Facts ‘n’ figures: GFMS finds gold hedging back in fashion
The following is the summary portion of the report Global Hedge Book Analysis Q2-2011, which is produced by Thomson Reuters GFMS and available in full at www.gfms.co.uk.
Articles by Northern Miner Staff
[Update] Excellon says Mexican union spreading misinformation
Feuding unions at Excellon Resources’ (EXN-T, EXLLF-Q) Platosa polymetallic mine in Mexico’s Durango State have staged multiple demonstrations in recent months and caused seven days of lost production in September.
Commentary: HR challenges in Canadian mineral exploration
The federal government-funded Mining Industry Human Resources Council (MiHR) and the Prospectors and Developers Association of Canada (PDAC) have released a report that analyzes the labour market for mineral exploration in Canada and the human…
Oyu Tolgoi investment agreement safe…for now
Less than two weeks after a group of twenty parliamentarians in Mongolia accused the government of breaking the law when it concluded an investment agreement (IA) on the Oyu Tolgoi project, Ivanhoe Mines (IVN-T, IVN-N) issued a joint statement…
TSX capped by European debt fears
Concerns over the European debt crisis continued to keep North American markets from a healthy recovery as the TSX Composite Index could only claw out a meager 72 points gain over the Oct.3-7 period at 11,588.36 points. The small upward swing…
Venture manages gains in Oct 3 – 7 period
Vancouver – Tentative signs of economic calm were enough to give the TSX Venture Composite Index a gain of 5.33 points in the October 3 to 7 period, the first week in the black since August. The index remained volatile in the period…
U.S. equities stabilize in Oct. 3-7 trading week
Policy moves in Europe and better jobs data in the U.S. helped stabilize equity markets. The Bank of England launched a second round of quantitative easing with a pledge to buy 75 billion pounds (US$115 billion) of assets with new money, while…
Editorial: Lordy, have we hit bottom yet?
The final week of September saw wave after wave of selling pressure across a wide range of commodities.
Timing is everything for Highland Valley union
Ask not what you can do for Teck, but what Teck can do for you.” Such is the motto of United Steelworkers Local 7619, which represents 1,050 of the 1,250 workers at Teck Resources’ (TCK.B-T, TCK-N) Highland Valley copper mine near Kamloops,…
Market news
Toronto Stock Exchange
Detour Gold to acquire Trade Winds
In a move to gain more flexibility exploring the Detour Lake camp, Detour Gold (DGC-T) has proposed a friendly takeover of Trade Winds Ventures (TWD-V) for $84 million.
TerraX rises on assay-less Newfoundland drilling update
TerraX Minerals (TXR-V) has released its second assay-less drilling update in less than a month from its Stewart gold-copper project in Newfoundland’s Burin Peninsula. Shares of the company climbed 8¢, or 26%, on the news, closing at…