TSX catches the QE3 wave
The next round of quantitative easing (QE) finally came and it was good news for commodity prices and the commodity heavy TSX Composite Index, which grew by 242 points to 12,499.47 points for the Sept. 10-14 period.
Articles by Northern Miner Staff
US stocks up on QE3, Sept. 10-14 week
U.S. stocks gained for a second consecutive week, pushing the Standard & Poor’s 500 Index up to the highest level since December 2007, as the U.S. Federal Reserve unleashed a third round of quantitative easing, or QE3, to prop up the…
Torex plans 2015 start-up for Morelos
Torex Gold Resources (TXG-T) shares saw heavy trading after the company released a bankable feasibility study for its Morelos project in Mexico’s prolific Guerrero gold belt, as well as more drill results from the project’s…
Silver Wheaton’s Smallwood paddles world’s silver streams
Silver Wheaton (SLW-T, SLW-N) has come a long way in a short time. Formed in 2004 out of Wheaton River Mineral’s silver assets, the company is now the biggest silver-streaming company in the world.
NuLegacy gets in line on Nevada’s Cortez trend
A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…
Midas’ golden dreams for Golden Meadows
Midas Gold (MAX-T) has outlined a positive preliminary economic assessment (PEA) for its Golden Meadows gold project in Idaho, 153 km northeast of Boise.“It’s a very mining-friendly jurisdiction,” Stephen Quin,…
Paramount grows resource at San Miguel
Paramount Gold and Silver (PZG-T, PZG-X) has bulked-up its Mexican resources in a serious way. The company released an updated resource estimate for its wholly owned San Miguel project in the country, boosting indicated gold resources by 547%,…
Rainy River adds more shine to PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario. Given the current negative market conditions, the…
Short position reports
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4 US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863 …
Commentary: New guidance for disclosing PEAs in Canada
On Aug. 16, 2012, the Canadian Securities Administrators (CSA) published CSA Staff Notice 43-307 Mining Technical Reports — Preliminary Economic Assessments, which sets out staff’s position on several issues regarding the use and…
Inmet bids for Petaquilla
In what looks like a move to tidy up the neighbourhood, Inmet Mining (IMN-T) is offering to buy Petaquilla Minerals (PTQ-T) for $112 million in cash or equity. Petaquilla operates the Molejon gold mine in Panama, adjacent to Inmet’s Cobre…