TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
Articles by Northern Miner Staff
Sibanye Gold dives headlong into platinum
In less than a month, South African miner Sibanye Gold (NYSE: SBGL) has announced two acquisitions that will make it a big player in the platinum market, and the fifth-largest PGM producer in the world.
Site Visit: Cupric’s ‘paradigm changer’ in the Kalahari
MAUN, BOTSWANA — When an all-star mining team with an ample exploration budget arrives in a supportive, mineral-rich jurisdiction, exciting transformations are bound to happen. Cupric Canyon Capital’s Khoemacau copper-silver…
Silver Institute: Coin demand forces five major mints to restrict supply
The following is an edited summary report from the Washington D.C.-based Silver Institute. For more information please visit www.silverinstitute.org.
Caterpillar launches major restructuring
Heavy equipment manufacturer Caterpillar (NYSE: CAT) will transform how its mining, customer and dealer divisions operate with an eye toward increasing efficiency and customer satisfaction.
TSX Venture edges higher, Oct. 9-15
The S&P/TSX Venture Composite Index rose 1.8%, or 9.67 points, to close at 556.71 points, as gold prices gained 2%, or US$24, before closing at US$1,181.3 per oz. gold.
Short Position Report
Short positions outstanding at Oct. 15/15 (with changes from Sept. 30/15).
Suncor goes hostile on Canadian Oil Sands
VANCOUVER — Low crude oil prices have driven market valuations in the energy industry to historic lows, and Suncor Energy (TSX: SU; NYSE: SU) is hoping to take advantage of the downcycle with a hostile bid for Canadian Oil Sands…
Site visit: Wellgreen eyes revival under new management
DESTRUCTION BAY, YUKON – Roughly 30 km southeast from the small settlement of Destruction Bay along the Alaska Highway, which traces the picturesque shores of Kluane Lake in southwestern Yukon, lies Wellgreen Platinum’s (TSX: WG;…
Scotiabank’s Mohr: Palladium ‘oversold’
Scotiabank economist and commodity specialist Patricia Mohr says palladium offers the greatest upside within the platinum group metals (PGMs) due to rising demand for car ownership in China and the central government’s wish to improve…
North American Palladium emphasizes performance at LDI
North American Palladium (TSX: PDL; US-OTC: PALDF) has let go 44 workers at its Lac des Îles (LDI) palladium mine near Thunder Bay, Ont., due to weaker metal prices and a reduced milling schedule.
Editorial: Navigating the new terrain of mine financing
In early October, The Northern Miner was privileged to play host to a roundtable discussion bringing together some of the heaviest hitters and nimblest minds on Bay and Howe streets to hash out the state of alternate finance methods in the…