Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Articles by Northern Miner Staff
Slower, lower, weaker at Olympic Dam
The beleaguered uranium subsector got a bit of an indirect boost in late August. The world’s biggest miner, BHP Billiton, declared as part of its year-end results that the 800-pound radioactive gorilla in the room — a planned…
Letters to the editor: Barkerville article ‘disturbing’
We have been very long-time subscribers of your newspaper as a source of factually correct information in the mining industry. We want to draw your attention to some serious errors found in your article, “Barkerville in the doghouse with…
Plus a change: a trip down memory lane with Frank Callaghan’s International Wayside at Cariboo
With all the hullabaloo swirling around Barkerville Gold Mines (BGM-V) and the new resource estimate for its Cow Mountain gold deposit in central B.C. that has led to a trading halt imposed on the stock by the B.C. Securities Commission…
Short position reports
TSX Short Positions Short positions outstanding at Aug 15/12 (with changes from July…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Sabina Gold & Silver makes progress in Nunavut
Drill results from Sabina Gold & Silver’s (SBB-T, SGSVF-O) Back River project in southwestern Nunavut — 520 km northeast of Yellowknife, and 50 km southeast of Xstrata Zinc’s Hackett River silver-zinc project —…
Brazilian Gold gets first resource at Boa Vista
It didn’t take long for Brazilian Gold (BGC-V) to get a resource on its recently discovered VG1 deposit in Brazil.
Orezone trumpets 5M oz. gold deposit
Three months after finalizing a US$27-million deal with Cluff Gold (CFG-T) for its Sega gold project in Burkina Faso, Ottawa-based explorer Orezone Gold (ORE-T) looks to have another West African success story on its hands, with a world-class…
Surprise Molycorp financing hits share price
Shares of Molycorp (MCP-N) plunged 7.5% to US$11.16 per share — a 52-week low — on the day the U.S.-based rare earth company said it would raise US$450 million in convertible senior notes and common equity.
Puma hunts high-grade silver in New Brunswick
In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Rimouski, Que., based…
Saskatchewan potash developers pull in their horns
Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in Saskatchewan’s…