TSX spirals downward May 14-18
VANCOUVER — The Toronto Stock Exchange continued to gather downward momentum during the May 14-18 trading period as growing uncertainty in the Euro zone and lagging commodity prices drove the index to seven month lows.
Articles by Northern Miner Staff
Commentary: Canada’s rise as an energy superpower
Canada is rapidly becoming recognized as one of the world’s energy superpowers. Canada is now the leading foreign supplier of oil to the U.S., delivering nearly twice as much each year as Saudi Arabia, and 90% of natural gas imports to…
U.S. equities suffer worst week of year, May 14-18
Wall Street suffered its worst week this year with the Dow Jones Industrial index shedding 451.22 points or 3.52% to finish at 12,369.38 and the S&P 500 index shrinking 58.17 points or 4.30% to close at 1,295.22. The Nasdaq Composite…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 14 May 11 May 10 May 9 May 8 US$ in C 1.0019 0.9968 1.0017 1.0015 0.9997 …
Southern Pacific’s McKay: On time and under budget
While project costs are soaring for many companies in the natural resources sector, Southern Pacific Resource (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.
Goldcorp’s output down on Red Lake setback
Vancouver-based major Goldcorp (G-T, GG-N) stumbled out of– the gate to start the year, as adverse ground conditions and grade variability at its flagship Red Lake gold mine in Red Lake, Ont., contributed to an 18% year-on-year fall in…
Glass Earth advances in New Zealand
Work on the ground has not been quite as smooth as its name implies, but Glass Earth Gold (GEL-V) looks to have several New Zealand gold projects under control and moving forward.
Alacer ups 2012 production target
Alacer Gold (ASR-T) has bulked up its 2012 production guidance by up to 410,000 attributable oz. gold following higher grades at its Copler gold mine in Turkey, despite reporting a weak first quarter.
BC pipeline debates rage on
The scale of the West Coast pipelines debate is hard to play down. Current and former politicians from all government levels have come out swinging for and against: lobbyists, First Nations and non-government groups have fully entered the fray,…
Commentary: Time for Canadian miners to import US outreach tactics
There has been a paradigm shift in public activism in Canada and growing hostility towards mining, and dogmatic opposition by environmentalists and social action groups towards virtually all mining and energy projects. This new dynamic is…
Supplier news
Geotech buys Aeroquest