Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 13, 2013Precious MetalsPrice…
Articles by Northern Miner Staff
Toronto Stock Exchange, Aug. 6-9
The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…
Alamos to buy Orsa for $3.5M
Cash-rich Alamos Gold (TSX: AGI; NYSE: AGI) has added Orsa Ventures (TSXV: ORN) to its shopping list.
African Barrick hit with US$543M writedown at Buzwagi
VANCOUVER — Based on production metrics, Tanzania-focused African Barrick Gold (LSE: ABG; US-OTC: ABGLF) is having a relatively good start to 2013. Over the past six months the company has beaten analysts’ earnings…
Oromin turns friendly to Teranga offer
Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.
Edgewater stacks the gold ounces at Corcoesto in Spain
VANCOUVER — Edgewater Exploration (TSXV: EDW) is closing in on a production decision at its Corcoesto gold property in Galicia, Spain.
ITH’s Livengood struggles at today’s gold price
It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…
Workers strike at Tasiast; Kinross to pick up option at Las Pampas
News of a strike action at Kinross Gold’s (TSX: K; NYSE: KGC) troubled Tasiast gold mine in Mauritania brings the total number of strikes to three since the Toronto-based producer acquired its 100% stake in 2010.
Chinese investment comes at a price for Champion Iron
A Hong Kong investment company has invested $3 million for an 11% stake in Champion Iron Mines (TSX: CHM) and its portfolio of iron ore properties in the Labrador Trough.
Newcrest swallows A$6.2B writedown
Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…
TSX Venture Exchange, July 29-Aug. 2
The S&P/TSX Venture Composite Index put an end to its four-week winning streak, slipping 1.73 points during the trading session to close at 923.56 points.
U.S. markets, July 29-Aug. 2
Mixed jobs data and comments from the U.S. Federal Reserve that it would keep buying US$85 billion per month in Treasury and mortgage securities were the main headlines during the trading week. Non-farm payrolls rose by 162,000 in July, which…