Update: Keegan and PMI to become Asanko Gold
With capital being hard to come by, miners are turning to more creative ways to finance production.
Articles by Northern Miner Staff
Short Position Report
Here are the short positions outstanding as of Nov. 30/12 (with changes from Nov. 15/12).
Dolly Varden hopes to find the next Eskay Creek
VANCOUVER — The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern British Columbia’s Stewart complex for quite some time. Both Chairman…
Freeport bets on oil and gas
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10 billion has divided analysts on whether the acquisitions make sense.
Keegan and PMI merge to form Asanko Gold
Keegan Resources (KGN-T) and PMI Gold (PMV-T), who share a property boundary in Ghana, are tying the knot to form Asanko Gold.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 6, 2012Precious MetalsPrice…
Market news: U.S. Markets
During the trading period, investors paid close attention to U.S. lawmakers negotiating a budget deal to avoid the approaching “fiscal cliff,” or automatic tax hikes and government spending cuts set to start on Jan. 1, 2013. If a…
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index fell 38.1 points, or 3%, before closing the week at 1,220.90. Global economic news was mixed, with ongoing negotiations over the U.S. fiscal cliff and uncertainty surrounding a eurozone recovery limiting…
Market news: Toronto Stock Exchange
Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the U.S., but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points, or 0.21%, to finish at…
El Nino sees progress at Murray Brook
It has been a busy year for Vancouver-based El Nino Ventures (ELN-V). The company released results from a US$3-million, 18,500-metre drill program on its Murray Brook polymetallic massive sulphide project, 60 km outside of Bathurst, N.B., with…
Deloitte urges focus and discipline
In its annual report on mining trends, financial consulting firm Deloitte has a message for industry players: don’t sacrifice future growth in the name of short-term capital savings. Deloitte further runs down its picks as the top-10…
Signs of life in the junior market
After surviving a moribund market, junior miners can look forward to a less stressful 2013, says John Gravelle, mining leader for the Americas at PwC.