Mining, metals and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 22, 2014Precious MetalsPrice…
Articles by Northern Miner Staff
BCSC accuses analyst at Mt Kellett of improper insider trading
The B.C. Securities Commission is alleging that a Hong Kong-based analyst working for a global institutional investor in 2012 tipped his sister about information regarding a cost overrun that had not been publicly disclosed at Baja…
Lundin on track at Eagle in the UP, responds to acquisition speculation
VANCOUVER — Lundin Mining (TSX: LUN; US-OTC: LUNMF) looks to be on point at its newest acquisition, namely the Eagle nickel–copper mine, 45 km northwest of Marquette, Mich. The base metal miner picked up the asset from Rio…
Barrick finds Saudi partner for stalled Jabal Sayid project
VANCOUVER — Saudi Arabian Mining Co. is buying a 50% stake in the Jabal Sayid copper project from Barrick Gold (TSX: ABX; NYSE: ABX) for US$210 million.
Premier’s Hardrock grows in quantity and quality
Another 86,500 metres of drilling and a deeper Whittle shell using steeper pit walls has increased the size of Premier Gold Mines’ (TSX: PG; US-OTC: PIRGF) flagship Hardrock deposit in northern Ontario, the company says.
Commentary: Grassy Narrows decision burdens provinces
The Grassy Narrows decision from the Supreme Court of Canada on July 11 places a heavy legal burden on provincial governments when they seek to exploit Indigenous lands covered by the historical treaties of Canada. The challenge now is for…
TSX Venture loses ground for a second week, July 14-18
The S&P/TSX Venture Composite Index finished in the red for a second straight week after dropping 10.69 points en route to a 1,012.24-point close. Investors are monitoring geopolitical uncertainty in the Ukraine, as well as ongoing armed…
TSX gains despite geopolitical woes, July 14-18
The S&P/TSX Composite Index ended the week in positive territory, advancing 141.07 points to 15,266.57, as investors shrugged off war in the Middle East and Ukraine, and focused on corporate earnings. The S&P/TSX Capped Diversified…
Editorial: Barrick goes CEO-less, doubles down on presidents
Three months after Peter Munk’s retirement from Barrick Gold, we’re already getting a look at the post-Munk Barrick, and the picture is volatile and a little strange.
Ur-Energy confirms historic resource at Shirley Basin
Littleton, Colo.-based Ur-Energy (TSX: URE; NYSE-MKT: URG) has published a maiden resource estimate for its Shirley Basin uranium project in Wyoming’s Carbon County, indicating the deposit has 8.8 million lb. grading 0.23% eU3O8 in…
Short Position Report
TSX Short Positions Short positions outstanding at July 15/14 (with changes from June…
Frac sand 101: The grains explained
VANCOUVER — Horizontal drilling and fracturing technology have unlocked vast reservoirs of oil and gas from shale basins across North America. The continent hosts 67 billion barrels of technically recoverable shale oil and 1,238 trillion…