TSX ends flat during Oct. 22-26 week
Toronto’s resource-heavy index had a lacklustre Oct. 22-26 trading week, where upbeat economic data from the U.S. failed to propel the markets.
Articles by Northern Miner Staff
U.S. equity markets tank, Oct. 22-26
GDP growth in the U.S. increased at an annual rate of 2% in the third quarter, up from 1.3% in the second quarter, but earnings disappointments from a slew of U.S. multinational companies, including Apple, and worries about slowing…
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 23, 2012Precious MetalsPrice…
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Corrections
In the article “Soltoro picks low-hanging fruit in Jalisco” (T.N.M., Oct. 22–28/12,) an investor was incorrectly identified as Soltoro’s vice-president of exploration in the photo caption on page 12.
Fortuna’s 2012 looking good
Fortuna Silver Mines (FVI-T, FSM-N) says it is set to beat its full-year forecast, helped by record third-quarter production. The Vancouver-based firm is targeting 3.7 million oz. silver and 17,400 oz. gold this year, and by the end of…
Osisko quietly stakes 10,000 sq. km in Mexico
Press releases from Osisko Mining (OSK-T) were coming fast and furious in mid-October, with announcements that the company has produced its half-millionth ounce of gold from its flagship Canadian Malartic mine in Malartic, Que., and another…
ATAC finds more Carlin-style mineralization
ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type gold mineralization at its Pharaoh target in the Yukon. This find is the junior’s second gold discovery this year.
Beaufield proves Chinese firms still interested in iron ore
The connection between slower growth in China and slumping commodity prices has been highlighted in the financial press over the last few months — but there are contrary signs to be found by astute investors.
Malaga plummets after production halt
Malaga (MLG-T) shares lost a third of their value after the company suspended production at its Pasto Bueno tungsten plant in Peru, as it wrestles to keep costs down following a recent power outage at its underground operation.
MBAC advances shallow REO deposit in Brazil
Toronto-based MBAC Fertilizer (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxa in Brazil’s Minas Gerais state and plans to complete a…
Argex aims to produce titanium near Baie-Comeau
Montreal-based Argex Titanium (RGX-V) is having a great year. The company’s shares have surged 142% over the past 10 months as the company has moved its proprietary solvent-extraction system towards commercial viability.