TSX drops, July 6-10
Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…
Articles by Northern Miner Staff
Abitibi Royalties inks three deals in 30 days
Within a month of launching an online platform that junior mining companies and prospectors can use to pitch their properties to Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF), CEO Ian Ball says the company has received 41 submissions…
Western Lithium, Lithium Americas eye strategic merger
VANCOUVER — On June 30, juniors Western Lithium (TSX: WLC; US-OTC: WLCDF) and Lithium Americas (TSX: LAC) announced a strategic business combination agreement the companies hope will create a “leading…
Odds ‘n’ sods: No good deeds go unpunished at drill job in the Yukon
Our company was completing a drill program out of Mayo, Yukon Territory, in February 1996. We had to build an ice bridge over the McQuesten River, plus 21 km of winter road to the top of Red Mountain (5,000 feet elevation) and complete 5,000…
Wall Street dips, June 29-July 2
U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…
S&P/TSX index slips, June 29-July 3
Uncertainty over Greece and the euro ahead of the country’s July 5 referendum on austerity measures weighed on markets during the trading week, which was shortened due to the Canada Day holiday on July 1. The S&P/TSX…
Canarc to acquire fully permitted project in Mexico
Catalin Chiloflischi joined Canarc Resource (TSX: CCM; US-OTC: CRCUF) as its CEO in January 2014, partly because he felt confident the junior could mirror the success in Mexico that its founder and chairman, Bradford Cooke, had achieved at…
Auryn to buy North Country Gold
If the past is any guide, Shawn Wallace has a knack for spotting good projects. Last year, the mining executive sold a company that he co-founded called Cayden Resources to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) for a tidy $205…
Kaizen to buy Pinaya in Peru
Kaizen Discovery
Editorial: China stock market crash hits commodities
While the year-long bubble in the Chinese stock market didn’t translate into higher commodity prices, the spectacular bursting of the bubble over the past month has slammed a wide swath of commodities — including iron ore, copper,…
Denison, Fission join forces in the Athabasca
VANCOUVER — Lukas Lundin’s Denison Mines (TSX: DML; NYSE-MKT: DNN) and exploration powerhouse Fission Uranium (TSX: FCU; US-OTC: FCUUF) have agreed on a deal that could create the second-largest pure uranium…
Bathurst geologist Baldwin celebrated
A plaque honouring geologist Ben Baldwin was unveiled in May at the Promenade Waterfront in Bathurst, N.B. Baldwin discovered zinc-lead mineralization in rocks near Austin Brook as he prepared his thesis while studying at the University of New…