U.S. markets, Jan. 13-17
The story south of the border was a bit of a mixed bag as investors bought on positive earnings reports and rising industrial production, but sold on a decline in housing starts.
Articles by Northern Miner Staff
Editorial: Shockwaves from Indonesia’s unprocessed minerals export ban
The crisis for miners in Indonesia that quietly built up over late December has exploded in the new year, as miners active there grapple with sweeping new restrictions on exports of raw concentrates from the country.
Short Position Report
Short positions outstanding on Jan. 15/14 (with changes from Dec. 31/13).
Paladin looks to wait out uranium slump with refinancing
Uranium prices are continuing to languish three years after the Fukushima meltdown, but Paladin Energy (TSX: PDN) is attempting to put itself in a better position to weather the prolonged slump.
ITH names new CEO, cuts staff to lower costs
Vancouver-based International Tower Hill Mines (TSX: ITH; NYSE-MKT: THM) is shuffling its senior management while trimming its workforce, to conserve cash while advancing its rather expensive Livengood gold project near Fairbanks,…
TSX Venture Exchange, Jan. 6-10
The S&P/TSX Venture Composite Index closed in the green for a second straight week to start the year, as it jumped 2.3% — or 21.83 points during trading — en route to a 966.55-point close. Commodity futures were relatively…
Goldcorp nails 2013 guidance, predicts falling cash costs
VANCOUVER — Prominent Canadian gold miner Goldcorp (TSX: G; NYSE: GG) has proven to be more resilient in the face of falling precious metal prices than many of its peers. And if the company’s production guidance for 2014 is any…
U.S. markets, Jan. 6-10
The first trading week of 2014 saw the Dow Jones Industrial Average slide 0.02% to 16,437.05, the S&P 500 inch up 0.60% to 1,842.37 and the Philadelphia Gold & Silver Index rise 0.49% to 87.05. Weaker-than-expected jobs data dampened…
Goldcorp offers $2.6B in cash and shares for Osisko
Goldcorp (TSX: G; NYSE: GG) is launching a hostile $2.6-billion takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to acquire the smaller rival’s Canadian Malartic gold mine in Quebec, with many analysts arguing the…
Lucara reports major increase in Karowe resource valuation
VANCOUVER — Lucara Diamond (TSX: LUC; TSXV: LUC; US-OTC: LUCRF) has made headlines over the past year with the size and quality of stones it has unearthed at its Karowe mine in Botswana’s Orapa–Letlhakane kimberlite…
OceanaGold sees a strong 2014 at Didipio
OceanaGold (TSX: OGC; US-OTC: OGDCF; ASX: OGC) has reduced the mine life for its Macraes gold mine in New Zealand, but expects a strong production year at its new Didipio copper–gold mine in the Philippines, leaving many investors…
Rio Alto gets an environmental nod to expand mine at La Arena
Rio Alto Mining (TSX: RIO; TSXV: RIO; NYSE: RIOM) is inching closer to producing copper from its La Arena project in northern Peru, with a recent environmental approval for an 18,000-tonne-per-day, open-pit sulphide operation.