U.S. Markets tumble as investor fears persist, Aug. 15-19
Anxiety overtook investors on Wall Street as the Dow Jones Industrial Average posted its fourth week of losses during the Aug. 15-19 trading period.
Articles by Northern Miner Staff
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Producer and dealer prices
Antimony: Mid-mkt US$14,750.00/t
Daily metal prices
DateAug 15Aug 12Aug 11Aug 10Aug 9
TSX short positions
Short positions outstanding at July 31/11 (with changes from July 15/11).
TSX Venture short positions
Short positions outstanding at July 31/11 (with changes from July 15/11).
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Barrick stung by higher costs
Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.
New Mexico junior makes math gaffe, retracts high-grade REE assays
A little-known junior explorer based in Elephant Butte, New Mexico (population: 1,500), surprised investors twice last month, first by releasing spectacular rare-earth-element (REE) assays from its Warm Springs beryllium project in Sierra…
Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
What next for Lundin?
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million compared to the year-ago period, as revenue nearly doubled.