Mining royalty firm Franco-Nevada announces new leadership plans

Mining royalty firm Franco-Nevada announces new leadership plans
TORONTO — Franco-Nevada Corp. has announced plans for a change in leadership at the gold-focused mining investment firm. The Toronto-based company says its CEO, David Harquail, who’s served in the role since 2007, will become the non-executive chairman of its board of directors as of next May’s annual general meeting. Paul Brink, current president and chief operating officer, will step into the role of... Read More

Osisko Gold Royalties and creditors sign deal to acquire Stornoway Diamond

Osisko Gold Royalties and creditors sign deal to acquire Stornoway Diamond
MONTREAL — Osisko Gold Royalties Ltd. has signed a deal to acquire Stornoway Diamond Corp. with the help of the mining company’s secured creditors. Under the terms of the agreement, Osisko and Stornoway secured creditors want to form an entity that will acquire the company and assume the debts and liabilities owing to the secured creditors as well as the... Read More

Foreign share of oilsands production falls from 33% to 16%, analysis shows

Foreign share of oilsands production falls from 33% to 16%, analysis shows
CALGARY — When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts. “I think Canada itself creates significant barriers to new investment,” said the president of Japan Canada Oil Sands Ltd. or JACOS, reached at his Calgary office. “Additional investment in Canada will... Read More

Mining sector helps boost stocks in Toronto while U.S. stock markets tick lower

Mining sector helps boost stocks in Toronto while U.S. stock markets tick lower
TORONTO — Mining stocks helped Canada’s main stock index head higher in late-morning trading, while U.S. stock markets lost ground. The S&P/TSX composite index was up 44.51 points at 16,143.30. In New York, the Dow Jones industrial average was down 26.05 points at 25,872.78. The S&P 500 index was down 3.25 points at 2,875.13, while the Nasdaq composite was down... Read More

Teck zinc production to take a hit after equipment failure at refinery

Teck zinc production to take a hit after equipment failure at refinery
VANCOUVER — Teck Resources Ltd. says zinc production will be less than expected after an electrical equipment failure on the weekend at its refinery in Trail, B.C. The company says the failure affected one of four rectifiers used in the zinc refinery. There were no injuries or environmental impacts related to the incident which occurred Sunday. Teck says repairs are... Read More

TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline

TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline
CALGARY — One of the last major hurdles for the Keystone XL crude oil pipeline was removed on Friday by the Nebraska Supreme Court which rejected an attempt by opponents to force the developer to reapply for state approval. The court upheld the decision of regulators who voted in November 2017 to green-light a route through the state. The court’s decision... Read More

Nebraska court upholds state’s approval of pipeline path

Nebraska court upholds state’s approval of pipeline path
LINCOLN, Neb. — Nebraska’s highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer to reapply for state approval. The Nebraska Supreme Court upheld the decision of regulators who voted in November 2017 to green-light a route... Read More

Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle, Increases Size of Program, Update on Justin Project, Yukon

Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle, Increases Size of Program, Update on Justin Project, Yukon
VANCOUVER – Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has received analytical results from the first shipment of drill core from the 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. Forrest Kerr Project, Golden Triangle, B.C., location map: https://www.abenresources.com/site/assets/files/4287/fk-003.jpg 5000+m has now been completed in 10 holes, with numerous sample shipments... Read More

TSX outperforms U.S. markets as gold hits US$1,500 for first time in six years

TSX outperforms U.S. markets as gold hits US$1,500 for first time in six years
TORONTO — Canada’s main stock index outperformed its U.S. counterparts as the price of gold surpassed US$1,500 an ounce for the first time in more than six years amid growing concerns about an economic slowdown. The S&P/TSX composite index closed up 115.73 points to 16,265.22. In New York, the S&P 500 was up 2.21 points to 2,883.98. The Dow Jones industrial... Read More