Iamgold falls 15% on higher expected costs
Iamgold (IMG-T, IAG-N) shares crumbled as the gold producer estimated higher operating costs for 2013, causing analysts to cut their targets.
Articles by Northern Miner Staff
Endeavour Mining rises on West African promise and production
Strong production results and a promising preliminary economic assessment had Endeavour Mining (EDV-T) shareholders feeling the love.
Northern Freegold homes in on Nucleus
A new resource estimate outlining a higher-grade starter zone has put the Freegold Mountain project in prime position, as owner Northern Freegold Resources (NFR-V) finalizes the project’s first economic assessment.
Gold Reach: Lotsa gold and copper at Ootsa
Drilling continues to return long, mineralized intercepts from the West Seel zone at Gold Reach Resources’ (GRV-V) Ootsa property in northwest B.C.
Clifton Star hits PEA milestone at Duparquet
The way forward is coming into focus for junior explorer Clifton Star Resources (CFO-V) at its multi-million ounce Duparquet gold property in northwestern Quebec, 50 km by road north of the mining town of Rouyn-Noranda. The company has…
Fipke takes legal action to stop Ekati sale
Chuck Fipke, a minority shareholder in the Ekati joint venture, is trying to block BHP Billiton (BHP-N, BLT-L) from selling its majority interest in the Ekati diamond mine to Harry Winston Diamond (HW-T, HWD-N) for US$500 million.
Denison to buy explorer Fission
Denison Mines (DML-T, DNN-X) is staying true to its strategy of becoming a leading uranium explorer in the eastern Athabasca basin region of Saskatchewan by agreeing to acquire Fission Energy (FIS-V) for $70 million.
Market news: Toronto Stock Exchange
The S&P/TSX Composite Index was up 98 points to 12,725.09 points for the period.
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index took a breather this week after posting two consecutive periods of gains to start 2013, dropping 4.93 points, or 0.4%, en route to a 1,235.32-point close on Jan. 18.
Record production lifts Paladin
Uranium miner Paladin Energy (PDN-T) picked a good time to beat production estimates.
Market news: U.S. Markets
The S&P 500 Index touched a five-year high on the back of stronger housing and jobs numbers. Housing starts in December rose 12.1% — the biggest advance since June 2008 — while applications for unemployment benefits dropped to…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 22, 2013Precious MetalsPrice…