Hecla Mining announces dividend and share repurchase program on top of dismal Q1 results

Hecla's Q1 net income was off 71% to $12.4 million due to a production suspension at Lucky Friday Mine, increased exploration expenses and other one-time charges.

Michael Allan McCrae | May 8, 2012 | 5:20 pm

China gold imports up sharply, country set to become world’s biggest user of bullion

Gold imports to China from Hong Kong were up 59% in March, according to the Hong Kong Census and Statistics Department.

Michael Allan McCrae | May 8, 2012 | 4:42 pm

Tweet of the day about Canada minting its last penny

Video of the event was uploaded by Winnipeg Free Press.

Michael Allan McCrae | May 4, 2012 | 9:19 pm

Chemicals used in hydraulic fracturing must be released: U.S. Department of the Interior

Hydraulic fracturing companies must publicly disclose the chemicals they use, according to new regulations announced by the U.S. Department of the Interior.

Michael Allan McCrae | May 4, 2012 | 5:15 pm

Oil drops below US$100 on jobs data

A weak job's report weighed on oil, which dropped below $100, a first since February.

Michael Allan McCrae | May 4, 2012 | 4:54 pm

Trade halt issued for Focus Metals, graphite junior

Trading has been suspended for Focus Metals (CVE:FMS) pending a material announcement.

Michael Allan McCrae | May 4, 2012 | 4:20 pm

Canada mints its last penny on Friday

The Canadian penny will get a ministerial send off when the Federal Finance Minister Jim Flaherty will be on hand to watch the last minting.

Michael Allan McCrae | May 3, 2012 | 9:37 pm

Yamana’s Q1 net earnings up 15% to $170 million

Yamana Gold (TSX:YRI) announced that net earnings increased 15% to $170 million, $0.23 per share in first quarter of 2012.

Michael Allan McCrae | May 1, 2012 | 10:29 pm

Arch Coal’s Q1 plummets from $55.6 million a year ago to just $1.2 million

Blaming severe weakness in U.S. thermal coal markets, Arch Coal, Inc. (NYSE: ACI) today reported first quarter 2012 net income of $1.2 million, or $0.01 per diluted share, compared with net income of $55.6 million, or $0.34 per diluted share, in the prior-year period.

Michael Allan McCrae | May 1, 2012 | 6:40 pm

Children re-enacting dying fish will be dropped from Taseko’s environmental review

The Globe and Mail notes that rules for the second environmental review of Taseko Mine’s Prosperity project has been tightened up, and […]

Michael Allan McCrae | May 1, 2012 | 6:10 pm

No profit for you: BC NDP’s constitution raises red flags

The New Democratic Party of British Columbia, the province's likely next government if you look at the polls, seems to eschew profit in favour of redistribution.

Michael Allan McCrae | May 1, 2012 | 5:46 pm

Cameco gains 5% after strong quarter

Sales volumes were up 33% at Cameco, the world's largest uranium miner in Q1. Revenue increased 22% to $563 million and gross profit showed a gain of 31% to $178 million.

Michael Allan McCrae | May 1, 2012 | 4:17 pm

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