Century Mulls Its Options At Lamaque
Junior gold producer Century Mining (CMM-V, CMNZF-O) has nailed down a conditional underwriting commitment for US$65 million to restart Lamaque, a gold mine in Quebec that historically has produced mo…
Articles by Northern Miner Staff
HudBay Posts Q1 Loss
Lower copper and zinc prices sent HudBay Minerals’ (HBM-T, HBMFF-O) net earnings into negative territory in the first quarter of 2009, but lower operating costs helped cushion the fall.
Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
GEM: The Feds’ New Fund For Arctic Exploration
In its 2008 budget, the Canadian government described a “Vision for a New North” which included spending $34 million over two years on a program called “Geo-mapping for Energy and Minerals,” or GEM.
People (May 18, 2009)
Avanti Mining — Thomas Gunthardt appointed project manager for the Kitsault project.
Caterpillar Records Q1 Loss
Since late last year, Caterpillar (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 workers from its part-time payroll, bringing its redundancy costs in the first quarter to…
U.S. Markets -May 5 -11
During the May 5-11 reporting period, the Dow Jones Industrial Average inched up 8.12 points or 0.1% to 8,418.77, while the Standard & Poor’s 500 index rose 5.44 points or 0.6% to 909.24.
TSX Venture Exchange – May 5 -11
For the May 5-11 reporting period, the S&P/TSX Venture composite index more or less subscribed to a maxim held by turtles: Slow and steady wins the race. The Venture board saw four straight days o…
Producer And Dealer Prices (May 18, 2009)
Antimony: Mid-mkt US$4,250/t.
Daily Metal Prices (May 18, 2009)
Date May 11 May 8 May 7 May 6 May 5 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1227/1255 1251/1290 1300/1330 1241/1300 1260/1350 Alumi…
Red Hill Prefeasibility Sees US$337M Mine At Ulaan Ovoo
VANCOUVER — A prefeasibility study has returned positive economics for Red Hill Energy’s (RH-V, RHFFF-O) Ulaan Ovoo project at moderate thermal coal prices.
Cameco’s Q1 Profit Sinks 38%
Higher production costs in its uranium business chipped away at Cameco’s (CCO-T, CCJ-N) profits in the first quarter of 2009.