Tough times for drillers in 1H 2013
Delays to the start-up of drill programs will translate into a weak first half of 2013 for drilling companies, CIBC analysts forecast in a new report.
Articles by Northern Miner Staff
Victoria moves closer to Eagle Gold construction
Victoria Gold’s (VIT-V) goal of turning its Eagle Gold project into the Yukon’s next gold mine moved closer to realization.
[Update] Coeur outbids First Majestic for Orko
Coeur d’Alene Mines (CDM-T, CDE-N) has trumped First Majestic Silver (FR-T, AG-N) in a contest to acquire Orko Silver (OK-V) for its coveted La Preciosa project, ranked as one of the world’s largest undeveloped silver deposits.
Inca One helps artisanal miners – and itself
VANCOUVER — Artisanal mining has long been a part of Peru, but in the past 30 years, increasing numbers of people have turned to the rocks of their native land for income. Hundreds of thousands of rural Peruvians now scratch out a living…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 19, 2013Precious MetalsPrice…
San Gold sinks on higher costs, lower guidance
San Gold (SGR-T) shares tumbled 42% over three trading days after the gold miner missed market expectations with its 2012 production results, three-year guidance and updated reserve-and-resource estimate, all published on Feb. 8.
HSBC’s sunny silver outlook
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz. owing to improving industrial demand and investor appetite, and a…
Lake Shore Gold sells Mexican assets to Revolution
Lake Shore Gold (LSG-T, LSG-X) is selling all of its Mexican properties to Revolution Resources (RV-T) so that it can keep its management team and finances focused on its Canadian assets.
Oyu Tolgoi’s feasibility study delayed
Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market with good and bad news about its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert.
Market news: U.S. Markets
The S&P 500 Index rose for the seventh straight week with a small gain of 0.12% to 1,519.79. The last time the index enjoyed a seven-week run was between December 2010 and January 2011. The other indexes didn’t fare as well, however,…
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index lost 1.7%, or 20.16 points, en route to a 1,185.65-point close. Canadian stocks were weighed down by falling commodity prices, and further economic uncertainty in Europe.
Market news: Toronto Stock Exchange
The S&P/TSX Composite Index was off 103 points to 12,686.63 for the period, as market activity unfolded in anticipation of a G20 meeting addressing the emerging theme of “currency wars” — where one country after another…