloped parts of central and eastern India, says expert.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.