Toronto Stock Exchange, Aug. 12-16
The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.
Articles by Northern Miner Staff
SilverCrest lifts its production forecast
SilverCrest Mines (TSXV: SVL; NYSE-MKT: SVLC) has revised upwards its full-year 2013 silver guidance after producing more silver than planned in the second quarter from its flagship Santa Elena silver-gold mine in Sonora, Mexico.
Azarga takes stake in Powertech
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 20, 2013Precious MetalsPrice…
Impact Silver finds success in measured growth
VANCOUVER — It is becoming exceedingly difficult to be a successful precious metals producer, but for juniors like Impact Silver (TSXV: IPT), these tough markets are an opportunity to show why fiscal restraint and measured growth are keys…
Allied Nevada disappoints with news from Hycroft
Shares of Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) took a tumble after the company announced a construction delay and unremarkable earnings.
After Endeavour’s Q2, analysts cut price targets
Endeavour Silver (TSX: EDR; NYSE: EXK) had a tough second quarter, with adjusted earnings plunging below analysts’ expectations due to lower gold and silver prices.
Editorial: Yukon – The downturn up here
WHITEHORSE, YUKON — After several scorching hot years of exploration, the Yukon has cooled off.
Letter to the editor: OTC Markets Group helps investors, regulators discern treasure from ‘trash’
I am writing in response to last week’s editorial, “Thoughts for your penny stock,” to correct some errors and misconceptions.
Making sense of copper’s perplexing price movements
In early August the price for copper hit US$3.04 per lb. and seemed to be heading into a tailspin. But after several days, the price stabilized and reached a US$3.32 high before closing at US$3.31 per lb. What is going on?
McEwen Mining’s record Q2, new optimism on Argentina
Even with an after-tax, non-cash impairment charge of US$123.6 million related to the decline in metal prices and potential costs associated with a 1% tax on economically viable mineral reserves in Argentina’s Santa Cruz province, McEwen…
First Majestic shares pop on second-quarter financials
VANCOUVER — Despite a steep drop in net income over the past three months, silver producer First Majestic Silver (TSX: FR; NYSE: AG) continues to impress investors. The company’s stock jumped 9.3%, or $1.26 per share, following news…