US stocks move up during Aug 6-10 week
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the August 6-10 trading week at 13,207.95.
Articles by Northern Miner Staff
TSX rises as investor’s expect future growth
The TSX Composite Index was up 127 points to 11,841.98 for the holiday shortened Aug. 7-10 period after beginning the period on a tear as it caught up to U.S. markets.
Russian billionaire aims for full control of High River Gold
In a story that reads somewhat like a 1980s spy novel, Russian gold miner Nord Gold, the nation’s third-largest gold producer, looks poised to finally gain full control of Toronto-based producer High River Gold Mines (HRG-T). What makes…
Editorial: Hecla’s one that got away
There was a time, not very long ago, when M&A activity sent shareholders’ pulses racing with excitement. Those were the days. The latest battle between RX Gold & Silver and Hecla Mining over U.S. Silver and its prized silver…
Metals commentary: Getting ahead of the uranium curve
Compelling supply-demand fundamentals and near-term industry catalysts will spark a recovery in uranium prices and equity prices, David Sadowski of Raymond James argues in a weighty new report running 86 pages. The Vancouver-based mining…
Search for deep-sea treasure intensifying
ng harder to find and even harder to put into production owing to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of riches.Nautilus Minerals (NUS-T) has been at the…
Toronto Stock Exchange
he S&P/TSX Composite Index was off 101 points to 11,662.59 for the period after the European Central Bank disappointed investors. In the previous period ECB president Mario Draghi ignited a market rally by saying the central bank would do…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
US markets
The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17. The U.S. Labour Department said that employers added 163,000…
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
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 …
Sherritt copes with falling prices, permit delays
Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…