TSX Venture stumbles, Oct. 22-26
VANCOUVER — The S&P TSX Venture Composite Index dropped 14.78 points or 1.1% during the Oct. 22-26 trading sessions before closing the week at 1,300.84 points.
Articles by Northern Miner Staff
Eldorado battles Q3 costs in China
Eldorado Gold (ELD-T, EGO-N) forecasts gold production this year from its operating mines in China, Turkey, Greece and Brazil will reach 660,000 ounces at cash operating costs of US$465 per oz.
TSX ends flat during Oct. 22-26 week
Toronto’s resource-heavy index had a lacklustre Oct. 22-26 trading week, where upbeat economic data from the U.S. failed to propel the markets.
U.S. equity markets tank, Oct. 22-26
GDP growth in the U.S. increased at an annual rate of 2% in the third quarter, up from 1.3% in the second quarter, but earnings disappointments from a slew of U.S. multinational companies, including Apple, and worries about slowing…
Four greats to enter Canadian Mining Hall of Fame
The Canadian Mining Hall of Fame will welcome four new inductees at its twenty-fifth annual induction dinner on Jan. 10, 2013, at the Fairmont Royal York Hotel in Toronto. The new inductees are Charles E. Fipke, Gerald W. Grandey, Pierre…
Market news
Toronto Stock Exchange
Canada Lithium to kick off production in 2013
Canada Lithium (CLQ-T) has raised its game with an updated feasibility study for its Quebec Lithium mine, showing the project is on track to start producing in 2013 and rake in better returns, triggering analysts to lift their price…
Fortuna’s 2012 looking good
Fortuna Silver Mines (FVI-T, FSM-N) says it is set to beat its full-year forecast, helped by record third-quarter production. The Vancouver-based firm is targeting 3.7 million oz. silver and 17,400 oz. gold this year, and by the end of…
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 23, 2012Precious MetalsPrice…
Corrections
In the article “Soltoro picks low-hanging fruit in Jalisco” (T.N.M., Oct. 22–28/12,) an investor was incorrectly identified as Soltoro’s vice-president of exploration in the photo caption on page 12.
Beaufield proves Chinese firms still interested in iron ore
The connection between slower growth in China and slumping commodity prices has been highlighted in the financial press over the last few months — but there are contrary signs to be found by astute investors.
ATAC finds more Carlin-style mineralization
ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type gold mineralization at its Pharaoh target in the Yukon. This find is the junior’s second gold discovery this year.