Toronto Stock Exchange, Sept. 16-20
The U.S. Federal Reserve’s surprise announcement to maintain its stimulus program helped lift Toronto markets during the trading week.
Articles by Northern Miner Staff
Mexico’s mining tax causes concern
A proposed 7.5% mining tax on companies in Mexico and as much as 8% on those extracting precious metals is creating uncertainty in the industry about investing in a country that until now has been thought of as one of the world’s most…
U.S. markets, Sept. 16-20
The major U.S. indexes rose for the third week in a row — lifted by the U.S. Federal Reserve’s surprise decision on Sept. 18 to delay tapering its massive stimulus program. The Dow Jones Industrial Average advanced 0.50% to…
Rodinia Lithium gives up costly Nevada claims
When the Nevada office of the U.S. Bureau of Land Management raised its annual mining claim fees last year by 700%, from US$140 per claim to US$1,120 — at a time capital markets were even more challenging for miners — juniors like…
EMED says Rio Tinto is on track as CEO resigns
EMED Mining (TSX: EMD; LSE: EMED), which has been working for several years to satisfy the requirements of the Spanish government so that it can revive the past-producing Rio Tinto copper mine in Andalucia, says it expects to receive all…
Editorial: Lack of QE tapering backstops gold price
Mid-September has been a busy time for the gold market.
Commentary: Ned Goodman and the ‘Botox Economy,’ pt. 2
Ned Goodman, president and CEO of Dundee Corp., spoke about the perils of quantitative easing at the Toronto Resource Investment Conference on Sept. 12. He made the following remarks, as recorded by The Northern Miner, with part one having…
Donner on life-support after losing Bracemac-McLeod
Despite a valiant attempt to raise capital, Donner Metals (TSXV: DON; US-OTC: DONFF) defaulted on a payment owed to Glencore Xstrata (LSE: GLEN) and as a result handed over its 35% interest in the Bracemac-McLeod mine…
Torex tallies Media Luna resource in Guerrero
It’s been a busy few months in Mexico for Torex Gold Resources (TSX: TXG), which is advancing two projects on its Morelos property, a 290 sq. km landholding in Guerrero state.
Western phosphate producers look east for growth
AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…
Goldstrike hits gold in three zones at Plateau South
VANCOUVER — After just 10 weeks of exploration at the Plateau South project, it is starting to look like Goldstrike Resources (TSXV: GSR; US-OTC: APRAF) made a good choice when it dropped 23 other Yukon gold properties to focus on its…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 24, 2013Precious MetalsPrice…