Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 18, 2013 Precious MetalsPrice…
Articles by Northern Miner Staff
Correction
In last week’s story “Selwyn’s boardroom battle hits fever pitch,” Benedict Cubitt was incorrectly identified as being with Resource Capital Funds, when in fact he is with Samara Capital. We apologize for the error.
Commentary: Nothing to fear in Quebec’s proposed tax regime
Recently, mining operators and investors have been playing it safe in Quebec. No business wants to be in a situation where mining taxes become an intrinsic production cost that could jeopardize a project’s profitability.
Editorial: Dousing the Ring of Fire
One of the surprises of the year that in some ways isn’t such a big shocker is Cliffs Natural Resources’ announcement this past week that it is suspending work at its $3.3-billion Black Thor chromite project in northern…
U.S. markets, June 10-14
U.S. stocks retreated for the third week in a row, with the Dow Jones Industrial Average dipping 1.2% to 15,070.18, the S&P 500 Index off 1% to 1,626.73 and the Nasdaq Composite down 1.3% to 3,423.55. Markets were volatile ahead of the…
TSX Venture Exchange, June 10-14
The S&P/TSX Venture Composite Index lost ground for the second consecutive week during the trading period, with the exchange dropping 1.9%, or 17.83 points, en route to a 933.57-point close. The Venture lost ground early in the week on…
Toronto Stock Exchange, June 10-14
The Toronto Stock Exchange took a beating during the week, with the S&P/TSX Composite Index tumbling 186 points to 12,187.36, as worries resurfaced of the U.S. Federal Reserve tapering its bond-buying program.
SGS Minerals Services mounts West Coast expansion
VANCOUVER — It has not been the brightest 12 months for the Vancouver mining sector, but a piece of good news may have flown under the radar to start the year. In late February world-leading technical provider SGS Minerals Services held…
Clifton keeps advancing Duparquet
Clifton Star Resources (CFO-V) is getting busy at its Duparquet gold property in northwestern Quebec, with plans to table a resource update by July, followed by a prefeasibility study in early 2014.
TSX and TSX-Venture warrants
The following are the mining-related warrants now trading on the Toronto Stock Exchange and the TSX Venture Excahange:
Goldcorp grows in Canada
VANCOUVER — It has been a tough year for Canadian gold producers, but Vancouver-based Goldcorp (G-T, GG-N) has side-stepped the writedowns and jurisdictional concerns plaguing many of its peers. Goldcorp’s conservative approach…
Marathon cracks open gold system at Valentine Lake
Since picking up the 50% that it didn’t already own of the Valentine Lake gold project in Newfoundland, Marathon Gold (MOZ-T) has been busy proving up resources across the 260 sq. km flagship property, 57 km south of the mining town of…