U.S. markets rise; miners lag
Equities continued to be the destination for large capital flows south of the border as all three of the U.S.’s most watched indices were higher for the Feb. 25 to March 1 period.
Articles by Northern Miner Staff
Short Position Report
Short positions outstanding at Feb. 28/13 (with changes from Jan. 31/13). TSX Short Positions …
Toronto Stock Exchange, Feb. 25 – Mar. 1
Toronto’s main index rose during the trading week amid strong jobs data. The S&P/TSX Composite Index gained 224 points to 12,540.81, as Statistics Canada reported that nearly 40,000 job were added in December. Canada’s…
TSX Venture Exchange, Feb. 25 – Mar. 1
The S&P/TSX Venture Composite Index curbed its decline despite tepid economic data from China, and concern over U.S. government spending cuts. The index dropped 11 points, or roughly 1%, en route to close at 1,133.36.
U.S. Markets, Feb. 25 – Mar. 1
Equities were the destination for large capital flows south of the border, with the Dow Jones Industrial Average up 253 points to 14,253.77 points, the S&P 500 Index up 24 points to 1,539.79 and the Nasdaq Composite Index up 44 points to…
San Miguel begs to be built
It has taken eight years, but Paramount Gold and Silver (PZG-T, PZG-X) CEO Christopher Crupi says the company’s San Miguel project in northern Mexico, about 300 km southeast of Hermosillo, has been well worth the wait.
Thompson Creek looks challenges in the eye
First the good news: Thompson Creek Metals (TCM-T, TC-N) says it has enough cash to finish building its recently acquired Mount Milligan copper-gold mine project near Prince George, B.C., and that the project remains on target for start-up in…
SilverCrest beefs up Santa Elena
Three important bits of information came out of SilverCrest Mines’ (SVL-V, SVLC-X) latest drill results from its Santa Elena project in Mexico.
Hecla trumps Alamos with deal to acquire Aurizon
VANCOUVER — Hecla Mining (HL-N) and Aurizon Mines (ARZ-T, AZK-X) started talking about a business combination in 2006, but couldn’t agree on the terms. However, they liked each other enough that they maintained contact, waiting…
Editorial: Brunswick takes its final bow
The iconic symbol of mining in the Maritime provinces, the Brunswick zinc-lead mine in northern New Brunswick’s Bathurst camp, is ceasing mining operations this month after 48 years and four different owners.
Sherritt reports loss, but boosts dividend on back of Ambatovy
Sherritt International (S-T) has shouldered such industry-wide hardships as lower commodity prices and higher costs, but the company is signalling its bullishness for the future by increasing its dividend, despite reporting a…
Commentary: Juniors vulnerable to running afoul of US anti-bribery laws
Imagine this: a small mining company in Denver hires a consultant in a small African country to buy mining rights to a promising gold acreage. The company feels lucky to have hired the consultant because he is well known and connected in the…