Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 22, 2013 Precious MetalsPrice…
Articles by Northern Miner Staff
TSX Venture Exchange, Oct. 15-18
The S&P/TSX Venture Composite Index bounced back during the shortened trading period, gaining 2.3%, or 21.60 points, en route to a 950.97-point weekly close. Markets were buoyed by a resolution in the U.S. debt negotiations, as well as…
Platinum Group Metals faces cash shortfall at WBJV1 project
Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) suffered a major blow late last week when Africa Wide Mineral Prospecting and Exploration announced that it would not be funding a US$21.8 million cash call for its 26% share of the WBJV1 platinum…
Drilling at Back River lifts Sabina
Shares of Sabina Gold & Silver (TSX: SBB) were up 7% in mid-day trading in Toronto after the Nunavut-focused junior released more infill drill results from the Umwelt deposit, part of its 100%-owned Back River project.
Uranium Energy signs US$7.1M financing
U.S.-based uranium miner and explorer Uranium Energy (NYSE-MKT: UEC) recently lined up a US$7.1 million financing to support the growth of its South Texas exploration projects, mainly the Burke Hollow in-situ recovery property in Bee County.
Fortuna releases maiden resource at Trinidad North
VANCOUVER — Shares of Mexico-focused producer Fortuna Silver Mines (TSX: FVI; NYSE: FSM) received a boost following news of a successful drill program at the company’s San Jose silver-gold mine in Oaxaca State, Mexico. On Oct. 17 Fortuna…
Thundermin and Rambler team up on Little Deer in Newfoundland
Thundermin Resources (TSX: THR) and Rambler Metals and Mining (TSXV: RAB; LSE-AIM: RMM) hope to bring Rambler’s expertise in bringing the past-producing Ming Ming copper-gold mine back into commercial production in northeastern…
Short Position Report
Short positions outstanding at Oct. 15/13 (with changes from Sept. 30/13).
Columbus cuts near-surface gold at Eastside
VANCOUVER — Shares of Nevada-focused explorer Columbus Gold (TSXV: CGT) were on the rise following the release of promising near-surface drill assays from its Eastside gold asset located 40 km due west of Tonopah, Nevada. The company’s…
Edgewater hit by permitting delays
VANCOUVER — Regulatory approval has become murkier for Vancouver-based junior Edgewater Exploration (TSXV: EDW) at its Corcoesto gold project in Galicia, Spain.
Timis’ African Minerals moves fast in Sierra Leone
African Minerals (LSE: AMI) has accomplished a lot in four years, moving its flagship Tonkolili iron ore project in Sierra Leone from exploration to production, and achieving its target export run rate of 20 million tonnes per year during the…
Platinum Group Metals hits milestone
After discovering the Waterberg deposit in South Africa in 2011, Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) has expanded the project’s inferred resource three times in just one year: from 6.2 million oz. platinum, palladium and gold…