Transition Metals to acquire HTX Minerals
Geologist Scott McLean and geophysicist Keven Stevens set up privately held HTX Minerals in late 2007 and started raising capital for the start-up exploration company in January 2008.
Articles by Northern Miner Staff
Hanlong reneges on Sundance deal
VANCOUVER –Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners but…
Positive economics for Gold Canyon’s Springpole
VANCOUVER — For US$438 million, Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
Banro eyes US$100M financing to get back on track
Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year-end.
El Chanate writedown surprises AuRico shareholders
Despite a $127-million writedown of the El Chanate mine in Sonora, Mexico, Canaccord Genuity analyst Rahul Paul says he isn’t changing his investment thesis on AuRico Gold (AUQ-T, AUQ-N) and is maintaining his US$11 price target on the…
Aurizon gets Casa Berardi back up and running
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 2, 2013 Precious MetalsPrice…
Toronto Stock Exchange, April 1 – 5
The TSX gave away what it gained for investors so far this year, as the S&P/TSX Composite Index dropped 420 points to close at 12,331.85 for the period.
TSX Venture Exchange, April 1 – 5
The S&P/TSX Venture Exchange was not spared in the storm that tore through world markets, managing only one positive day, which wasn’t enough to repair the damage: the index ended the week down 57.2 points, or 5%, at 1,041.85. The…
U.S. Markets, April 1 – 5
The S&P 500 Index hit an all-time closing high early in the trading week at 1,570.25 points, but disappointing jobs data released on April 5 sent the index down 1% for the week to 1,553.28. The Dow Jones Industrial Average closed down 0.10%…
Cost control drives Argonaut’s success
VANCOUVER — While many gold producers have been plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year…
Mucho VMS for Atico in Colombia
VANCOUVER — In the midst of falling markets, Atico Mining (ATY-V) is bucking the trend with exciting drill results that keep adding to the junior’s share price momentum.