Short Position Report
Short positions outstanding on May 15/13 (with changes from Apr. 30/13).
Articles by Northern Miner Staff
UPDATE2: Grasberg tunnel collapse kills 28
Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
Toronto Stock Exchange, May 13-17
The S&P/TSX Composite Index rode an up-and-down period and came out ahead, as it gained 41 points to 12,613.12, largely on sentiment that the U.S. economy is recovering.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 20, 2013 Precious MetalsPrice…
Juniors like Coro face tough choices
Difficult markets and strained balance sheets are dogging junior mining companies across the industry, forcing them to make some hard decisions about how to manage their assets.
Cameco fires ups third ISR uranium mine in US
The North Butte in-situ uranium mine in Wyoming has started initial production as a satellite facility for Cameco’s (CCO-T, CCJ-N) Smith Ranch-Highland in-situ mine.
North American Palladium disappoints, gets punished
North American Palladium (PDL-T, PAL-N) failed to impress with its latest quarterly results, and, given the prevailing bearish sentiment towards mining stocks, the company’s shares felt the full weight of the market’s…
Feds join miners, universities to improve exploration success
The Canadian government is joining more than 24 mining companies and 17 Canadian universities to launch a collaborative research project to improve exploration techniques in the mining industry.
TSX Venture Exchange, May 13-17
The S&P/TSX Venture Composite Index dropped 3.3% — or 32.05 points during the period — with falling precious metal prices and a weaker Canadian dollar weighing on the market. Upbeat signs from the U.S. provided a late boost…
Editorial: Clash of the Titans
Canadians trying to make sense of what’s going on in the upper echelons of the newly merged Glencore Xstrata are getting a feel of what it must have been like to be an ancient Greek peasant looking up at his distant panoply of…
Suncor cancels Voyageur upgrader
It’s not just companies mining metals that are tightening their belts and concentrating on capital allocation discipline.
Drilling returns more silver and gold at Fortuna’s mines
VANCOUVER — Gold and silver prices struggled in April, which meant most precious metal producers saw their share prices slide. For Fortuna Silver Mines (FVI-T, FSM-N), however, a slumping share price belies strong financials and promising…