Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 1, 2013Precious MetalsPrice…
Articles by Northern Miner Staff
Alacer says ‘hooroo’ to Australia
It is no secret that lower gold prices are making management teams leaner. But a lesser-discussed result of all the cost-cutting is that geographical diversification can also be lost.
Gold Fields buys three Barrick mines in the Yilgarn
VANCOUVER — Australia has become Gold Fields’ (NYSE: GFI; JSE: GFI) most important region, expected to produce 42% of its gold now that the company has closed a deal to buy three mines from Barrick Gold (TSX: ABX; NYSE: ABX).
Semafo impresses with high-grade reserves
VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.
Taseko celebrates an improved Gibraltar mine
WILLIAMS LAKE, B.C. — When Taseko Mines (TSX: TKO; NYSE-MKT: TGB) reopened Gibraltar near Williams Lake in 2006, the 36-year-old mine had enough ore to feed its 30,000-tonne-per-day mill for just over three years.
Nautilus, PNG await arbitration decision
VANCOUVER — In 2011 it looked like Nautilus Minerals’ (TSX: NUS; US-OTC: NUSMF) pioneering plan to mine high-grade sea floor sulphide deposits might actually work. The company had permits, a joint venture with the Papua New Guinea…
Newmont takes large stake in Hennigh’s Novo Resources
Newmont Mining (TSX: NMC; NYSE: NEM) has acquired a 35.7% stake in Novo Resources (CNSX: NVO), a Vancouver-based junior that is earning a 70% interest in two exploration properties in the Eastern Pilbara shire of Western Australia that…
Midas optimizes Golden Meadows
Midas Gold (TSX: MAX) is assessing ways to lift the economics of its wholly owned Golden Meadows gold project in Idaho’s historic Stibnite mining district ahead of a prefeasibility study that’s due in mid-2014.
October the time to buy base-metal stocks: Ray Goldie
Stock markets are realizing that they have been underpricing base-metal equities, Salman Partners senior mining analyst Raymond Goldie says, and investors should “wait two months, then start taking advantage of this trend.”
Correction
The story “Detour Lake drilling yields new gold structure” (T.N.M., Sept. 23–29/13) incorrectly identified BMO Capital Markets analyst Brian Quast as the author of a research note which was, in fact, authored by BMO Capital…
Editorial: KWG-Cliffs ruling – No appeasement on the easement
One of the more significant events for Ontario mineral explorers in September took place in the halls of the province’s bureaucracy, with Cliffs Natural Resources losing its application for easement (surface access right-of-way) across…
Eurasian explores new gold region at Koonenberry
WHISTLER, B.C. — When it comes to project generators, there aren’t many companies with a global reach quite like Vancouver-based Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMXX). The company is active across Europe, the Middle East and…