U.S. markets, April 8 – 12
U.S. equity indexes rose four days in a row, with the Dow Jones Industrial Average and the S&P 500 posting new closing highs on April 11.
Articles by Northern Miner Staff
TSX Venture Exchange, April 8 – 12
The S&P/TSX Venture Composite Index followed commodities downward during the trading period, dropping 1.8%, or 19.24 points, en route to a 1,022.61-point weekly close.
Toronto Stock Exchange, April 8 – 12
It was a bumpy ride for the resource-heavy TSX during the trading week as the gold price tumbled.
Senegal gov’t hikes Teranga’s royalty rate
Teranga Gold (TGZ-T), which has been producing gold from its Sabodala open-pit gold mine in the Senegal since March 2009, has agreed to amend its stability agreement with the government to increase the royalty rate on production to 5% from 3%,…
Commentary: Juniors can still raise capital if they learn from the past
As many in the mining sector are well aware, junior mining companies are having a harder time accessing capital markets for financing. Even when they are able to get their hands on some money, the financing comes with more onerous terms than…
Honouring Kirkland Lake’s heritage
In 1911 the first bar of gold in Ontario’s Kirkland Lake gold camp was poured at the Tough-Oakes mine. One century and 42.5 million oz. gold later, a group of friends met for coffee and decided to make a bronze plaque to commemorate the…
Northern Vertex plans for pilot production at Moss
VANCOUVER — Northern Vertex Mining (NEE-V) wants to get into production as soon as possible, and the junior has taken a big step in this direction with a preliminary economic assessment (PEA) of its Moss project in Arizona that lays…
More trouble at Pascua-Lama
Investors are getting tired of complications at Barrick Gold’s (ABX-T, ABX-N) Pascua-Lama gold project, which is perched high up in the Andes, but not so removed from the earthly troubles of cost overruns and environmental challenges.
Rainy River hits feasibility milestone
Rainy River Resources’ (RR-T) president and CEO Raymond Threlkeld is touting the company’s Rainy River gold deposit in northwestern Ontario as “low risk and very high return.”
Bears slam gold price
Gold bugs have been taking a beating of late, and it just seems to be going from bad to worse. The gold price entered official bear territory to close out the trading week, and then began the week by falling even further on panic selling.
Lumina’s Taca Taca shows robust economics
A preliminary economic assessment of Lumina Copper’s (LCC-V) enormous Taca Taca project, among the world’s top-tier undeveloped copper deposits, demonstrates a US$2.1-billion after-tax net present value and a 17.2% after-tax…
Riverside forges alliance with Hochschild in Sonora
VANCOUVER — Vancouver-based project generator Riverside Resources (RRI-V) continues to add to its stable of strong partnerships in Mexico following a $2.5-million strategic alliance with London-based precious metal producer Hochschild…