Starcore has had ‘a big year,’ CEO Robert Eadie says
Starcore International Mines (TSX: SAM), the owner of the San Martin gold-silver mine in Queretaro, Mexico, has added seven assets to its portfolio over the past year.
Articles by Northern Miner Staff
Pan American Silver expands Mexico operations
At a time when lower commodity prices are fuelling cost-cutting and restructuring plans across the mining sector, Pan American Silver (TSX: PAA; NASDAQ: PAAS) is pushing ahead with expansion projects at two of its three mines in Mexico, and…
Goldcorp, Teck join forces to tackle El Morro in Chile
El Morro, the large undeveloped gold-copper deposit in northern Chile, will become the focus of a joint venture (JV) between Goldcorp (TSX: G; NYSE: GG) and Teck Resources (TSX: TCK.B; NYSE: TCK), giving it a better chance of reaching its…
US stocks swoon before recovering mid-week, Aug. 24-28
U.S. equities were in free-fall during the first two days of the week, as Chinese stock indexes plunged nearly 9% and 8%, respectively — among their worst performances since December 1996 — while the price of West Texas Intermediate…
Analyst: Oban’s four-way merger should inspire weary juniors
Market realities are starting to bite, and the combination of Oban Mining (TSX: OBM) with three other companies is a good model to emulate at a time when most management teams in the junior mining sector are struggling to keep their…
Newmont sells stake in Swiss gold refinery for US$119 million
Newmont Mining (NYSE: NEM) has sold its 60.6% stake in the Valcambi gold refinery in southeast Switzerland to a subsidiary of Rajesh Exports. The sale netted the miner US$119 million in cash.
TSX ends up higher, Aug. 24-28
The Toronto Stock Exchange finished in positive territory as investors took in higher oil prices and news that the Chinese government cut interest rates again to bolster its slowing economy. The S&P/TSX Composite climbed for four…
Minera IRL’s shareholders remove chairman Hodges
In less than a month, Minera IRL (TSX: IRL; LSE: MIRL) has lost community support for its Ollachea gold project in Peru, dismissed its interim CEO, and most recently, shown its executive chairman Daryl Hodges the door.
Gold miners must lower costs, BMO’s Kaip says
VANCOUVER — It’s been a rough run for gold equities over the past few years, but recent performances by major and intermediate producers seem to hint at an industry that’s getting its balance sheets and cost structures in…
Sierra Metals turns up the heat in Mexico
In July, Sierra Metals (TSX: SMT) appointed as its vice-president of exploration Matthew Wunder — a geologist who during his career was part of a group at Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) that discovered and developed the…
Facts ‘n’ figures: Asia drags down gold demand in Q2
The following is an edited summary of the World Gold Council’s Gold Demand Trends report for this year’s second quarter. For the full report, please visit www.gold.org
TSX Venture bounces back, Aug. 24-28
VANCOUVER — The S&P TSX Venture Composite Index rallied amidst a general market recovery during the Aug. 24-28 trading period, as it jumped nearly 3.4%, or 18.15 points, en route to a 555.67 point close.