Gold mines to inject new life into Canada’s far north

Up $4.17 a share.

Prime Minister Chimed Saikhanbileg said Friday his country should take charge of how long a dispute a expansion of the copper and gold mine has taken.

BHP Billiton spin-off worth just $7 billion when based on current spot prices for commodities.

Despite their recent underperformance, David H. Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system.

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

It has been a tough year for investors in silver mining stocks, with the precious metal seeing its price plunging by over 14% and stubbornly remaining under US$20 per ounce.

Hecla Mining (NYSE:HL) has expanded its operations in the western United States with the purchase on Friday of Revett Minerals (TSX:RVM) in an all-stock deal worth $20 million.

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.