Suppliers news: Thiess signs contract in Chile
Queensland, Australia-based contract miner Thiess has landed a A$137-million contract for work at Antofagasta’s Encuentro Oxides open-pit copper project under development in Chile.
Articles by Northern Miner Staff
TSX Venture drops, Aug. 3-7
The S&P/TSX Venture Composite Index dropped 1.2%, or 166 points, to 576.6. Base metals declined across the board after a U.S. employment report showed recovery in the U.S. labour market that could lead to higher interest rates from the U.S….
Editorial: Do FIFO operations aggravate mental health problems?
Worldwide, Western Australia could be considered ground zero for fly-in, fly-out (FIFO) mining operations, with thousands of mining personnel daily making the air commute from home in pleasant cities like Perth to work for long stretches at…
BMO sees ‘better times ahead’ for Primero Mining
VANCOUVER — Primero Mining (TSX: P; NYSE: PPP) is a favoured mid-tier gold producer amongst analysts, and it isn’t hard to see why after a strong second quarter, marked by competitive operating costs and signs of…
Barrick ‘all but assured’ to meet debt target, Canaccord says
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) appears on track to achieve a US$3-billion debt reduction target this year after a few key asset sales, a streaming agreement and a commitment to cutting capital spending across the…
Randgold beefs up exploration in Cte d’Ivoire
Randgold Resources (NASDAQ: GOLD) is stepping up its exploration in Côte d’Ivoire.
Short Position Report
Short positions outstanding at July 31/15 (with changes from July 15/15).
Gemfields unveils maiden ruby resource
It’s not every day a company in the mining sector say its project can deliver an internal rate of return (IRR) of more than 300%. But that’s what Gemfields (LSE: GEM) expects of its majority-owned Montepuez ruby deposit in…
TSX Venture rises slightly, July 27-31
The S&P/TSX Venture Composite Index remains near historic lows despite bouncing back slightly during trading, as it jumped 1.8 points en route to a 594.31-point close. Canada’s gross domestic product dropped 0.2% in May, which brings…
Wolfden keeps the drills turning in Bathurst camp
VANCOUVER — It may very well be the worst market conditions for explorers, but that hasn’t stopped Wolfden Resources (TSXV: WLF) from mounting a drill campaign across its expansive land position in the heart of…
Barrick sells half of Zaldivar to Antofagasta
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is selling a 50% interest in its wholly owned Zaldivar copper mine in northern Chile to Antofagasta (LSE: ANTO; US-OTC: ANFGY) for US$1 billion in cash. The deal will result…
Brazil Resources to buy Whistler project in Alaska
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 has been “to take advantage…