Editorial: Lack of QE tapering backstops gold price
Mid-September has been a busy time for the gold market.
Articles by Northern Miner Staff
TSX Venture Exchange, Sept. 16-20
The S&P/TSX Venture Composite Index saw little movement during the trading sessions, dropping 4.6 points before closing out the week at 946.10. The Venture was affected after gold and crude oil futures struggled in early trading before…
Toronto Stock Exchange, Sept. 16-20
The U.S. Federal Reserve’s surprise announcement to maintain its stimulus program helped lift Toronto markets during the trading week.
U.S. markets, Sept. 16-20
The major U.S. indexes rose for the third week in a row — lifted by the U.S. Federal Reserve’s surprise decision on Sept. 18 to delay tapering its massive stimulus program. The Dow Jones Industrial Average advanced 0.50% to…
Ian Ball takes the reins at McEwen Mining
Outside the tech industry, there aren’t too many sectors of the economy where you can find 31-year-old presidents of major companies, and certainly not in the field of mining, where the demographics in management are often skewed in the…
EMED says Rio Tinto is on track as CEO resigns
EMED Mining (TSX: EMD; LSE: EMED), which has been working for several years to satisfy the requirements of the Spanish government so that it can revive the past-producing Rio Tinto copper mine in Andalucia, says it expects to receive all…
Mexico’s mining tax causes concern
A proposed 7.5% mining tax on companies in Mexico and as much as 8% on those extracting precious metals is creating uncertainty in the industry about investing in a country that until now has been thought of as one of the world’s most…
Torex tallies Media Luna resource in Guerrero
It’s been a busy few months in Mexico for Torex Gold Resources (TSX: TXG), which is advancing two projects on its Morelos property, a 290 sq. km landholding in Guerrero state.
Western phosphate producers look east for growth
AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…
Goldstrike hits gold in three zones at Plateau South
VANCOUVER — After just 10 weeks of exploration at the Plateau South project, it is starting to look like Goldstrike Resources (TSXV: GSR; US-OTC: APRAF) made a good choice when it dropped 23 other Yukon gold properties to focus on its…
Rodinia Lithium gives up costly Nevada claims
When the Nevada office of the U.S. Bureau of Land Management raised its annual mining claim fees last year by 700%, from US$140 per claim to US$1,120 — at a time capital markets were even more challenging for miners — juniors like…
Donner on life-support after losing Bracemac-McLeod
Despite a valiant attempt to raise capital, Donner Metals (TSXV: DON; US-OTC: DONFF) defaulted on a payment owed to Glencore Xstrata (LSE: GLEN) and as a result handed over its 35% interest in the Bracemac-McLeod mine…