Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 17, 2013Precious MetalsPrice…
Articles by Northern Miner Staff
Colossus ceases underground development at Serra Pelada
VANCOUVER — Precious metals outfit Colossus Minerals (TSX: CSI; US-OTC: COLUF) faces increasing market scrutiny as it has once again delayed a first production target at its 75%-owned Serra Pelada…
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…
Capstone’s Pinto Valley ‘doing better than expected’
Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…
BHP closes nickel mine as prices rise
At a time when investors are getting more bullish about nickel prices BHP Billiton (NYSE: BHP; LON: BLT; ASX: BHP) has decided to close one of its key nickel mines in Australia.
Trafigura offers glimpse into inner workings
Privately held Trafigura Beheer B.V. surprised investors by offering a peek into its books.
Russian billionaire acquires Mercator
VANCOUVER — Struggling copper producer Mercator Minerals (TSX: ML) has reportedly been on the market since late September, and the company found a suitor in Intergeo MMC — a Russian-based resource company controlled by…
Tough times eat away at Joy Global’s business
Difficult markets put Joy Global Inc’s (NYSE: JOY) order book under stress in the fiscal fourth quarter, sending the company’s net income from continuing operations plunging 87% to US$26.8 million, or 25¢ per share, down from…
TomaGold, Iamgold take on Monster Lake
VANCOUVER — When precious-metal producers are on the lookout for high-grade assets to augment development pipelines, it’s often been junior companies that reap the rewards. And that’s the case for Quebec-focused explorer…
Ivanhoe outlines major copper mine at Kamoa
VANCOUVER — Years ago, he called Voisey’s Bay a game-changer for the global nickel game. After that he labelled Oyu Tolgoi a world-class copper project. Only a few weeks ago he called a high-grade platinum, palladium, rhodium and…
Pilot Gold finds high-grade structures at Kinsley
VANCOUVER — A 36.6-metre intercept grading 8.53 grams gold per tonne has Pilot Gold (TSX: PLG; US-OTC: PLGTF) convinced anew the Kinsley Mountain project in Nevada could contain a lot of gold.
Toronto Stock Exchange, Dec. 2-6
The S&P/TSX Composite Index fell 113 points to 13,280.72 for the period, despite positive news from Canada’s neighbour to the south.