LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 6, 2012 (change from Jan. 30 in brackets):
Articles by Northern Miner Staff
Market news
Toronto Stock Exchange
Canadian Mining Hall of Fame welcomes five inductees
The Canadian Mining Hall of Fame, of which The Northern Miner is a sponsor, welcomed five new inductees at its twenty-fourth annual induction dinner in mid-January at the Fairmont Royal York Hotel in Toronto.
Canaccord brokers pile back into North Country
At least 14 Canaccord Genuity brokers have picked up shares in Nunavut-focused gold explorer North Country Gold (NCG-V) in a recent private placement. North Country raised $12 million in late December by issuing 10.2 million flow-through shares…
First Point shares up 105% so far in 2012
The junior mining sector is off to a good start in 2012, though few companies have seen their share price rise as much as First Point Minerals (FPX-V). The company’s shares are up 105% since Dec. 30, climbing from a near-52-week low of 41¢…
Latin American Minerals clarifies and bounces back
Instead of the pomp normally associated with a new mine opening, Latin American Minerals (LAT-V) dashed investors’ hopes of any ceremonies on Feb. 1 by announcing that it was suspending operations at what was set to become Paraguay’s…
Glencore, Xstrata to create megaminer
Commodities trader Glencore International (GLEN-L) is looking to combine with Xstrata (XTA-L) in an all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome,…
Elgin’s bid for Gold-Ore to create new Arctic gold producer
With gold equities having largely underperformed for more than a year despite gold prices hitting a series of new all-time highs, many predict a fresh wave of M&A activity for the gold sector in 2012, arguing it now represents one of the…
Pilot Gold hits high grade in search for next Long Canyon
Vancouver – On the hunt for the next Long Canyon deposit, Fronteer spin-out Pilot Gold (PLG-T) thinks it has found just that some 75 km southeast of its original Nevada discovery.
Canada/China sign landmark uranium deal
A new trade deal allowing exports of Canadian uranium to China is producing cheers from uranium companies across the country. The deal was one of several agreements signed during a visit this week to China by Canadian Prime Minister Stephen…
Round-up of explorers in Idaho
Ask a mining investor about gold in Idahoand Midas Gold (MAX-Tt) will likely be the first name that pops to mind. The company has put itself at the forefront of the conversation by proving up 5.8 million oz. of the yellow metal at its Golden…
Regulus and Pachamama announce merger, more Rio Grande results
Vancouver – Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) have decided make the arrangement formal and merge into one company.