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The silver price took a hit this week on the back of a Greece-driven stock market rally. Companies active in the space include Teck Resources, which reportedly said it "could sell silver streams from its mines to increase liquidity."
06/25/15 - 01:30 AM EDT
In a tough market, it takes patience, grit and a bit of creativity for mining companies to survive. Integra Gold is certainly thinking outside the box with its latest venture. This week, the company announced that it will offer $1 million in prizes to those who help direct it to its next big gold find at its Sigma-Lamaque gold property in Val-d'Or Quebec.
06/25/15 - 02:00 AM EDT
In its latest Base Metals update, Cormark Securities upped its forecast for long term copper prices from $2.75 to $3 per pound, citing concerns over supply. While the firm admitted that it might seem counterintuitive to put in bullish predictions now, when copper prices are low and oversupply is apparent, but it argued that higher prices will be needed to sustain the industry within the next few years.
06/25/15 - 05:14 PM EDT
Imperial Metals has received an environmental permit for another project in the province. This month, the BC government announced that the company has received its environmental permit for Red Chris, making it the sixth mine to open in the province since June 2011.
06/25/15 - 11:50 PM EDT
Following recent reports regarding SQM's arbitration proceedings with Chile's CORFO, SQM came out with more of its own side of the story this week. SQM published a release regarding the "Main Points of the Arbitration Proceeding Between SQM and CORFO," reasserting that has fulfilled all obligations relating to its lease agreement and has no outstanding debt with the government agency.
06/25/15 - 11:55 PM EDT
China is moving in on the gold market. Last week, a Chinese bank was finally added to the LBMA gold price last week, and this week China revealed that it's looking at launching a yuan-denominated gold fix by the end of the year.
06/26/15 - 12:00 AM EDT
Once touted as the United States' answer to China's monopoly on the rare earths market, Molycorp, the only US-based rare earths producer, announced Thursday that it and its North American subsidiaries have filed for Chapter 11 bankruptcy.
06/26/15 - 01:45 AM EDT
PotashCorp confirmed that it has made a friendly proposal to negotiate terms to acquire Germany's K+S. The company does not intend to provide further comment on the matter until it is appropriate to do so, or until a formal agreement has been reached.
06/26/15 - 09:40 PM EDT
Here's a look at the 10 top copper-producing companies of 2014, as outlined in this year's Thomson Reuters GFMS Copper Survey. Codelco is in first place, and it's followed by Freeport-McMoRan and Glencore. Read on to find out the rest of the companies.
06/29/15 - 05:50 AM EDT
Here's a look at the 10 top uranium-producing countries of 2014, based on statistics from the World Nuclear Association. Kazakhstan took the top spot, and it's followed by Canada and Australia.
06/29/15 - 05:55 AM EDT
Golden Arrow Resources ended last week on a high note, announcing Friday the results of further drilling at its Argentina-based Chinchillas silver-lead-zinc deposit. It also announced a US$537,000 non-brokered private placement.
06/29/15 - 06:00 AM EDT
This past Friday, precious metals investors were waiting with bated breath to see how weekend Greek debt talks would go. Hopes were high that prices for gold and silver would be boosted, but thus far only small bumps have materialized.
06/29/15 - 09:30 PM EDT