Cameco puts Cigar Lake on ice
VANCOUVER — Cameco (TSX: CCO; NYSE: CCJ) has suspended mining at its Cigar Lake uranium mine in Saskatchewan so that the high-grade orebody can freeze — a necessary step in mining the waterlogged deposit.
Articles by Northern Miner Staff
Barrick CEO Sokalsky stepping down
Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing its CEO role and naming two executives as…
Panoro could get snapped up, Laurentian says
Panoro Minerals (TSXV: PML; US-OTC: POROF) has completed a $5.8-million equity financing of 13.8 million shares at 42¢ underwritten by Laurentian Bank Securities and National Bank Financial. The money will help further exploration work at…
Corsa Coal to acquire PBS Coals
Severstal Resources, one of Russia’s largest producers of iron ore and coking coal and a division of Severstal (LSE: SVST), plunked down US$877 million in 2008 to buy PBS Coals, a privately held company in southwestern Pennsylvania with…
Intergeo’s rescue of Mercator on brink of collapse
Mercator Minerals (TSX: ML; US-OTC: MLKKF) will likely be in more financial trouble than ever, if the proposed business combination with Russia’s Intergeo falls through.
U.S. equities edge higher, July 14-18
The downing of a Malaysia Airlines passenger jet by suspected pro-Russian militants in Ukraine and Israel’s invasion of Gaza triggered a sell-off on July 17, but U.S. markets ended the trading week in positive territory, with the Dow…
Mining, metals and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 22, 2014Precious MetalsPrice…
Lundin on track at Eagle in the UP, responds to acquisition speculation
VANCOUVER — Lundin Mining (TSX: LUN; US-OTC: LUNMF) looks to be on point at its newest acquisition, namely the Eagle nickel–copper mine, 45 km northwest of Marquette, Mich. The base metal miner picked up the asset from Rio…
Barrick finds Saudi partner for stalled Jabal Sayid project
VANCOUVER — Saudi Arabian Mining Co. is buying a 50% stake in the Jabal Sayid copper project from Barrick Gold (TSX: ABX; NYSE: ABX) for US$210 million.
Premier’s Hardrock grows in quantity and quality
Another 86,500 metres of drilling and a deeper Whittle shell using steeper pit walls has increased the size of Premier Gold Mines’ (TSX: PG; US-OTC: PIRGF) flagship Hardrock deposit in northern Ontario, the company says.
TSX Venture loses ground for a second week, July 14-18
The S&P/TSX Venture Composite Index finished in the red for a second straight week after dropping 10.69 points en route to a 1,012.24-point close. Investors are monitoring geopolitical uncertainty in the Ukraine, as well as ongoing armed…
TSX gains despite geopolitical woes, July 14-18
The S&P/TSX Composite Index ended the week in positive territory, advancing 141.07 points to 15,266.57, as investors shrugged off war in the Middle East and Ukraine, and focused on corporate earnings. The S&P/TSX Capped Diversified…