Energy stocks lead Toronto market higher as North American stocks bounce back

Energy stocks lead Toronto market higher as North American stocks bounce back
TORONTO — Energy stocks helped boost Canada’s main stock index higher in late-morning trading as North American stocks bounced back after taking a hit to start the week due to the escalating U.S.-China trade war. The S&P/TSX composite index was up 59.14 points at 16,252.55. In New York, the Dow Jones industrial average was up 242.41 points at 25,567.40. The... Read More

Just add water: Salt battery could help renewable energy use

Just add water: Salt battery could help renewable energy use
BERLIN — Amid the hum and heat of Berlin’s Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. Its silver pipes and vats contain a substance that Vattenfall, the plant’s operator, says could become a key ingredient for a fossil fuel-free future. The energy company, together with a Swedish start-up, is... Read More

Hudbay Minerals reaches settlement with investor on board composition

Hudbay Minerals reaches settlement with investor on board composition
TORONTO — Hudbay Minerals Inc. says it has reached a settlement agreement with an activist investor that wanted changes to company leadership. The Toronto-based miner says it has agreed with Waterton Global Resource Management on a slate of 11 board of director candidates for the company’s May 7 annual meeting. The slate includes seven incumbent directors, one Hudbay nominee, one shared nominee... Read More

Toronto stock market falls again while Nasdaq drops from high after Alphabet miss

Toronto stock market falls again while Nasdaq drops from high after Alphabet miss
TORONTO — Canada’s main stock index fell slightly for a second straight day while the Nasdaq dropped from Monday’s record high on a disappointing result from Google parent company Alphabet. The S&P/TSX composite index closed down 19.64 points at 16,580.73. In New York, the Dow Jones industrial average was up 38.52 points at 26,592.91. The S&P 500 index was up 2.80... Read More

Newmont Goldcorp suspends Penasquito operations due to local blockade

Newmont Goldcorp suspends Penasquito operations due to local blockade
VANCOUER, B.C. — Newmont Goldcorp Corp. says it will temporarily suspend operations at its only operating mine in Mexico because of a local blockade. The company says the Penasquito mine in Zacatecas will stay shut pending resolution of what it says is an illegal blockade started March 27 by a trucking contractor and some members of the Cedros community. It says... Read More

Sherritt shares plunge on earnings miss from low cobalt prices, Cuba issues

Sherritt shares plunge on earnings miss from low cobalt prices, Cuba issues
TORONTO — Shares of Sherritt International Corp. were down more than 15 per cent after the company reported disappointing earnings blamed on low cobalt prices and complications in Cuba. The Toronto-based miner reported a net loss of $61.8 million for the first quarter, compared with a net loss of $600,000 for the same quarter last year. On an adjusted basis, the company lost $54.9... Read More

Lucara Diamond finds another big diamond at Karowe mine in Botswana

Lucara Diamond finds another big diamond at Karowe mine in Botswana
VANCOUVER — Lucara Diamond Corp. says it has found a 1,758-carat diamond at its Karowe diamond mine located in Botswana. The company says it is one of the largest diamonds ever found and the largest diamond to be mined at Karowe so far. Lucara chief executive Eira Thomas says the Karowe mine has now produced two diamonds greater than 1,000... Read More