Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 23, 2013Precious MetalsPrice…
Articles by Northern Miner Staff
Commentary: After the aluminum rush: restoring the Amazon rainforest
Can the degraded land of the Amazon rainforest be salvaged by large-scale landscape restoration? Is it really possible to rebuild ecological integrity and enhance the lives of local communities in a sustainable way?
Hanlong reneges on Sundance deal
VANCOUVER — Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners, but…
Barrick investors revolt against $11.9M bonus
In the last year Barrick Gold (ABX-T, ABX-N) has announced a multi-billion dollar overrun at its flagship development project in Chile, taken a $3.8-billion charge on a highly criticized acquisition, changed its chief executive officer and seen…
Agnico buys into Kootenay
For the second time this month Agnico-Eagle Mines (AEM-T, AEM-N) has taken a strategic stake in a junior exploration company with promising assets.
Short Position Report
Short positions outstanding at Apr. 15/13 (with changes from Mar. 31/13).
Commentary: After the aluminum rush – restoring the Amazon rainforest
Can the degraded land of the Amazon rainforest be salvaged by large scale landscape restoration? Is it really possible to rebuild ecological integrity and enhance the lives of local communities in a sustainable way?
TSX Venture takes a tumble, Apr. 15-19
VANCOUVER — The S&P TSX Venture Composite Index continued its downward spiral during the Apr. 15-19 trading period, as struggling commodity prices and a gloomier global outlook from the International Monetary Fund (IMF) contributed to…
TSX moves sideways as commodities falter, Apr. 15-19
Despite a historic fall in the gold price and weakness in commodities, the TSX Composite Index managed to claw its way to a 4 point gain, finishing the April 15-19 period at 12,065.55 points.
Tough times for U.S. equities, Apr. 15-19
U.S. stocks kicked off the Apr. 15-19 trading week on Monday by posting their worst day since Nov. 7, 2012 (the day after the U.S. presidential election) with the Boston bombings, lower-than-expected Chinese GDP growth in the first three months…
Costs climb, commissioning delayed at Legacy potash mine
VANCOUVER – News of a 26% capital cost increase and six-month start-up delay at the Legacy potash mine in Saskatchewan drove owner K+S AG’s share price to a five-month low, but the German company remains confident the project offers…
San Gold aims to become cash positive in late 2013
San Gold (SGR-T) is striving to improve its performance while battling unfavourable market conditions and declining gold prices by re-focusing on profitability rather than on growth like many of its peers and seniors these days.