Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 22 2014Precious MetalsPrice…
Articles by Northern Miner Staff
Editorial: Diamonds a lodestar in Canadian mining firmament
While much of the global mining industry has been limping along under sagging commodities prices and looming oversupply, one of the brightest spots has been the Canadian diamond-mining industry, which has weathered its wild, rocky youth and…
Timmins Gold hits the right notes at San Francisco
VANCOUVER — Mexico-focused producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is riding positive momentum to start 2014 as the company exceeds analyst expectations and sets production records at its San Francisco gold–silver…
Weak met coal prices forces Walter to shutter BC mines
VANCOUVER — In 2011 the metallurgical coal market was hot. Chinese demand seemed insatiable and floods had disrupted Australian supplies, pushing prices as high as US$300 a tonne.
TSX nears six-year high before Easter, April 14-17
The Toronto stock market had a strong run heading into the Easter holiday, with the S&P/TSX Composite Index gaining 24 points to 14,500.39, nearing a six-year high on the back of positive Chinese and U.S. economic data.
GoldSource sees path to production in Guyana
VANCOUVER — Down markets can yield opportunity, and for junior GoldSource Mines (TSXV: GXS; US-OTC: GXSFF) that opportunity came in the form of a February merger with Guyana-focused explorer Eagle Mountain Gold (TSXV: Z).
Clifton Star refines Duparquet gold mine plan
VANCOUVER — Clifton Star Resources (TSXV: CFO; US-OTC: CFMSF) could turn its Duparquet project in Quebec into an open-pit gold mine for $394 million, according to a new prefeasibility study.
U.S. markets make up for previous losses, April 14-17
U.S. markets bounced back over the holiday shortened period after two straight periods of giving up ground. A modest surprise to the upside in China’s growth domestic product drove gains for the Dow Jones Industrial Average, which…
Venture quiet in run-up to Easter, April 14-17
The S&P/TSX Venture Composite Index was quiet during the four-day week before Easter. Two days of small gains overturned two days in the red, lifting the index 1 point to 998.77. Daily trading volumes averaged 66.8 million.
Metals Commentary: What’s behind molybdenum’s dramatic price response
Molybdenum prices in Europe have risen rapidly after the World Trade Organization (WTO) confirmed that the export duties and quotas imposed by China on molybdenum are incompatible with its WTO obligations. This report concludes a dispute…
Inmet alumnus Tilk to replace Doyle as PotashCorp CEO
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has surprised analysts by revealing that its long-time president and CEO Bill Doyle will be replaced in July by mining veteran Jochen Tilk, who apparently has no potash or fertilizer…
Sandstorm axes its diversified metals and energy arm
VANCOUVER — Sandstorm Gold (TSX: SSL, NYSE-MKT: SAND) president and CEO Nolan Watson says the calls from shareholders requesting he “clean up” sister company Sandstorm Metals & Energy (TSXV: SND, US-OTC: STTYF) have…