Cliffs hit by falling prices, cold weather
A harsh winter and low iron-ore and coal prices ensured that Cliffs Natural Resources (NYSE: CLF) would disappoint on its first-quarter earnings.
Articles by Northern Miner Staff
TSX falls with miners and gold, May 5-9
The S&P/TSX Composite Index was down 223 points to 14,534.06 for the period, as the loonie fell on weak jobs numbers and worries that sluggish economic growth could persist.
Fortune to buy Revenue mine in Colorado
Fortune Minerals (TSX: FT; US-OTC: FTMDF) is buying 100% of the Revenue polymetallic mine in southwestern Colorado in a staged transaction, putting it a step closer to becoming a junior producer.
Meadowbank improvements lift Agnico’s profits
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) wrapped up a strong first quarter, with profits of US$109 million, ahead of the US$24 million earned in the same period last year.
Mongolian gov’t looks to end dispute with miners
VANCOUVER — Reports have surfaced that discussions within the Mongolian parliament may end a stalemate between the central government and international mining companies active in the country.
Klondex outlines low capex mine at Fire Creek
VANCOUVER — For a capital investment of US$50 million, Klondex Mines (TSX: KDX) could turn its Fire Creek project into an underground mine churning out 56,000 oz. gold annually at an all-in cost of US$636 per oz., according to…
Metals Commentary: Indonesia export ban crimps China’s bauxite supply: Wood Mackenzie
The following is an edited commentary by U.K.-based metals and energy analysts Wood Mackenzie.
A mixed bag for U.S. equities, May 5-9
The Dow Jones Industrial Average ended the week 0.43% higher at 16,583.34, on the back of remarks by U.S. Federal Reserve Chair Janet Yellen that the U.S. economy needs support, and that the central bank would keep monetary policy…
Nevsun’s coffers swell as it shifts Bisha to copper
VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…
Fission 3.0 looks to score a three-peat in the Athabasca
VANCOUVER — Here’s hoping Fission 3.0 (TSXV: FUU; US-OTC: FISOF) is a chip off the old block when it comes to uranium exploration success stories.
Ucore scores major victory in Alaska
The Alaska State Legislature has unanimously passed a bill that authorizes the Alaska Industrial Development and Export Authority (AIDEA) to issue bonds of up to US$145 million to finance some of the infrastructure costs of Ucore Rare…
Ximen sizes up gold, silver potential in southern BC
VANCOUVER — It’s early days for the team at Ximen Mining (TSXV: XIM; US-OTC: XXMMF), but president and CEO Christopher Anderson has big plans for its historic gold and silver projects in southern B.C. Ximen has locked down a pair of…