Osisko gets breathing room from creditors
With margins being squeezed by falling metal prices, miners that used debt financing to build projects are feeling the need for some relief.
Articles by Northern Miner Staff
Russian-Belarusian potash dispute grows with arrests, oil supply cuts
VANCOUVER – Belarus’ move to arrest the head of Russian potash major Uralkali (LSE: USKA) on suspicion of corruption and abuse of power erased all hope that the latest spat between Belarus and Russia would fade away and allow…
Gabriel pushes forward at Rosia Montana gold project
Gabriel Resources (TSX: GBU) is intent on proving the naysayers wrong and the latest word out of Romania indicates it may well be on its way to doing just that.
Lundin has consolidation opportunities, Laurentian Bank says
Chris Chang of Laurentian Bank Securities has initiated coverage of Lundin Mining (TSX: LUN) with a buy rating and a target price of $5.50 per share and argues the company is well positioned to capitalize on the weak commodity price environment…
Feds flag funds for Yukon mining innovation centre
VANCOUVER — The federal government is hoping it can generate jobs and ease a skilled labour shortage in the Yukon’s mining industry with a $5.6-million investment that will fund the creation of a new Centre for Northern Innovation…
Golden assays keep True Gold’s drills turning at Karma
VANCOUVER — With promising drill results and money in the bank, True Gold Mining (TSXV: TGM; US-OTC: RVREF) keeps adding to the drill program at its Karma project in Burkina Faso.
Kootenay drives Promontorio to new heights
While investment in silver juniors has been sluggish for most of the year, Kootenay Silver (TSXV: KTN; US-OTC: COOYF) isn’t letting the malaise slow it down.
AuRico’s Q2 hits the mark
AuRico Gold (TSX: AUQ; NYSE: AUQ) has met second-quarter earnings expectations after adjusting for US$105 million in non-cash charges, mostly related to its El Chanate gold mine in Mexico.
Investment commentary: Searching for value amidst a wave of writedowns, pt. 2
Last week we looked at an opportunity that may have opened up with the recent writedowns taken by senior gold producers.
African Barrick latest to cut ties with CEO
With relatively new CEOs in place at Kinross Gold (TSX: K; NYSE: KGC), Newmont Mining (TSX: NMC; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: ABX), it was perhaps only a matter of time before one of the poorest…
Excellon hurt by lower silver prices
Excellon Resources (TSX: EXN; US-OTC: EXLLF) is another junior miner hit by the recent downward trend in metal prices. It booked a second-quarter net loss of $5 million, or 9¢ per share, compared to a $478,000 profit, or 1¢ per share,…
Commentary: Executive compensation and M&A: How not to get burned in a fire sale
Rising costs, lower prices and market skepticism led to a decrease in mergers and acquisition (M&A) activity throughout the mining sector. However, as I pointed out in my previous article, “Executive compensation and M&A:…