TSX Venture takes a step back, March 18-22
VANCOUVER — The S&P TSX Venture Composite Index managed to avoid a week in the red, with a positive showing on Friday limiting a 10.8 point or 0.97% loss en route to a 1,106.35 weekly close.
Articles by Northern Miner Staff
U.S. Markets move sideways for March 18-22 period
U.S. Markets were recovering at press time after a sluggish March 18-22 period. The dominant theme over the last week was troubled European nation of Cyprus, as the period ended with the fear that the island country would not be bailed out by…
Positive initial economics for Gold Canyon’s Springpole
VANCOUVER – For US$438 million Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into a profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
Despite loss, EMED CEO upbeat on Rio Tinto project
EMED Mining (EMD-T, EMED-L) posted a net loss in 2012 of 11.5 million Euros ($15.1 million), up from a loss of 9.7 million Euros in 2011. Of the loss last year, 6.8 million Euros were attributed to exploration and care and maintenance expenses…
TSX falls on Cyprus concerns, March 18-22
Toronto’s resource-heavy index retreated during the March 18–22 as concerns over Cyprus’ financial state dominated the week.
Silver Wheaton on the hunt following record year
VANCOUVER — A strong fourth quarter capped off another banner year for Vancouver-based streaming outfit Silver Wheaton (SLW-T, SLW-N). On March 21 the company reported record production and financial results during 2012, and…
One man’s talc is another man’s treasure
With large companies shedding assets to trim costs and juniors struggling to pay the bills—not to mention raise money—it’s probably safe to say that listing a new exploration company these days is not for the faint of…
Production keeps climbing for Fortuna
VANCOUVER – Record silver and gold production that beat its own guidance enabled Fortuna Silver Mines (FVI-T) to achieve record revenues in 2012, a feat that leaves the company well positioned to complete a planned expansion at its…
Mercator takes US$120M writedown on El Creston
Mercator Minerals (ML-T) had a difficult year in 2012 but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8 million write-down on its El Creston molybdenum-copper project in Mexico.
Aureus looks to put Liberia on the production map
Liberia is getting close to getting its first modern commercial gold mine.
Iron ore outlooks turn gloomy
VANCOUVER – Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RTP-N, RIO-L) recommendation from Neutral to Sell. The reason? More than 90% of the company’s 2012 earnings came from iron ore, a sector…
Patricia Mohr talks copper
Last month Scotiabank’s Vice President of Economics and Commodity Market Specialist, Patricia Mohr, received the 2012 Metal Bulletin Apex awards for the top gold and overall precious metals price forecasts. Mohr received top honors for her…