US markets
The Dow Jones Industrial Average and the S&P 500 Index ended a five-week winning streak despite glimmers of hope that the U.S. Federal Reserve may provide more stimulus, and news that the European Central Bank could set targets in a new…
Articles by Northern Miner Staff
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Slower, lower, weaker at Olympic Dam
The beleaguered uranium subsector got a bit of an indirect boost in late August. The world’s biggest miner, BHP Billiton, declared as part of its year-end results that the 800-pound radioactive gorilla in the room — a planned…
Letters to the editor: TNM discriminating against chrysotile asbestos
What a deception to read in your editorial, “Ooh la la: Is Plan Nord becoming Plan Non?” (T.N.M. Aug. 20–26/12) that you qualify the support to chrysotile asbestos mining in the Eastern Townships by the Quebec and federal…
Short position reports
TSX Short Positions Short positions outstanding at Aug 15/12 (with changes from July…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Sabina Gold & Silver makes progress in Nunavut
Drill results from Sabina Gold & Silver’s (SBB-T, SGSVF-O) Back River project in southwestern Nunavut — 520 km northeast of Yellowknife, and 50 km southeast of Xstrata Zinc’s Hackett River silver-zinc project —…
Surprise Molycorp financing hits share price
Shares of Molycorp (MCP-N) plunged 7.5% to US$11.16 per share — a 52-week low — on the day the U.S.-based rare earth company said it would raise US$450 million in convertible senior notes and common equity.
Puma hunts high-grade silver in New Brunswick
In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Rimouski, Que., based…
Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.The pure-play lithium producer’s board of directors has…
Agnico joining Miranda in Colombia
Prospect-generating company Miranda Gold (MAD-V) has enticed mid-tier gold miner Agnico-Eagle Mines (AEM-T, AEM-N) to help out in its efforts to explore for gold in Colombia.The junior says the new alliance, outlined in a letter…
Saskatchewan potash developers pull in their horns
Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in Saskatchewan’s…