TSX moves higher on Eurozone hopes, Aug. 13-17
The S&P/TSX Composite Index jumped 199 points or 1.7% during the Aug. 13-17 trading week to close at 12,089.89.
Articles by Northern Miner Staff
U.S. markets up for sixth consecutive week, Aug. 13-17
The Dow Jones Industrial Average and the S&P 500 posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supported the European Central Bank’s efforts to fight debt, and…
Nautilus stays the course
Starting the world’s first seabed mining operation was never going to be simple, but for TSX-listed Nautilus Minerals, the challenges have been multiplying.The logistics of commercially mining 1.6 km below sea level — which would…
US markets
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the trading week at 13,207.95, the broader S&P advanced 15 points to 1,405.87, the Nasdaq Composite Index climbed 53 points to 3,020.86 and the…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Toronto Stock Exchange
The S&P/TSX Composite Index was up 127 points to 11,841.98 during the holiday-shortened period after beginning the period on a tear as it caught up to U.S. markets.The run was based on the notion that central banks were prepared to do…
Short position reports
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
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 …
Teck hit by lower commodity prices
The global economic downturn is hitting Teck Resources (TCK-T, TCK-N), with Canada’s biggest diversified miner suffering from weaker coal and copper prices as the Chinese growth story loses steam.
NMHF to induct four US mining giants
The National Mining Hall of Fame (NMHF) in the U.S. has selected four inductees for 2012: Glen A. Barton, J. David Lowell, Samuel Newhouse, and John Cleveland Osgood.The four will formally join the ranks of 214 previous inductees in the hall of…
TSX Venture Exchange
The S&P/TSX Venture Composite Index ended flat in the shortened period, up less than a point at 1,191 points after two days of losses balanced out two days of gains. Volume was also little changed, with an average of 67 million shares…
General Moly whacked by cost overruns at Mt. Hope
It may not be the best time to be in the molybdenum business, as aspiring U.S.-based producer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, in the face of weakening…