Midway gets key permit; pushes Pan closer to production
Midway Gold (MDW-T, MDW-X) is closer now to production than it was at the week’s outset.
Articles by Northern Miner Staff
Metals Commentary: Wood Mackenzie sees copper markets in deficit in five years
While there may be a glut of copper coming out of the world’s mines over the next four years, it won’t be too long before a supply gap opens up and then starts to widen.
Amara delivers on promise
In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…
U.S. Markets, March 18-22
U.S. markets were recovering at press time after a sluggish period. Troubled Cyprus alarmed investors, with the week ending on fears that contagion would ensue if the country wasn’t bailed out by the European Union.
Where do miners go from here?
The shift from “quantity to returns” has led to numerous headaches for miners, causing project delays, hefty writedowns and CEO departures, while companies tackle escalating costs that have caught up with the rising commodity…
Hope Bay springs eternal for TMAC
VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, March 26, 2013Precious MetalsPrice…
Endeavour reports record earnings, output
VANCOUVER — A day after announcing record earnings in 2012, Endeavour Silver (EXK-N) inked a deal to sell bonus concentrate from its overachieving Bolanitos silver-gold mine to local Mexican smelters, in a move that positions the producer…
Crocodile uses debt to fund growth in Oz
Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.
Toronto Stock Exchange, March 18-22
Toronto’s resource-heavy index retreated during the week, with concerns running rampant over Cyprus’ financial state. The S&P/TSX Composite Index fell 0.6%, or 73 points, to 12,757.35, as the Cypriot government struggled to…
TSX Venture Exchange, March 18-22
The S&P/TSX Venture Composite Index avoided a week in the red, with a positive showing on March 22 limiting a 10.8-point, or 0.97% loss, en route to a 1,106.35 weekly close.
Labrador Iron Mines to get $30M from Tata subsidiary
Labrador Iron Mines (LIM-T) is expecting to receive $30 million from a subsidiary of India’s Tata Steel, as part of an alliance it recently entered to create cost synergies in the Labrador Trough region, where the two companies operate…