Alpha rebuffs Fission’s $170M offer
VANCOUVER — After almost ending up a neglected project on Denison Mines’ (TSX: DML; NYSE-MKT: DNN) shelf, a 50% stake in the Patterson Lake South (PLS) uranium project has sparked a $170-million takeover.
Articles by Northern Miner Staff
Iamgold marches forward as cost cuts continue
Despite posting a second-quarter loss of US$28.4 million compared to a US$52.9-million profit a year ago, Iamgold (TSX: IMG; NYSE: IAG) says its operations are performing as expected, as it reins in spending amid declining quarterly revenues,…
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…
Editorial: Gold’s time to shine
Breathe a sigh of relief: Gold’s up over US$1,400 an ounce again … at least for now.
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:…
The majestic rise of Imperial’s Red Chris
DEASE LAKE, B.C. — Buying used equipment. Building the small mine envisioned by previous project owners because it was already permitted. Funding the $500-million capital cost from cash flow, supplemented by a loan from a single…
TSX and TSX Venture Exchange warrants
The following are the mining-related warrants now trading on the Toronto Stock Exchange and the TSX Venture Exchange:
Sabina drills more shallow mineralization at Back River
Sabina Gold & Silver (TSX: SBB) has completed its drill program for the year on the George property at its flagship Back River project in Nunavut, and intercepts from the shallow portion of the property’s Lone Cow Pond South zone…
Wesdome discovers new gold structures at Eagle River
VANCOUVER — Toronto-based producer Wesdome Gold Mines (TSX: WDO) enjoyed a warm reception from markets following news of underground drilling success at its wholly-owned Eagle River mine located 50 km west of Wawa, Ontario. The company is…
Toronto Stock Exchange, Aug. 12-16
The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.
Azarga takes stake in Powertech
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…