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Oct 25, 2012

Goldcorp profit beats on strong precious metal sales

TORONTO (Reuters) – Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz), the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

On an adjusted basis, profit slipped but still handily beat analysts’ expectations, sending its shares up more than 5 percent on the Toronto Stock Exchange.

Oct 25, 2012

Canada province probes complaint over China workers

Oct 24 (Reuters) – British Columbia authorities said on
Wednesday they are investigating complaints by a labor group
that local mining jobs are being advertised in China by
recruiters in exchange for hefty recruitment fees.

The investigation stems from accusations by the B.C.
Federation of Labor that recruitment firms in China are charging
as much as C$12,500 (US$12,600) in fees to find temporary jobs
for Chinese laborers at a mining development in the province
owned by HD Mining International Ltd.

Oct 5, 2012

Miners pressured as uncertainty sours uranium market

TORONTO, Oct 5 (Reuters) – Eighteen months after the
Fukushima nuclear meltdown, the spot price for uranium hit a
two-year low this week, putting the squeeze on the already
depressed shares of uranium miners.

With a looming election keeping Japan from making a decision
on how much, if any, of its nuclear reactor fleet it will keep,
and slowing growth in China weighing on the broader resource
sector, it will likely be months before uranium prices start
moving back toward pre-Fukushima levels.

Oct 3, 2012

Plot thickens as Quebec police seize cache of maple syrup

TORONTO (Reuters) – Canadian police may have caught a break in the sweetest crime of the year, seizing thousands of gallons of maple syrup from an exporter on suspicions that it was part of a cache of syrup that went missing from a Quebec warehouse in late August.

Quebec provincial police removed about 1,000 barrels, or 600,000 pounds, of maple syrup from S.K. Export Inc’s storage facility in Kedgwick in the neighboring province of New Brunswick, according to the company’s owner, Etienne St-Pierre.

Sep 16, 2012

“Silver Linings Playbook” wins top prize at Toronto fest

TORONTO (Reuters) – “Silver Linings Playbook,” a dramatic comedy about a man who returns to his family home after eight months in a mental institution, won the top prize at the Toronto International Film Festival on Sunday.

The film, by “The Fighter” director David O. Russell and starring Bradley Cooper and Jennifer Lawrence, took home the BlackBerry People’s Choice award for best film at the 37th edition of the festival.

Sep 14, 2012

Documentaries generate buzz at Toronto film festival

TORONTO (Reuters) – Documentaries are making waves at the Toronto film festival, exploring subjects ranging from abuse in the Catholic Church to brutal massacres in Indonesia, often in novel ways.

For the first time ever in Toronto, two non-music based documentaries were given the star treatment at the festival, with gala screenings of Liz Garbus’ “Love, Marilyn” about Marilyn Monroe and Shola Lynch’s “Free Angela and All Political Prisoners” about U.S. civil rights activist Angela Davis.

Sep 12, 2012

Middle East crisis in spotlight at Toronto film fest

TORONTO (Reuters) – The Palestinian-Israeli conflict has taken a backseat in recent days to the Arab Spring, but at the Toronto International Film Festival an unusually high number of films shine fresh light on the decades-long conflict.

Dramas like “The Attack” and “Out in the Dark” explore the human side of the strife, while documentaries such as “State 194″ and “The Gatekeepers” offer insight into the politics behind the conflict through interviews with top political and security players.

Sep 11, 2012

Dustin Hoffman gets kudos for film directing debut in “Quartet”

TORONTO (Reuters) – At the age of 75, Dustin Hoffman has finally made the leap from acting to directing with “Quartet,” a pitch-perfect comedy that charmed critics and audiences alike at the Toronto Film Festival.

Shot in the British countryside, the film centers on a trio of retired opera singers happily living out their sunset years in an idyllic care home for aging musicians.

Sep 10, 2012

Complex film ‘Cloud Atlas’ divides in leap from page to screen

TORONTO, Sept 9 (Reuters) – Cult novel “Cloud Atlas” was
once considered unfilmable. For some movie critics, it still is.

The adaptation of the philosophical book by Britain’s David
Mitchell premiered at the Toronto International Film Festival
to sharply divided reviews, suggesting the complex storylines
and ambitious plot structure did not always connect with
audiences who had not read the novel.

Aug 2, 2012

Molycorp posts loss as prices sag, eyes financing

By Julie Gordon

(Reuters) – Molycorp Inc (MCP.N: Quote, Profile, Research, Stock Buzz) posted a loss on Thursday after rare earth prices continued to sag in the second quarter and said slumping cash flow would force it to secure more financing to fund 2012 capital spending, sending the miner’s shares tumbling.

Molycorp, the biggest rare earth producer outside of China, is in the midst of an $895 million expansion and modernization at its Mountain Pass mine in California. It is set to spend $289 million over the remainder of the year on the project.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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