BHP’s Spence mine strikes early labor deal with supervisors union

Rate of corporate defaults could be double historical average going back to 1920 says new study.

The Switzerland-based mining and energy giant lost $5 billion in 2015.

As a country, however, Canada is falling out of favour.

Combined output topped 30 million ounces in 2015.

Copper for delivery in three months slipped 0.2 percent to settle at $4,695 a metric ton ($2.13 a pound).

Here's what went wrong and how the impacts could have been minimal.

The country aims to have four mines in operation by 2018 producing gold, copper, zinc and potash.

The pair share observations from their recent travels and a short list of companies they are compiling to take advantage of a possible upswing in gold in all currencies.

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.