Toronto Stock Exchange, June 3-7
It was a disappointing period for global markets and the S&P/TSX Composite Index reflected investors’ glum mood, falling 288 points to 12,737.30 points for the period.
Articles by Northern Miner Staff
U.S. markets, June 3-7
Markets rallied mainly on statistics from the U.S. Labor Department showing 175,000 jobs were added in May, up from 149,000 in April. The Dow Jones Industrial Average inched up 0.88% to 15,248.12, while the S&P 500 Index rose 0.78% to…
Mediterranean gets unsolicited bid from mystery Aussie Jr.
Mediterranean Resources (MNR-T) has received a takeover offer from an Australian exploration company that CEO Christopher Ecclestone says has requested confidentiality.
Commentary: Execs’ short-term outlook: Oh brother, is it grim
The year 2013 is one that the mining industry will not soon forget, though most will not want to remember. Through the eyes of mining executives, the Mining Recruitment Group’s Executive Q2 2013 Survey shows that companies of all sizes…
Mediterranean’s Ecclestone sees money in antimony
Mediterranean Resources (MNR-T) is best known for advancing gold deposits in northeastern Turkey, but the junior also has its eye on the antimony market. This week it picked up two past-producing deposits of the metal in Spain and has plans to…
Touchstone looks to score in Colombia
MEDELLÍN, COLOMBIA — Junior explorer Touchstone Gold (TCH-T, TGL-L) believes its Segovia high-grade gold project in northwestern Colombia is one of the more exciting mining stories coming out of the country, which over the…
New study gives Vista more options at Mt. Todd
VANCOUVER — Mt. Todd, the largest undeveloped gold project in Australia, took a big step towards production with a prefeasibility study that gives owner Vista Gold (VGZ-T, VGZ-N) a choice: the company can either spend a billion dollars to…
New Millennium keeps growing
With another 7.6 billion tonnes of iron ore resource coming from its Howells River North and Howells Lake properties in Labrador, New Millennium Iron (NML-T) counts itself as one of the world’s largest iron ore resource holders.
Fortune favours a bold Fortuna Silver
Earlier this year Fortuna Silver Mines (FVI-T, FSM-N) bought a 55% stake in the Taviche Oeste concession surrounding its San Jose silver mine in Oaxaca, Mexico, from Pan American Silver (PAA-T, PAAS-Q) for US$4 million, with an option to pick…
Primero extends veins at San Dimas
While challenging market conditions have forced many companies to trim exploration programs this year, Primero Mining Corp. (P-T, PPP-N), which held US$141.2 million in cash as of Mar. 31, plans to spend $15 million on diamond…
Aureus takes a fresh look at New Liberty
Aureus Mining (AUE-T, AUE-L) has updated a definitive feasibility study for its fully permitted New Liberty gold project in northwestern Liberia, confirming promising economics for what could become the country’s first commercial…
Short Position Report
Short positions outstanding at May 31/13 (with changes from May 15/13).