Metals, mining and money markets
Spot prices Courtesy of Scotiabank Tuesday, September 16, 2014 Precious Metals Price (US$/oz.) Change Gold $1,238.75 -17.25 Silver $18.75 -0.25 Platinum $1,369.00 -26 Palladium $839.00…
News
Ontario’s jackleg drilling champion crowned
This year’s North American Mining Expo in Sudbury featured a new attraction — the inaugural Ontario Jackleg Drilling Competition.
Commentary: Securing uranium supply: Why the spot price is rising
For those who may not have been following the uranium sector, the spot price for uranium oxide has climbed more than US$3.50 per lb. in a matter of weeks. Recent events over the past year have woken utilities up to the fact that securing…
Editorial: In M&A, Canada goes for the gold
A healthy pace of mergers and acquisitions is usually a positive sign in any industry, and so the rebounding M&A scene in Canadian mining over the past few months is encouraging.
Mines ministers talk transparency in Ontario
Sudbury played host to this year’s Energy and Mines Ministers’ Conference in late August. The annual gathering of federal and provincial mining and energy ministers is meant to foster discussion and collaboration to advance…
Juniors optimistic at the Precious Metals Summit
BEAVER CREEK, COLORADO — The fourth annual Precious Metals Summit, held at an exclusive ski resort in Beaver Creek, Colo., kicked off on Sept. 10, with more than 100 select juniors presenting over two days.
Transition Metals and Implats to resume drilling at Sunday Lake
In April the Northwestern Ontario Prospectors Association awarded the Bernie Schneiders Discovery of the Year Award to joint-venture partners Transition Metals (TSXV: XTM; US-OTC: TNTMF) and Impala Platinum Holdings for their discovery in…
TSX Venture retreats for second week, Sept. 8-12
The S&P/TSX Venture Composite trended downward for a second straight week during the trading period, losing 6.96 points en route to a 987.93-point close. Commodity futures struggled during weekly trading, with the energy sector pressured by…
TSX drops, Sept. 8-12
Canada’s main stock index fell during the trading week. The S&P/TSX Composite Index dropped 38 points to 15,531.58. The spot price for gold plunged US$40 to US$1,228.30, while the S&P/TSX Global Gold Index stayed relatively flat…
Wall Street indexes slide, Sept. 8-12
After five straight weeks of gains, U.S. equity indexes dropped as President Barack Obama authorized air strikes against the terrorist group ISIS and imposed more sanctions against Russia. The Dow Jones Industrial Average fell 0.87% to…
Ontario mines still power Goldcorp
Goldcorp (TSX: G; NYSE: GG) has been so growth-oriented over the past decade — building new mines across the Americas and snapping up gold assets left and right — that it’s easy to forget sometimes just how productive its…
De Beers studies Victor extension as mine life wanes
With a mine life that ends in 2018, the ore is running out at Ontario’s only diamond mine — De Beers’ Victor mine, 90 km west of Attawapiskat.