U.S. MARKETS APRIL 27-MAY 3
Despite continued fears that a rescue package for Greece will not prevent the sovereign debt crisis from spreading, U.S. equity markets showed signs of life during the April 21-May 3 reporting period,…
Articles by Northern Miner Staff
SPOT PRICES (May 10, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (May 10, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 4, 2010 (change from Apr. 27 in brackets):
PRODUCER AND DEALER PRICES (May 10, 2010)
Antimony: Mid-mkt US$9,033.33/t.
Trelawney hits more gold in step-out program (May 10, 2010)
VANCOUVER — The latest drill results from Trelawney Mining and Exploration’s (TRR-V) Chester project in northern Ontario hit more long gold intercepts at its new Cote Lake target.
Yukon gold explorers strut their stuff
Investors looking for the next great mining destination often look to far-off and exotic lands that they hope will hold the promise of untold riches.But the Yukon Gold Mining Alliance — a consortium of seven mining companies active in the…
PGM outlook good for Canadian companies (May 10, 2010)
Platinum and palladium have made quite the comeback recently and analysts are forecasting that prices will remain strong going forward.This is good news for a few Canadian companies like North American Palladium (PDL-T, PAL-X), with its…
US Gold sees 6-year mine life at Gold Bar
US Gold (UXG-T, UXG-X) has completed a preliminary economic assessment on its Gold Bar project in Eureka County, Nev., that looks at producing 57,000 oz. gold per year from an open-pit mine and heap-l…
Fire River moves ahead on Nixon Fork tailings (May 10, 2010)
Now that Fire River Gold (FAU-V) has received promising results about leftover gold in the tailings at its fly-in Nixon Fork gold mine near McGrath, Alaska, the company is evaluating how much it will …
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Cline Mining raises cash for New Elk coal mine in Colorado
VANCOUVER — Cline Mining (CMK-T) has completed a $45- million financing on the heels of a preliminary assessment for its wholly-owned New Elk coal mine project in southern Colorado.
Gold Fields not as lucky as Centerra in Kyrgyzstan (May 10, 2010)
Investors hoping for a smooth transition of governments in Kyrgyzstan were disappointed that Gold Fields (GFI-N, GOF-L)had run into trouble in the Central Asian country.