Resources & Agriculture

Baja directors quit en masse after claiming they were kept in the dark about a $246 million Mexican mine project cost overrun

The March 2012 federal budget sent shockwaves through Canada’s resource sectors when it announced the scheduled phase-out of the overseas employment tax credit (OETC) by 2016.

Vancouver gold junior changes face of a troubled industry

Run of River Power Inc . (TSX-V:ROR) reduced its net loss in 2011 by $4.4 million over 2010, according to the company’s annual financial report. The company, which builds run-of-river hydro power projects, recorded a $2.

Vancouver-based geological modelling and simulation company Gemcom Software International Inc. is the target of a friendly takeover by French “3D Experience Company” Dassault Systèmes .

Canfor Corp. (TSX:CFP) plans to spend $40 million to upgrade sawmills in the Kootenay region. The bulk of the investment – $38.5 million – will be made in a new planer plant at its Radium Hot Springs sawmill.

Goldcorp Inc . (TSX:G) had a solid first quarter despite some setbacks at one of its Canadian mines. The company reported adjusted net earnings for Q1 2012 of $404 million, compared with $392 million in Q2 2011 – $0.50 per share.

The BC Securities Commission is accusing the CEO and three directors of Canaco Resources Inc . (TSX-V:CAN) of approving stock options without publicly disclosing material information.

Teck Resources Ltd. (TSX:TCK) is sharing some of its wealth with shareholders with a dividend cheque, following a profitable first quarter. Teck announced that it will pay an eligible dividend of $0.

An explosion last night at the Lakeland Mills site in Prince George has killed one employee and hospitalized a further 24 workers, according to media reports. Owner Sinclar Group Forest Products Ltd. confirmed the disaster this morning.