Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 7, 2013 Precious MetalsPrice…
Articles by Northern Miner Staff
Argonaut unveils Veta Madre resource at La Colorada
The La Colorada deposit in Sonora Mexico has come a long way since Jesuit missionaries first staked the ground and mined the Minas Prietas zone in the mid-1700s. From 1860 to 1914 the deposit was mined from underground (production was shut…
TSX Venture stays the course, Apr. 29 – May 3
The S&P/TSX Venture Composite Index had trouble mustering momentum during the trading week despite promising economic news out of Canada and the U.S., as well as a surge in crude oil prices driven by heightened conflict in the Middle East….
Glencore Xstrata promises fiscal discipline
VANCOUVER — It was not always a smooth process and it took a year to gel, but Glencore International has completed its US$29-billion takeover of Xstrata, with the merged company trading as Glencore Xstrata (GLEN-L) and boasting a…
First Majestic to join top-tier silver miners
First Majestic Silver (FR-T, AG-N) is eyeing senior producer status as it expands Del Toro — its fifth silver mine in Mexico — and improves operations at its four other mines in the country to drive its annual silver production…
Yamana’s Q1 profits plunge as costs rise
Despite producing more gold than a year ago, Toronto-based Yamana Gold (YRI-T, AUY-N) wasn’t able to buck the trend of miners posting shrinking first-quarter profits amidst dipping metal prices. Profit for the first quarter of…
Commentary: How to pick gold stocks in a falling gold price environment
BMO Capital Markets’ recent report entitled “Flight to Quality” is perfectly timed for investors who have had their emotions roiled by the latest downswing in the gold price.
Short Position Report
TSX Short Positions Short positions outstanding at Apr. 30/13 (with changes from Apr….
Lac Lamle off to a good start
Fancamp Exploration’s (FNC-V) first resource estimate on its Lac Lamêlée South iron project in the Fermont mining district of Quebec has outlined 520 million tonnes grading 39.5% iron at a 22% iron cut-off grade—about…
Trevali ‘more than a one-trick pony,’ Haywood says
New Brunswick has given the green light to Trevali Mining (TV-T) to operate its Caribou mine and mill complex in the Atlantic province’s Bathurst mining camp, and the zinc-focused development company says it expects to fire up the mill…
Editorial: Tweaking the TFWP
Though the abuses started several years ago, the importing of low-wage Chinese miners by HD Mining International to B.C. late last year and the CBC’s recent revelation on Go Public that the Royal Bank has been laying off skilled,…
Tahoe comments on Escobal violence [Updated with state of emergency and higher royalty]
Tahoe Resources (THO-T, TAHO-N) is voluntarily hiking its net smelter return royalty to 5% from the state-mandated 1%, as escalating protests and violence involving its Escobal silver project culminated in Guatemalan authorities imposing a…