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
Commentary: Coal down but not out
The following is an edited excerpt of a speech about the global outlook for coal by Dean Dalla Valle, president of BHP Billiton Coal, at the CEDA Energy and Resources series in Brisbane, Australia, where BHP has consolidated its metallurgical…
Why building a mine on budget is so rare
There is an established history of capital-cost overruns in the mining industry stretching back at least 50 years, mining analyst Christopher Haubrich told the Prospectors & Developers Association of Canada (PDAC) conference in Toronto in…
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…
PE firm Denham Capital takes people-first approach
Private equity firm Denham Capital has invested in four mining ventures in South America and Africa since 2008, and is close to signing a fifth deal, this one with a team in Australia.
Activist shareholder criticizes Sherritt International
A Halifax-based investment company that owns shares in Sherritt International (TSX: S) is calling for a change at the Toronto-based company, which it accuses of making “ill-considered acquisitions” and dishing out…
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…
Yamana to partner up with Osisko, outbids Goldcorp
Osisko Mining (TSX: OSK; US-OTC: OSKFF) has worked out a deal with Yamana Gold (TSX: YRI; NYSE: AUY) to retain control of its Quebec-based Canadian Malartic gold mine while trumping Goldcorp’s (TSX: G; NYSE: GG) hostile bid.
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…
Endeavour posts huge loss, but powers up for growth in 2014
Due to hefty impairment charges, West Africa-focused Endeavour Mining (TSX: EDV; US-OTC: EDVMF) reported a US$332.5-million net loss in 2013, or US81¢ per share, compared to a US$15.1-million loss in 2012 at US6¢ a share,.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 1, 2014Precious MetalsPrice…
Fission merges four zones with another ‘best ever’ hit
VANCOUVER — Fission Uranium (TSXV: FCU; US-OTC: FCUUF) has drilled the best intercept to date at its Patterson Lake South (PLS) project in Saskatchewan — again.