Gold miners weigh on TSX, March 24-28
Weaker gold prices and slumping tech stocks outweighed signs of an improving economy south of the border, and the S&P/TSX Composite Index fell 100 points to 14,178.84 points for the period.
Articles by Northern Miner Staff
TerraX Minerals explores for gold north of Giant mine in Yellowknife
A little over a year ago, TerraX Minerals (TSXV: TXR; US-OTC: TRXXF) acquired the Northbelt gold property, just north of the past-producing Giant mine and 15 km north of the city of Yellowknife in Canada’s Northwest Territories.
Wallbridge to put Broken Hammer into production
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is building an open-pit mine in April at its Broken Hammer copper–platinum group metal project in Sudbury, Ont., and says production should start in June. Total capex is $1 million.
Uranium Energy gets US$10M cash injection
Texas-based Uranium Energy (NYSE-MKT: UEC) has drawn down another US$10 million from its previously announced US$20-million credit facility, after its lenders agreed to defer the required principal payments by two years, providing the company…
Victoria Gold’s mission: Build Yukon’s first major gold mine
MAYO, YUKON — To prospectors, Yukon and gold are almost synonymous, an equivalence the territory earned by churning out 20 million oz. placer gold. It is odd to think, then, that Yukon has never been home to a significant hard-rock gold…
Fortuna Silver keeps the faith with future growth
While some analysts remain bullish on Fortuna Silver Mines (TSX: FVI; NYSE: FSM), the overall market doesn’t seem to agree.
Dow Jones rises and S&P 500 falls, March 24-28
Comments from Chinese Premier Li Keqiang that China would likely invest in infrastructure to bolster economic growth while the U.S. shows a strengthening economy — with consumer spending rising 0.3% in February after a 0.2% gain in…
Avnel’s new path for Kalana mine in Mali
VANCOUVER — When Avnel Gold Mining (TSX: AVK) bought the Kalana gold project in southwest Mali in 2002, its priority was getting the historic mine back into production, as required by the terms of the property deal. As a result Avnel has…
Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba
VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the…
The Crimean nickel effect
Where gold was once the key barometer for geopolitical bad news, lately nickel has been hogging the stage.
More strong results for Premier’s Hardrock
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is almost finished a 60,000-metre infill drilling program at its Hardrock deposit in the Geraldton–Beardmore district of northern Ontario, and it’s on track to incorporate the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 1, 2014Precious MetalsPrice…