Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 20, 2012Precious MetalsPrice…
News
Temex buys blue sky at Juby
Mergers and acquisitions are heating up in the mining-friendly province of Ontario, with Iamgold’s (IMG-T) acquisition in June of Trelawney Mining and Exploration and the proposed friendly takeover of Queenston Mining (QMI-T) by Osisko…
Who dares to mine wins: SAS
St Andrew Goldfields’ (SAS-T) ambitious goal of reaching 100,000 oz. gold production for the year is getting closer to reality.
Editorial: Best and worst of times for gold miners
The hard truth that it’s damn difficult to mine gold consistently at an industrial scale has hit home again these past few weeks, with the release of the latest round of quarterly results from Canada’s gold miners.
Commentary: The state of global platinum supply
The global economic recession caused platinum demand in the car and jewellery sectors to enter a cyclical downturn. However, a substantial supply reduction, after the labour strife in South Africa moved the platinum market from surplus to…
Tirex scores mining licences at Mirdita VMS project in Albania
Vancouver-based explorer Tirex Resources (TXX-V) is making mining history in Albania. On Oct. 29, Tirex acquired 25-year mining licences that encompass six past-producing deposits in the Mirdita volcanogenic massive sulphide (VMS) district…
Amplats settles with striking workers
Mine workers at Anglo American Platinum (Amplats) (AGPPY-O) are going back to work, putting to rest a series of wildcat strikes that all but crippled South Africa’s platinum-mining industry.
MAG Silver faces ‘eviction’ in Mexico
Mexican media reports that landholders from the community of Benito Juarez have voted to expel MAG Silver (MAG-T, MVG-X) from its Cinco de Mayo polymetallic property in Chihuahua State, Mexico, and ban mining in the area for 100 years, sent…
Coeur d’Alene shares hammered by weak Q3
Shares in Coeur d’Alene Mines (CDM-T, CDE-N) took a beating after the silver and gold miner posted a third-quarter net loss of US$15.8 million, or US18¢ a share, which included a non-cash, fair-market value adjustment of US$37.6…
Taseko hedges its bets with Yellowhead shares
In mid-September, Taseko Mines (TKO-T, TGB-X) made a second attempt at permitting its US$1.1-billion New Prosperity copper-gold project in B.C., submitting a revamped environmental impact statement with a US$300-million plan to salvage…
Tower Resources writes a new chapter in BC gold
Vancouver-based explorer Tower Resources (TWR-V) did not stray far from home when it came time to pick its projects. Boasting a strong technical team with a history of success in Western Canada, Tower has cobbled together a portfolio of highly…
Argentum gathers momentum in Mexico
Argentum Silver (ASL-V) has been pulling impressive intercepts out of the El Tajo and La Colorada veins at its Coyote silver project in Mexico since acquiring 100% of the project from Soltoro (SOL-V) in August.