Lucara sells diamonds for $25M
Lucara Diamond (LUC-T) has raked in more revenue than expected from its first special diamond sale for its Karowe diamond mine in Botswana.
Articles by Northern Miner Staff
U.S. markets, May 20-24
For the first week since mid-April, U.S. stock indexes were dragged lower — driven down by worries that the Federal Reserve is planning to taper off its stimulus program and nagging concerns about growth in China. The Dow Jones…
Ivanplats advances projects in Copperbelt, Bushveld
Ivanplats’ (IVP-T) shares lost 7% after the company updated the market on its three large precious and base metal projects in Africa.
Terrorists strike Areva in Niger
Niger’s northern desert hosts world-class uranium deposits, but unfortunately it is also playing host to terrorists.
Solvista rises on long gold-copper intercept at Caramanta
VANCOUVER — The intercept returned a great set of numbers: 457 metres averaging 1.01 grams gold per tonne, 0.21% copper and 2.3 grams silver per tonne, starting at surface. For the team at Solvista Gold (SVV-V), however, the real buzz…
Q1 global gold demand buoyed by jewellery sales in China, India
The following is an edited excerpt from the World Gold Council’s summary of its report, Gold Demand Trends Q1 2013. The full report can be found at www.gold.org.
Centerra hits another roadblock at Kumtor
A swarm of protestors have blocked the only road leading to Centerra Gold’s (CG-T) Kumtor gold mine in Kyrgyzstan in a move to pressure the government to cancel the 2009 Kumtor agreement it signed with the miner.
Paladin waits for fundamentals to take hold
The supply and demand fundamentals arguing for a lift in the uranium price are plain to see, but the market remains moribund.
Another hill to climb for Copper Mountain
Operational issues at the Copper Mountain mine in B.C. are hounding Copper Mountain Mining (CUM-T).
Citibank calls the end of the Supercycle
A new report from Citi Research, a division of Citigroup Global Markets, says returns have peaked for the mining sector, and that this is the year that “the death bells ring for the commodity supercycle after its duly noted…
Toronto Stock Exchange, May 20-24
The Toronto Stock Exchange’s main index stayed in the green during the shortened week despite speculation that the U.S. Federal Reserve may slow down its monetary easing.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 28, 2013 Precious MetalsPrice…