Q1 global gold demand buoyed by jewellery sales in China, India
The following is an edited excerpt from the World Gold Council’s summary of its report, Gold Demand Trends Q1 2013. The full report can be found at www.gold.org.
Articles by Northern Miner Staff
Centerra hits another roadblock at Kumtor
A swarm of protestors have blocked the only road leading to Centerra Gold’s (CG-T) Kumtor gold mine in Kyrgyzstan in a move to pressure the government to cancel the 2009 Kumtor agreement it signed with the miner.
Paladin waits for fundamentals to take hold
The supply and demand fundamentals arguing for a lift in the uranium price are plain to see, but the market remains moribund.
Another hill to climb for Copper Mountain
Operational issues at the Copper Mountain mine in B.C. are hounding Copper Mountain Mining (CUM-T).
Citibank calls the end of the Supercycle
A new report from Citi Research, a division of Citigroup Global Markets, says returns have peaked for the mining sector, and that this is the year that “the death bells ring for the commodity supercycle after its duly noted…
Toronto Stock Exchange, May 20-24
The Toronto Stock Exchange’s main index stayed in the green during the shortened week despite speculation that the U.S. Federal Reserve may slow down its monetary easing.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 28, 2013 Precious MetalsPrice…
Partners prove up copper potential at Pyramid project
VANCOUVER — It took less than three years and only 30 holes for Full Metal Minerals (FMM-V) and Antofagasta (ANTO-L) to define a resource at their Pyramid project in Alaska that contains more than 1.3 billion lb. copper, as well as…
Energy Fuels to buy Strathmore for its uranium resource
Leading U.S. uranium producer Energy Fuels Resources (EFT-T) is eyeing Strathmore Minerals’ (STM-T) nearby uranium projects in a move to boost its resources and improve operations.
Short Position Report
Short positions outstanding on May 15/13 (with changes from Apr. 30/13).
UPDATE2: Grasberg tunnel collapse kills 28
Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
Toronto Stock Exchange, May 13-17
The S&P/TSX Composite Index rode an up-and-down period and came out ahead, as it gained 41 points to 12,613.12, largely on sentiment that the U.S. economy is recovering.