US markets
The Dow Jones Industrial Average and the S&P 500 Index posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supports the European Central Bank’s efforts to fight debt, and…
Articles by Northern Miner Staff
TSX Venture Exchange
The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…
Toronto Stock Exchange
The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…
Honouring Timmins’ mine finders
Led by association president Dean Rogers, northern Ontario’s Porcupine Prospectors and Developers Association has erected three bronze statues to honour legendary gold mine finders (from left): Jack Wilson of the Dome mine, Sandy McIntyre…
Editorial: SA police fire on Lonmin strikers
It’s the kind of incident long feared since the end of apartheid in South Africa: members of the South African Police Service opened fire on striking workers at Lonmin’s Marikana platinum mine in North West province on Aug. 16,…
Revolution’s Mexican discoveries
Revolution Resources (RV-T) has hit high-grade gold and silver below the historic Cinco Estrellas mine at its Universo project and discovered new prospects at its La Bufa property.
Barrick to sell African assets?
It looks like Barrick Gold’s (ABX-T, ABX-N) new CEO Jamie Sokalsky is getting down to business to help lift the company’s stagnating share price through a possible sale of its 73.9%-owned African gold subsidiary African…
Harry Winston, Rio revise Diavik plan
Harry Winston (HW-T, HWD-N) has released a much-anticipated mine plan update for its joint-venture Diavik diamond operation 300 km northeast of Yellowknife, N.W.T.
Palmarejo delivers for Coeur
Of Coeur d’Alene Mines’ (CDM-T, CDE-N) five producing precious metals mines, Palmarejo in northern Mexico is the largest contributor to the company’s sales and cash flow. Metal sales from the mine in Chihuahua state last year…
Franco-Nevada, Inmet sign Cobre Panama deal
Inmet Mining (IMN-T) has closed a financing deal with streaming and royalty company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion. It’s a bid to cover a funding shortfall at Inmet’s US$6.2-billion Cobre Panama copper-gold…
Advanced Explorations drops on feasibility study
Shares of Advanced Explorations (AXI-V) plunged 37% following the results of its feasibility study on the Roche Bay iron project on the Melville Peninsula in Nunavut.
Plus a change: a trip down memory lane with Frank Callaghan’s International Wayside at Cariboo
With all the hullabaloo swirling around Barkerville Gold Mines (BGM-V) and the hilarious new resource estimate for its Cow Mountain gold deposit in central B.C. that has led to a stock trading halt by the B.C. Securities Commission (T.N.M.,…