U.S. markets, Oct. 21-25
The Dow Jones Industrial Average climbed 170.63 points to 15,570.28, or 1.11%, and the S&P 500 rose 15.27 points to 1,759.77, or 0.88%. The Philadelphia Gold & Silver Index advanced 7.55 points to 99.72, or 8.19%.
Articles by Northern Miner Staff
Metals, mining and money markets
Spot prices Courtesy of Scotiabank Tuesday, October 29, 2013 Precious Metals Price (US$/oz.) Change Gold $1,346.75 35 Silver $22.31 0.25 Platinum $1,443.00 18 Palladium $741.00 -4 Base…
Northern Vertex mines Moss
BULLHEAD CITY, ARIZONA — Sometimes an old project just needs a new perspective. For the Moss gold-silver mine project in northwestern Arizona, that new perspective arrived two and a half years ago when Northern Vertex Mining (TSXV: NEE)…
Commentary: Social license – addressing deeper issues boosts the odds of success
Publicly stated arguments are often what’s only on the surface of conflicts over natural-resource developments — underlying geopolitical issues and hidden agendas can also be at play. I have come across this on a number of projects…
Mongolia confounds investors
The mining sector makes up 20% of Mongolia’s gross domestic product (GDP), 40% of its budget income, 85% of its investment and 90% of its exports, but the uncertainty that permeates everything from the security of mineral tenure and…
Real tears of joy for Crocodile
Crocodile Gold (TSX: CRK; US-OTC: CROCF) investors are soaking up the good news. The Toronto-based miner boosted its 2013 production guidance on the back of higher-than-expected gold production in the third quarter. Given consistent output…
Asanko gets the cash for Esaase
Asanko Gold (TSX: AKG) has taken a major step towards turning its Esaase gold project in Ghana into a mine.
B2Gold makes all-share offer for Volta Resources
VANCOUVER — Shares of Volta Resources (TSE: VTR) doubled on Oct. 28, after the tabling of a friendly, all-share bid from diversified producer B2Gold (TSX: BTO; NYSE-MKT: BTG) values the junior gold explorer at US$63 million.
Brigus Gold could extend mine life at Black Fox
Orebodies in the Timmins camp of Ontario often surpass depths of 1,000 metres, so investors in Brigus Gold (TSX: BRD; NYSE-MKT: BRD) cheered when they heard that a downdip test hole drilled from the underground at the company’s Black Fox…
Lydian rebounds on heap leach approval
VANCOUVER — Shares in Lydian International (TSX: LYD) surged 25% on news that the Armenian government had approved a new location for the heap-leach facility at the compnany’s proposed Amulsar gold mine in the country,…
‘Unprecedented’ hit at Flatreef PGM deposit
A 90-metre intersection of 4.51 grams per tonne of platinum, palladium, rhodium and gold — plus 0.37% nickel and 0.20% copper — at Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Flatreef deposit in South Africa has reignited talk of…
Adapt, survive, Excellon style
Surviving tough times in the mining cycle requires adaptability, and if an investor is looking for an example, they need not look further than Excellon Resources (TSX: EXN; US-OTC: EXLLF).