Toronto Stock Exchange, May 27-31
The S&P/TSX Composite Index slipped during the trading week, losing 16.8 points to 12,650.42, as investors considered the bleak economic data coming out of Europe and the U.S.
Articles by Northern Miner Staff
Correction
The story “Geoscience B.C. lures stakers to North Vancouver Island” (T.N.M., June 3–9/13) incorrectly stated the mineral resource for NorthIsle Copper and Gold’s Hushamu deposit. In fact, Hushamu contains an indicated…
Commentary: Canada helps developing countries with responsible resource extraction
Today, Canada’s private-sector investments account for almost half of global mining activities in developing countries, and represent about 12% of Canada’s foreign direct investment. As an extractives industry success story, Canada…
Hudbay on schedule at Constancia despite rain
VANCOUVER — Operating in the Peruvian Andes can offer a range of challenges, not the least of which is a rainy season that usually runs from September through April. And heavy rains proved to be an issue for Canadian base metal producer…
New Gold eliminates Mesquite hedges for US$65.7 million
VANCOUVER — Vancouver-based producer New Gold (NGD-T, NGD-X) has suffered similar market devaluation to its peers in recent months, with its shares dropping 40% or $4.44 since early January as gold prices have declined. However, the…
PEA outlines Scorpio’s mine-expansion plans
VANCOUVER — Scorpio Mining (SPM-T) has faced more than a few challenges over the last year, starting with the need to downsize the resource at its Nuestra Senora deposit when mining revealed more geologic variations than expected. Soon…
Detour turns to equity markets as share price falls 65%
VANCOUVER — The soup has gotten a lot thinner for many companies in recent months, with falling metal prices and skittish investors driving equity valuations down across the board. And that reality set in for newly minted Canadian…
Northern Dynasty’s scuffle with the EPA continues
VANCOUVER — When it comes to media campaigns and social relations in the mining world, there might not be a more interesting case study than Northern Dynasty Minerals’ (NDM-T, NAK-N) ongoing defense of its large Pebble…
TSX Venture Exchange, May 27-31
The S&P/TSX Venture Composite Index continued to mount a bit of a rally during the trading sessions, posting a 14.09-point, or 1.5% increase, en route to a 962.41 weekly close. The index was boosted by stronger-than-expected economic…
New Gold sees opportunity in $310M Rainy River deal
VANCOUVER — With junior equity valuations falling, it’s a good time for larger-cap companies to do a little bargain hunting. And that’s the case for producer New Gold (NGD-T, NGD-X), which has launched a friendly $310-million…
Letter to the editor: Paper pressure keeping gold, silver down
In 1980 the physicals led paper gold and silver higher. Now 33 years later, the paper is leading the spiraling physicals lower.It was January 1980 when silver touched US$50 an oz. and was hovering in the US$40s. Henry Jarecki was the head of…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 4, 2013 Precious MetalsPrice…