Roxgold advances Yaramoko
Pierre Vaillancourt of Macquarie Equities Research has initiated coverage of Roxgold (ROG-V) with an outperform rating and a 12-month target price of $1.50 per share—200% higher than its current trading price of 50¢.
Articles by Northern Miner Staff
SilverCrest bulks up Santa Elena
SilverCrest Mines (SVL-V, SVLC-X) has increased probable reserves of silver by 103% and of gold by 50% at its flagship Santa Elena mine, 150 km northeast of Hermosillo in Sonora, Mexico. Indicated resources of silver have grown by 127% and gold…
Nevsun optimistic about new zone near Bisha
VANCOUVER — Drills probing the Northwest zone, a satellite zone 1.2 km from Nevsun Resources’ (NSU-T, NSU-N) operating Bisha gold mine in Eritrea, are finding high-grade gold, copper and zinc — just not all in the same place.
Editorial: HD on its feet after a tumble
Another chapter closed in the HD Mining International saga, with HD celebrating a win in the federal courts against two B.C. unions who had tried to thwart the junior developer’s efforts to import Chinese workers to take a bulk…
Lucara sells diamonds for $25M
Lucara Diamond (LUC-T) has raked in more revenue than expected from its first special diamond sale for its Karowe diamond mine in Botswana.
Terrorists strike Areva in Niger
Niger’s northern desert hosts world-class uranium deposits, but unfortunately it is also playing host to terrorists.
Solvista rises on long gold-copper intercept at Caramanta
VANCOUVER — The intercept returned a great set of numbers: 457 metres averaging 1.01 grams gold per tonne, 0.21% copper and 2.3 grams silver per tonne, starting at surface. For the team at Solvista Gold (SVV-V), however, the real buzz…
Q1 global gold demand buoyed by jewellery sales in China, India
The following is an edited excerpt from the World Gold Council’s summary of its report, Gold Demand Trends Q1 2013. The full report can be found at www.gold.org.
Centerra hits another roadblock at Kumtor
A swarm of protestors have blocked the only road leading to Centerra Gold’s (CG-T) Kumtor gold mine in Kyrgyzstan in a move to pressure the government to cancel the 2009 Kumtor agreement it signed with the miner.
Another hill to climb for Copper Mountain
Operational issues at the Copper Mountain mine in B.C. are hounding Copper Mountain Mining (CUM-T).
Citibank calls the end of the Supercycle
A new report from Citi Research, a division of Citigroup Global Markets, says returns have peaked for the mining sector, and that this is the year that “the death bells ring for the commodity supercycle after its duly noted…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 28, 2013 Precious MetalsPrice…