Sibanye Gold dives headlong into platinum
In less than a month, South African miner Sibanye Gold (NYSE: SBGL) has announced two acquisitions that will make it a big player in the platinum market, and the fifth-largest PGM producer in the world.
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Short Position Report
Short positions outstanding at Oct. 15/15 (with changes from Sept. 30/15).
TSX Venture rises, Oct. 2-8
The S&P/TSX Venture Composite Index rose 4.1%, or 21.5 points, en route to a 547.04-point close.
Site visit: Wellgreen eyes revival under new management
DESTRUCTION BAY, YUKON – Roughly 30 km southeast from the small settlement of Destruction Bay along the Alaska Highway, which traces the picturesque shores of Kluane Lake in southwestern Yukon, lies Wellgreen Platinum’s (TSX: WG;…
National Mining Hall of Fame to induct five more
U.S. mining industry leaders TS Ary, Frank F Aplan, Ralph E Bailey, John Campbell Greenway and Edward Steidle will be inducted into the National Mining Hall of Fame at a banquet on Oct. 23, 2015, in Pittsburgh, Pa. Based in Leadville, Colo.,…
Editorial: Navigating the new terrain of mine financing
In early October, The Northern Miner was privileged to play host to a roundtable discussion bringing together some of the heaviest hitters and nimblest minds on Bay and Howe streets to hash out the state of alternate finance methods in the…
TNM Roundtable: Industry leaders debate new finance frontiers
Industry leaders weighed in on alternative financing at The Northern Miner’s roundtable discussion titled “New Frontiers in Mining Finance,” held in the offices of Newport Private Wealth in Toronto in early October. The…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
Higher oil and gold lift TSX, Oct. 2-8
Stocks gained ground as higher oil prices lifted the energy-heavy Toronto Stock Exchange, while the prospects of an interest rate increase in the U.S. receded further into the background. Brent crude futures posted four straight closes above…
Suncor goes hostile on Canadian Oil Sands
VANCOUVER — Low crude oil prices have driven market valuations in the energy industry to historic lows, and Suncor Energy (TSX: SU; NYSE: SU) is hoping to take advantage of the downcycle with a hostile bid for Canadian Oil Sands…
Scotiabank’s Mohr: Palladium ‘oversold’
Scotiabank economist and commodity specialist Patricia Mohr says palladium offers the greatest upside within the platinum group metals (PGMs) due to rising demand for car ownership in China and the central government’s wish to improve…
Golden Arrow may point to more ore for Silver Standard
Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) wholly owned Chinchillas silver-lead-zinc project, and the…