TSX Venture takes a tumble, Nov. 12-16
VANCOUVER — The S&P TSX Venture Composite Index declined in tandem with broader market sentiment during the Nov. 12-16 trading sessions, falling 5% or 65 points before closing the week at 1,235.34 points.
Articles by Northern Miner Staff
TSX falls as global situation weighs on investors
The TSX Composite Index fell 342 points to 11,877.72 in the Nov. 12-16 period as investors continued to focus on a series of tough global issues.
U.S. markets tremble, Nov. 12-16
Mounting concern about Washington’s ability to avoid the fiscal cliff, or mandated tax hikes and spending cuts that could send the economy back into recession, drove markets lower. The Dow Jones Industrial Index fell 1.8% or 227.08 points…
Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit thanks to lower gold production and sales.
Fasken Martineau merges with Bell Dewar
Canadian law firm Fasken Martineau is merging with Johannesburg-based Bell Dewar.
Magellan’s bright outlook at Coringa
Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) of its Coringa gold deposit in Brazil’s Tapajos province. It concludes that strong economics justify moving the project to the feasibility stage, with a…
Paladin wields the axe
Pure-play uranium miner Paladin Energy (PDN-T) has unveiled a plan it says will trim costs by US$60 million to US$80 million over the next two years.
Metals, mining and money markets
Spot prices
Centerra’s Atkinson shows the way at Kumtor
Despite weak earnings due to a seven-week shutdown at its flagship Kumtor gold mine, 60 km south of the Chinese border in the Kyrgyz Republic, Toronto-based Centerra Gold (CG-T) has two big reasons to celebrate its third-quarter results: it has…
Bidgood results out ahead of good bid
Shortly before receiving a takeover offer from Osisko Mining (OSK-T), Queenston Mining (QMI-T) released some positive drill results from its Bidgood gold project in Kirkland Lake, Ontario.
Osisko to acquire Queenston
It’s not easy these days for chief executives and their boards to strike a balance between shareholders who scream for growth and those who demand consistent free cash flow and higher dividends.
Andina jumps on Hochschild’s $103M takeover bid
Shares of Toronto-based junior Andina Minerals (ADM-V) have nearly doubled, as it has agreed to a $130-million, all-cash takeover by Peru-based precious metals producer Hochschild Mining (HOC-L).