Gold Reach Resources (CVE:GRV) enjoyed a 15% lift in its stock price today on news that it has quadrupled its resource estimate at the company's Ootsa Lake property in British Columbia, about 120 kilometres south of Smithers.
Kinross Gold (K.TO) erased 19.46% of its value, with shares dropping to $10.65 a share on Tuesday, after it disclosed that it will take ". . . a material non-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine in connection with the 2010 Red Back acquisition."
CTV reports the business-savvy Haisla First Nation presents a complex challenge to backers of the $5.5 billion Gateway pipeline project that would stretch for 1,170km to Kitimat in northern British Columbia while the Financial Post explains why Kitimat may have already received all the infrastructure investment it could absorb.
The Globe and Mail reports that Canadian one- and two-dollar coins, known as "loonies" and "toonies", will this spring be made from steel, replacing the more expensive nickel they are currently made from:
BHP Billiton, which is developing the huge Jansen potash mine is Saskatchewan, says it will sell its potash independently and not through the Canadian potash marketing agency Canpotex.
Mark Hislop, editor of the Calgary Beacon, poses the question many in the oilsands are asking these days as the future of both the Keystone XL pipeline and the Northern Gateway project continue to lack certainty.