Iamgold, Calibre set to drill in Nicaragua
VANCOUVER — Iamgold (TSX: IMG; NYSE: IAG) has given Calibre Mining (TSXV: CXB; US-OTC: CXBMF) the green light to drill the high-grade, epithermal gold-silver veins that swarm across the partners’…
Articles by Northern Miner Staff
PDAC 2016: Canadian bankers ponder future of mining finance
Debt, balance sheet repair and available financing were the main themes of a panel discussion on capital markets at the Prospectors & Developers Association of Canada convention. Since the early…
New Millennium sticks to its guns in fight with dissidents
New Millennium Iron (TSX: NML) is in the throes of a proxy fight as disgruntled shareholders aim to replace the company’s board of directors at a special shareholders’ meeting in mid-March.
Fission heats up PLS with twin ‘book-end’ discoveries
VANCOUVER — Fission Uranium (TSX: FCU; US-OTC: FCUUF) is back in the discovery business at the Patterson Lake South (PLS) uranium project in Saskatchewan’s Athabasca Basin following a year filled with uncertainty.
Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
Richmont boosts gold reserves 187%
Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is reaping the rewards of its extensive drilling campaigns last year, with a combined 187% increase in reserves at its two gold mines: Island Gold in Ontario and Beaufor in Quebec.
TSX Venture posts strong gains, Feb. 15-19
The S&P/TSX Venture Composite Index hit a three-month high, rising 3.8%, or 19.65 points, to a 530.79-point close, boosted by strong metal prices.
Mines Management president ‘elated’ with Montanore approval
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in…
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Richmont CEO Renaud Adams: ‘Now we control our destiny’
Richmont Mines’ (TSX: RIC; NYSE-MKT: RIC) president and CEO Renaud Adams talked to The Northern Miner about the 187% reserve increase at its two gold mines. Reserves at the Island Gold mine in Ontario grew 206% to…
US stocks soar, Feb. 15-19
The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…