Toronto Stock Exchange, Aug. 12-16
The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.
Articles by Northern Miner Staff
Azarga takes stake in Powertech
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…
Impact Silver finds success in measured growth
VANCOUVER — It is becoming exceedingly difficult to be a successful precious metals producer, but for juniors like Impact Silver (TSXV: IPT), these tough markets are an opportunity to show why fiscal restraint and measured growth are keys…
Allied Nevada disappoints with news from Hycroft
Shares of Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) took a tumble after the company announced a construction delay and unremarkable earnings.
Kinross protects cash as writedowns persist
VANCOUVER — It has become a game of margins for Kinross Gold (TSX: K; NYSE: KGC). A steep drop in gold prices has sent the company scrambling to identify cost-saving measures, while the ill-fated, US$7.1-billion acquisition of Red Back…
U.S. markets, Aug. 12-16
Rising borrowing rates dampened consumer sentiment and the major U.S. stock indexes fell for the second week. The Dow Jones Industrial Average sank 2.23% — or 344.04 points to 15,081.47, its sharpest decline in a year — and the…
Investment commentary: Searching for value amidst a wave of writedowns, pt. 1
There is little arguing that it has been a rough year for investors in gold mining stocks. But just how bad it has been may come as a surprise: not since the financial crisis of 2008 have investors seen so much of their wealth demolished in…
Paramount finds more gold at Sleeper
The old Sleeper Pit has been hiding more gold than Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) realized.
OceanaGold’s Didipio mine starts strong
Commercial production began in April at OceanaGold’s (TSX: OGC) Didipio mine in the Philippines, and in the second quarter the mine churned out 13,676 oz. gold and 5,710 tonnes copper. For the first six months of the year Didipio’s…
Letter to the editor: OTC Markets Group helps investors, regulators discern treasure from ‘trash’
I am writing in response to last week’s editorial, “Thoughts for your penny stock,” to correct some errors and misconceptions.
Sierra Metals keeps faith in exploration
There are two ways to look at the current rough conditions in the mining equity markets: investors can believe in the “sky is falling” scenario and stay clear for an indeterminate period of time, or they can see present conditions…
TSX Venture Exchange, Aug. 12-16
The S&P/TSX Venture Composite Index was back in the green during the trading sessions — following two straight weeks of losses — after posting a 2.2%, or 20.14-point gain, en route to a 940.23-point weekly close. Strong…