U.S. markets, Jan. 13-17
The story south of the border was a bit of a mixed bag as investors bought on positive earnings reports and rising industrial production, but sold on a decline in housing starts.
Articles by Northern Miner Staff
Editorial: Shockwaves from Indonesia’s unprocessed minerals export ban
The crisis for miners in Indonesia that quietly built up over late December has exploded in the new year, as miners active there grapple with sweeping new restrictions on exports of raw concentrates from the country.
Short Position Report
Short positions outstanding on Jan. 15/14 (with changes from Dec. 31/13).
Paladin looks to wait out uranium slump with refinancing
Uranium prices are continuing to languish three years after the Fukushima meltdown, but Paladin Energy (TSX: PDN) is attempting to put itself in a better position to weather the prolonged slump.
Platinum Group Metals raises $175M
Shares of Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) got a boost on the final trading day of 2013 after the company announced that it had completed a $175-million equity raise at $1.18 per share.
ITH names new CEO, cuts staff to lower costs
Vancouver-based International Tower Hill Mines (TSX: ITH; NYSE-MKT: THM) is shuffling its senior management while trimming its workforce, to conserve cash while advancing its rather expensive Livengood gold project near Fairbanks,…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 14, 2014 Precious MetalsPrice…
Editorial: Takeover bids, real and imagined
It’s been a tough couple of years for the gold-mining industry, so some much-needed comic relief came along at just the right time in mid-January in the form of a purported unsolicited, all-cash, $7.50-per-share bid for U.S. gold miner…
U.S. markets, Jan. 6-10
The first trading week of 2014 saw the Dow Jones Industrial Average slide 0.02% to 16,437.05, the S&P 500 inch up 0.60% to 1,842.37 and the Philadelphia Gold & Silver Index rise 0.49% to 87.05. Weaker-than-expected jobs data dampened…
Toronto Stock Exchange, Jan. 6-10
Canada’s benchmark index gained during the week, as prices of gold and other commodities rose following poor North American jobs data.
Goldcorp offers $2.6B in cash and shares for Osisko
Goldcorp (TSX: G; NYSE: GG) is launching a hostile $2.6-billion takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to acquire the smaller rival’s Canadian Malartic gold mine in Quebec, with many analysts arguing the…
Lucara reports major increase in Karowe resource valuation
VANCOUVER — Lucara Diamond (TSX: LUC; TSXV: LUC; US-OTC: LUCRF) has made headlines over the past year with the size and quality of stones it has unearthed at its Karowe mine in Botswana’s Orapa–Letlhakane kimberlite…