Metals, mining and money markets
Spot prices Courtesy of Scotiabank Tuesday, September 16, 2014 Precious Metals Price (US$/oz.) Change Gold $1,238.75 -17.25 Silver $18.75 -0.25 Platinum $1,369.00 -26 Palladium $839.00 -42 Base…
Articles by Northern Miner Staff
Commentary: Securing uranium supply: Why the spot price is rising
For those who may not have been following the uranium sector, the spot price for uranium oxide has climbed more than US$3.50 per lb. in a matter of weeks. Recent events over the past year have woken utilities up to the fact that securing…
Ontario’s jackleg drilling champion crowned
This year’s North American Mining Expo in Sudbury featured a new attraction — the inaugural Ontario Jackleg Drilling Competition.
Bear Creek keeps Corani on track, reduces costs
As Bear Creek Mining (TSXV: BCM) works to produce an updated feasibility study for its flagship Corani silver–lead–zinc project in southern Peru by year-end, its efforts to reduce costs are already paying off.
Drilling prices ‘not sustainable’: Major Drilling
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements…
Juniors optimistic at the Precious Metals Summit
BEAVER CREEK, COLORADO — The fourth annual Precious Metals Summit, held at an exclusive ski resort in Beaver Creek, Colo., kicked off on Sept. 10, with more than 100 select juniors presenting over two days.
De Beers studies Victor extension as mine life wanes
With a mine life that ends in 2018, the ore is running out at Ontario’s only diamond mine — De Beers’ Victor mine, 90 km west of Attawapiskat.
Tamarack North delivers for Talon in Minnesota
Over the last two years, the management team at Talon Metals (TSX: TLO; US-OTC: TLOFF) looked at more than 700 projects before it found one that it believed could be a company-maker.
Editorial: In M&A, Canada goes for the gold
A healthy pace of mergers and acquisitions is usually a positive sign in any industry, and so the rebounding M&A scene in Canadian mining over the past few months is encouraging.
Commentary: Ring of Fire Sale
For anybody wondering what’s going to happen to Cliffs Natural Resources’ (NYSE: CLF) chromite discovery in Ontario’s Ring of Fire region, all they have to do is read Casablanca Capital’s dissident letter to shareholders…
Detour gets a handle on head grades, struggles with mill rates
VANCOUVER — Miner Detour Gold (TSX: DGC; US-OTC: DRGDF) had a mixed second quarter, as it reported higher-than-anticipated head grades at its wholly owned Detour Lake operation in northeastern Ontario, but ongoing ramp-up…
Sudbury Platinum advances Aer-Kidd
Privately held Sudbury Platinum, in which project-generator Transition Metals (TSXV: XTM; US-OTC: TNTMF) holds a 57% stake and Royal Nickel (TSX: RNX; US-OTC: RNKLF) a 23% interest, has acquired 100% ownership of the Aer-Kidd project, 20…