Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 18 2014Precious MetalsPrice…
Articles by Northern Miner Staff
Rubicon inks $75-million gold stream with Royal Gold
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
Centerra closer to restructuring Kumtor’s ownership
Centerra Gold (TSX: CG; US-OTC: CAGDF) says Kyrgyzstan’s parliament has passed a resolution that appears to support the new ownership structure for the country’s largest gold mine, despite several “materially…
TNM’s Gwen Preston discusses Cliffs’ closure of Wabush Mines on CBC TV
Northern Miner senior staff writer Gwen Preston appeared as a guest on CBC TV’s extensive coverage of Cliffs Natural Resources’ (NYSE:CLF) closure of the Wabush Mines iron ore mine in western Labrador.
TSX Venture Exchange, Feb. 3-7
The S&P/TSX Venture Composite Index rallied during the trading sessions after two consecutive weeks in the red, as it jumped 1.1%, or 10.78 points, en route to a 962.10-point close. Markets were bolstered by rising metal and energy futures,…
First Quantum expands on Inmet’s vision at Cobre Panama
In an era when investors are demanding leaner budgets and more efficient projects, First Quantum Minerals (TSX: FM, LSE: FQM) is going old school. The company says the economics of the recently acquired Cobre Panama copper project in…
Excelsior’s strong economics at Gunnison create market stir
VANCOUVER — Excelsior Mining (TSXV: MIN) took its time with a prefeasibility study (PFS) at its Gunnison copper project in southern Arizona, but when the company finally unveiled its results on Jan. 17, the market took notice. Excelsior…
Alderon reaches deal with Labrador City
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) is further down the road in its quest to build the Kami iron mine in the Labrador Trough.
Iamgold comes up short on 2013 production targets
Lower production and higher costs have taken their toll on Iamgold’s (TSX: IMG; NYSE: IAG) share price, after the gold miner released disappointing fourth-quarter and year-end results.
Correction
The story “Newmont sees rough road this year” (T.N.M., Feb. 10–16/14) incorrectly reported Newmont Mining’s 2014 production guidance as 4.4 to 4.8 million oz. gold. Newmont’s attributable production guidance for…
Klondex picks up Newmont’s Midax complex
At the end of last year Klondex Mines’ (TSX: KDX; US-OTC: KLNDF) CEO Paul Huet signalled that 2014 was going to be a big year.
Highland Copper buys Copperwood, builds ‘critical mass’ in Michigan
Just three months after Highland Copper (TSXV: HI; US-OTC: HDRSF) worked out a deal to buy the White Pine copper project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM; US-OTC: FQVLF), the Quebec-based company is back…