TSX edges up, July 13-17
Canada’s benchmark index added 109.62 points, or 0.8%, to close the turbulent week at 14,642.84. The S&P/TSX Capped Diversified Metals & Mining Index plunged 6.8% to 614.32, while the S&P/TSX Global Gold Index fell 6.7% to…
Articles by Northern Miner Staff
Lake Shore steps into M&A fray with Temex bid
VANCOUVER — Ontario-focused Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) has been one of the better turnaround stories over the past year, and now the company is looking to grow further. Lake Shore is spending $25 million on…
Wall Street rises, July 13-17
Strong earnings reports and relief after the parliament in Greece voted for austerity measures lifted all three major indexes in the U.S. The Dow Jones Industrial Average gained 1.8% to finish at 18,086.45, the S&P 500 Index rose 2.4% to…
Callinex Mines attracts Resource Capital Funds
Max Porterfield, president and CEO of Callinex Mines (TSXV: CNX; US-OTC: CLLXF) thinks he’s got the projects, the people and soon, some of the money, to have a decent shot at making the next meaningful discovery in…
TSX Venture struggles as gold plummets, July 13-17
The S&P/TSX Venture Composite Index declined for a fourth week, as it closed down 1.9%, or 12.17 points, at 628.81 points. Markets were hit by falling commodity prices, while Statistics Canada reported that foreign investors reduced their…
Short Position Report
Short positions outstanding at July 15/15 (with changes from June 30/15).
TSX Venture tumbles, July 6-10
The S&P/TSX Venture Composite Index had a six-month low during the trading sessions, dropping 4.4%, or 29.60 points, before finishing at 640.98 points. Investors monitored the Greek debt crisis and Chinese stock market, while commodity…
Stars to realign for Largo in Brazil
Largo Resources (TSXV: LGO; US-OTC: LGORF) is keeping its 2015 guidance at the Maracas Menchen vanadium mine in Bahia, Brazil, despite the slower-than-expected ramp up.
Editorial: No silver bullet for cybercrime
At the end of June, Detour Gold reported that its IT systems had been subject to an “illegal breach” that resulted in confidential information being “accessed and disclosed by hackers.” The stolen information included…
Site visit: Taranis hopes to take Thor to the Max
REVELSTOKE, B.C. — Taranis Resources (TSXV: TRO; US-OTC: TNREF) is eyeing an option to buy 65% of FortyTwo Metals, a subsidiary of Roca Mines, in a move to secure the Max mill facility, 60 km southeast of Revelstoke, B.C.
Rio Tinto cuts emissions, boosts production at Kitimat
VANCOUVER — Mining giant Rio Tinto (NYSE: RIO; LSE: RIO) has produced the first aluminum cast from its 60-year-old Kitimat smelter in B.C. since its extensive, US$4.8-billion upgrade.
TSX drops, July 6-10
Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…