Yamana recruits former Augusta execs to head Brio Gold
Looking to wring more value out of its non-core assets in Brazil, Yamana Gold (TSX: YRI; NYSE: AUY) is creating a 100%-owned subsidiary named Brio Gold.
Articles by Northern Miner Staff
Wall Street gets slammed, Dec. 8-12
The market sell-off on Wall Street was one of the worst in more than two years as oil dropped below US$62 a barrel and China reported more weak economic data. The S&P 500 Index fell 3.5% to 2002.33 and the Dow Jones Industrial Average…
GoviEx pitches Madaouela uranium project in Niger
Before listing on the Canadian Securities Exchange in June, the small corporate team at GoviEx Uranium (CSE: GXU) raised over $100 million privately to advance their Madaouela uranium project in Niger.
Thompson Creek shutters Endako
VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and maintenance…
TSX Venture hits new low, Dec. 8-12
The S&P/TSX Venture Composite Index finished in the red after losing 6.9%, or 48.21 points, en route to a 653.78-point weekly close. Energy stocks floundered during a freefall in crude oil prices, as the International Energy Agency slashed…
Aurcana improves operations at La Negra
VANCOUVER — It’s all about boosting near-term liquidity for silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) as it grapples with a high debt load and falling metal prices. On Dec. 1 the company released its…
Miners struggle to adapt to lower coal prices
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.
TSX continues decline, Dec. 8-12
Canada’s benchmark index fell during the trading week as investors fretted over plunging oil prices and weaker-than-expected economic data from China. The S&P/TSX Composite Index lost 742.65 points, or 5%, to end at 13,731.05. The…
Asian Mineral capitalizes on first-mover status in Vietnam
VANCOUVER — It’s been a long journey for Asian Mineral Resources (TSXV: ASN; US-OTC: AIERF) at its Ban Phuc nickel-sulphide project, 160 km west of Hanoi in Vietnam’s Son La province, but the company’s patience is about…
Editorial: More Tsilhqot’in fallout in BC
One recent resource development story in B.C. shows how the ground rules for project developers are changing forever in the province after the Supreme Court of Canada’s precedent-setting Tsilhqot’in decision in June and Imperial…
Dundee: Gold miners continue to wrestle with costs
VANCOUVER — Cost optimization has been an underlying theme for gold miners over the past few years. Falling metal prices and frugal capital markets have made it hard to balance sustainable production growth and strong profit margins. In…
Cash preservation is the name of the game at Alderon
With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a “comprehensive” cash preservation program.