Solid gains for the TSX during Oct.24-28
The TSX Composite Index surged during the Oct. 24-28 trading week, finishing up 570.02 points higher than where it began at 11,949.49.
Articles by Northern Miner Staff
U.S. markets end Oct. 24-28 week in positive territory
News that European leaders reached an agreement to increase the region’s bailout fund and convinced banks and insurers to take a 50% haircut on their Greek bonds, buoyed U.S. equity markets. Investors were also soothed with data that the U.S….
Fronteer spin-off Pilot Gold busy with the drill
Vancouver – Just six months into its new corporate life, Vancouver-based gold explorer Pilot Gold (PLG-T) has already drilled 60,000 metres at nine projects on two continents.
Dia Bras settles strike action in Peru
Vancouver – The road to Dia Bras Exploration’s (DIB-V) Yauricocha mine in Peru’s Yauyos Province is now open after a blockade was cleared.
Venture sees straight gains in Oct 24-28 period
Vancouver – A long-awaited deal on EU debt helped push the S&P TSX Venture Composite Index up 96.98 points in the Oct. 24-28 period to reach 1,629.89 points after five straight days of gains. Volume was also up somewhat, with an average of…
[Update] The Red Back team returns
The former Red Back Mining team led by Richard Clark is back to advance Atacama Minerals (aam-v) using the same strategy they used to build the West African gold producer before selling it to Kinross Gold (k-t, kgc-n) for US$7.1…
Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.
Editorial: Goldex cookie crumbles
If anything underscores the inherent risk of mining, it was the past week for Agnico-Eagle Mines.
U-Sea Colonsay sets sail
The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…
Odds ‘n’ sods: Always watch out!
During the 1970s I worked at the Geco copper mine in Manitouwadge, Ont. With 650 employees, it was about half the size of a big diamond mine in Canada today.
Suppliers news
Major Drilling buys Bradley Group