According to a paper in Resources Policy, such compensation packages actively encourage managers to cut costs and increase production regardless of the risks associated with those decisions.
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Cross-border concerns about mineral exploration and logging in British Columbia’s Skagit River watershed may put a long-simmering campaign to close a hole in the middle of two provincial parks back on the front burner.
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Investors ‘flabbergasted’ at $1.1b stake taken in Red Chris mine by Australia’s Newcrest.
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The bank has upgraded Imperial Metals to a neutral rating from underperformer and lifted its 12-18 month target price on the stock.
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Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
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For the full year, the company produced 75.3 million lb. of copper and 79,056 oz. of gold.
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The company said there will be no impact to the mine’s ongoing environmental monitoring and remediation program.
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