Northair finds more to draw on from La Cigarra
International Northair Mines (INM-V) continues to pull stellar core out of its La Cigarra silver project in Mexico.
Articles by Northern Miner Staff
TSX moves up during the July 16-20 week
The S&P/TSX Composite Index gained for four straight sessions during the July 16-20 trading week, before dipping on July 20 to end at 11,622.91 points, up 108.38 points from where it began.
U.S. equities manage small gain, July 16-20
Wall Street enjoyed a three-day winning streak and ended the July 16-20 trading week in positive territory despite sobering news on Friday that Spain’s indebted region of Valencia had asked the central government for financial aid,…
Semafo stumbles on Mana expansion update
Montreal-based gold producer Semafo (SMF-T) found out how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 km west of Ouagadougou, Burkina Faso. Originally expected early…
Cline hit hard by falling coal demand, suspends New Elk ops
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…
BCSC questions Barkerville’s mega resource
The British Columbia Securities Commission has raised concerns about a 10.6-million-oz. gold resource estimate that Barkerville Gold Mines (BGM-V) released on June 28.The concerns, based on a draft technical report supplied to the BCSC,…
Spanish coal miners”Black March’ ends in Madrid
Spanish coal miners protested their industry’s “disappearance” at the Ministry of Industry in Madrid after a month-long, almost 500-km Marcha Negra, or “Black March.” The march was initiated on foot by 80 miners…
People
Bannerman Resources — Mason Hills retired as a director; Ian Burvill appointed a director.Brazil Resources — Victor Jamarillo appointed technical director; Paulo Espellet appointed senior geologist.Forsys Metals — Rowen…
US market
The S&P 500 and Dow Jones Industrial Average erased losses for the week in the last hour of trading as better-than-expected economic data from China lifted investor sentiment. The country clocked year-on-year growth of 7.6% during the…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 16 July 13 July 12 July 11 July 10 US$ in C 1.0157 1.0151 1.0214 1.0195 1.0203 …
Glencore, Xstrata merger faces investor scrutiny
A deal that would be a defining transaction in the natural resource sector is facing pointed criticism from a group of activist investors. Prominent shareholders of mega-miner Xstrata (XTA-L) are questioning the inherent value in a…