Coal and copper fuel BC’s mining boom
Vancouver — Price increases for metals and mineral commodities propelled British Columbia’s mining industry to its best performance in the 38-year history of an industry survey compiled by the accoun…
Articles by Northern Miner Staff
Instability could place Peru in peril
Lima, Peru — As soaring oil prices and equipment delays push miners’ operating costs to record levels, bullion is offering some insurance, and mining companies in Latin America are gratified that the…
Barrick takes stake in Midway Gold (May 29, 2006)
Vancouver — In what has become an increasingly common strategy among majors, Barrick Gold (ABX-T, ABX-N) will participate in a financing by Nevada-focused explorer Midway Gold (MDW-V, MDWGF-O)….
Nevsun ships gold from Tabakoto
Vancouver — The first shipment of gold produced from the commissioning phase of the Tabakoto open-pit mine in Mali, West Africa, has elevated Nevsun Resources (NSU-T) to the ranks of junior gold prod…
Bema’s losses up, despite higher gold output
Vancouver — Record quarterly revenue and gold production was not enough to quell the red ink for Bema Gold (BGO-T, BGO-X, BAU-L), which posted a first-quarter loss of US$35.5 million, or 8 per share…
Producer and Dealer Prices (May 29, 2006)
TSX Venture Short Positions (May 29, 2006)
Short positions outstanding at May 15, 2006 (with changes from April 30)….
CNQ Trading (May 29, 2006)
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Int’l Minerals tops up treasury to develop Rio Blanco
Vancouver — Closure of its $92-million public offering has International Minerals (IMZ-T, IMZLF-O) with funds in hand to advance construction and development of its Rio Blanco gold-silver project in…
Northgate makes hostile bid for Aurizon
Vancouver — As part of a strategy to boost its production profile and market valuation, Northgate Minerals (NGX-T, NXG-X) has launched an unsolicited takeover bid for Aurizon Mines (ARZ-T, AZK-X), a…
Editorial: Mongolian gov’t betrays Western miners
Mid-May saw the executives of the West’s mining and mineral exploration companies mentally move Mongolia from the “promising underdog” column over to the one titled “Third World basket-case” — so joi…
Gold — as good as cash
MINING EXPLAINED…