Sunward grows the resource in Colombia
Sunward Resources (SWD-T) believes it could be sitting on top of Colombia’s next gold district and its latest resource estimate lends some credit to the notion.
Articles by Northern Miner Staff
US markets negative again, May 28-June 1
U.S. markets re-opened May 29 after the Memorial Day holiday to more worrying economic news on the home front, with jobs growth slowing again in May and the unemployment rate rising to 8.2%, up from 8.1% in April. The Dow Jones Industrial Index…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 28 May 25 May 24 May 23 May 22 US$ in C 1.0241 1.0285 1.0275 1.0275 1.0191 …
Is more uranium consolidation on the way?
The Fukushima nuclear disaster may have winded the nuclear power and uranium markets, but the furious pace of consolidation in the uranium mining sector is leaving investors betting on the next takeover target.So far this year, no less than…
Changes for Ivanhoe as Rio Tinto takes driver’s seat
Ivanhoe Mines (IVN-T, IVN-N) is shifting gears as it adjusts to Rio Tinto (RIO-N) having acquired a majority ownership stake in the company, and first production approaches at its Oyu Tolgoi copper-gold-silver mine in Mongolia.Ivanhoe released…
U.S Markets
Volatility remains the buzzword following a roller-coaster ride of a week on Wall Street that saw indexes plunge to multi-month lows before rebounding to modest weekly gains. The Dow Jones Industrial Average fell to 12,315.95 before making a…
The China paradigm and commodity demand
After hosting two days of meetings with government policy advisors, experts and consultants about China’s medium- to long-term demand for commodities, the Nomura Group concludes the country’s industrial demand is “moving to…
Hana plunges on Ghanzi PEA disappointment
Hana Mining’s (HMG-V) share price dropped 68% after the company released a long-awaited preliminary economoc assessment (PEA) on the Banana zone and zone 5 at its 70%-owned Ghanzi copper-silver project in northeastern Botswana.The news…
Bolero jumps on graphite trend
Proving there is healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured prospective graphite claims in northern Ontario.The claims are contiguous to Northern…
People
Abzu Gold — Allan Serwa resigned as CEO; Tim McCutcheon appointed CEO and a director.Alcoa — Max Laun appointed VP and general counsel; Donna Dabney top retire Aug. 1 as VP and corporate secretary; Audrey Strauss appointed chief…
Market News
Toronto Stock Exchange
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 29, 2012 Precious MetalsPrice…