Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, March 11 2014Precious MetalsPrice…
Articles by Northern Miner Staff
TSX Venture bounces back, Mar. 3-7
The S&P/TSX Venture Composite Index returned to the black during the week, as it posted a 1.7%, or 17.6-point gain, en route to a 1,043.01-point weekly close. The political turmoil in the Ukraine is fuelling market volatility, with…
TSX posts gains, Mar. 3-7
Disappointing jobs data in Canada showing that the economy shed 7,000 jobs in February — leaving the country’s unemployment rate unchanged at 7% — were offset by news of stronger employment numbers in the U.S. The S&P/TSX…
Every hole a hit as Fission joins zones at PLS
VANCOUVER — Thirty-six holes into a 90-hole winter program, the five drill rigs at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) Patterson Lake South (PLS) project are batting 100% in their hunt for mineralization between the known…
Markets show signs of financing life
VANCOUVER — For three years the sector struggled through a dearth of financing and mergers and acquisitions (M&A) activity. Two months into 2014, it seems this year will be better: equity valuations are improving, M&A offers are…
Rob McEwen on gold, royalty companies and Argentina
In January 2013 Rob McEwen’s McEwen Mining (TSX: MUX; NYSE: MUX) opened its 100%-owned El Gallo 1 open-pit heap-leach mine in Mexico for $13 million. This year the mine is expected to produce 40,000 oz. gold at an average cash cost of…
Editorial: Korean trade deal helps Canadian coal, aluminum
The Canadian government presented another gift to Canada’s mining industry with the signing of a new free-trade agreement with mineral-hungry South Korea.
PDAC honours six industry leaders
The Prospectors & Developers Association of Canada (PDAC) held its annual awards gala during the PDAC 2014 convention in Toronto earlier this month. Six exemplars of excellence in the industry were recognized. The award recipients are…
Pilot, Nevada Sunrise jump on strong drill results
Shares in Pilot Gold (TSX: PLG; US-OTC: PLGTF) and Nevada Sunrise Gold (TSXV: NEV; US-OTC: NVSGF) got a welcome boost after solid drill results on their jointly held Kinsley Mountain gold project in Elko County, Nevada.
More exploration ahead for B2Gold in the Philippines
B2Gold (TSX: BTO; NYSE-MKT: BTG) will spend $6.2 million on exploration this year in the Philippines near its Masbate open-pit gold mine, and recent drill results suggest that the company may have a good shot at enhancing the mine’s…
Altan CEO gets creative to finance greenfield exploration
VANCOUVER — It has been a lean two years for mineral explorers, and Evan Jones has seen just how tough capital markets have been on juniors, having guided sister companies Altan Rio Minerals (TSXV: AMO) and Altan Nevada Minerals (TSXV:…
US stocks up on strong jobs data, March 3-7
U.S. equities ended the trading week in positive territory, lifted by strong jobs data. The Labor Department reported that U.S. employers created 175,000 jobs in February, above the expected 149,000 positions.