Promise of stimulus lifts TSX
TSX Composite Index rose 231 points to 11,766.36 for the July 23-27 period as investors chose to focus on the themes of potential monetary easing and a leveling off of the European debt crisis.
Articles by Northern Miner Staff
[Update] Barrick unveils setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.
TSX Venture Exchange
The S&P/TSX Venture Composite Index climbed 9.23 points to end at 1,196.19 points after three days of gains outweighed two days of losses. Volume would have increased noticeably if it weren’t for a scant 44.4 million shares traded on…
Toronto Stock Exchange
The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…
Golden Arrow gets lift from drill results
Stepout drilling at Golden Arrow Resources’ (GRG-V) Chinchillas silver project in Argentina’s Jujuy province has returned several long intercepts including 29 metres grading 631 grams silver per tonne, the company reports.The…
Indonesian ‘shadow interests’ frustrate Intrepid
Brisbane, Australia-based Intrepid Mines (IAU-T) is the latest victim in an ongoing nationalization saga in Indonesia and its neighbours. On June 28 an unknown entity seized control of its Indonesian joint-venture partner Indo Multi Niaga…
Editorial: Atleo keeps his crown
Every once in a while, by a cosmic long shot, the meek really do inherit the Earth. What’s unsaid is that they’re never so meek again once they’ve taken the reins of power.Amid increasing calls for his ouster, Shawn Atleo…
Commentary: Digging into valuable US tax incentives
Many Canadian miners operating in the U.S. are not aware of the extensive tax incentives that the U.S. government offers to individuals and companies exploring, developing and extracting minerals. These tax incentives can provide significant…
US drought: a benefit to fertilizer companies?
If the dry weather in the U.S. continues, it could turn out to be “the worst drought of our generation,” CIBC analyst Jacob Bout writes in a 196-page industry report, noting that damage to the corn crop so far this year is…
The DR delivers for Goldquest and Unigold
Dominican Republic-focused explorers Goldquest Mining (GQC-V) and Unigold (UGD-V) both announced sizeable stepout gold-copper hits at their nearby properties in the northeast corner of the country near Haiti on July 18.For Goldquest, the…
Mega Precious can’t help but think big
Mega Precious Metals (MGP-V) could be the most aptly named gold company on the junior circuit. With assets in Manitoba and Ontario, the company’s well-heeled management team thinks bigger is better when it comes to mining. The philosophy…
Nighthawk to soar on NWT gold
Gold finds in the Far North don’t begin and end with the Yukon. While the territory has hogged much of the exploration headlines over the last few years, Nighthawk Gold (NHK-V) is reminding investors that the territory to the east still…