Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Articles by Northern Miner Staff
Gold Standard strikes again at Railroad
It looks like Gold Standard Ventures (GV-V) has done it again. The company’s shares jumped 51%, or 91¢ on April 26, following the new results from the North Bullion zone at its Railroad gold property outside of Elko, Nev. Gold…
Lifton describes copper as ‘nerves of civilization’
In a keynote address at Byron Capital Markets’ third annual conference on electric metals in Toronto on April 19, Jack Lifton warned that copper shortages should be a far greater concern than electric metals, such as rare earths, graphite…
Greenbushes bears fruit for Talison
Cash-rich Talison Lithium (TLH-T) booked record thirdquarter sales volume, revenue and net income from its high-grade Greenbushes lithium operation in southwestern Australia, and president and CEO Peter Oliver forecasts global demand for…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 21 May 18 May 17 May 16 May 15 US$ in C N/A 1.0210 1.0164 1.0102 1.0029 …
Canada Lithium down on $30M equity financing
Canada Lithium (CLQ-T) saw its share price deflate after revealing it would raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val-d’Or by year-end. The junior filed a preliminary short-form…
Mulatos delivers for Alamos
Alamos Gold (AGI-T) is off to a good start for the year, with record earnings and cash flows for the three months ended March 31, 2012. Earnings grew by 65% to US$29.5 million, or US25¢ per share compared to the year-ago period, partially…
Time is not on Baja’s side
There is “substantial doubt” that Baja Mining (BAJ-T) will continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis, under a section entitled “Risk Factors.”
Taca Taca won’t be taken, analysts say
When Lumina Copper (LCC-V) announced in early May that it had increased the size of its Taca Taca copper project in northwestern Argentina, mining analyst Adam Low of Raymond James raised his six- to 12-month target price on the stock by $2.50,…
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Crazy Horse moves Taysan ahead with prefeasibility study
Philippines-focused Crazy Horse Resources (CZH-V) has outlined a 15-milliontonne- per-year open-pit copper operation at its Taysan project in a prefeasibility study. The mine plan, like the November scoping study before it, splits the project…
Editorial: Stainless steel turns 100
Looking for an excuse to celebrate something in mining? Look no further than the one-hundredth anniversary of the invention of stainless steel — that wonderfully shiny, hard, corrosion-resistant alloy that’s one building block of a…