Cambior looking to shed assets
In a new strategy aimed at reducing its heavy debt burden, Cambior (CBJ-T) has announced its intention to sell “substantial” gold or base metal assets, or both, and begun soliciting offers from intere…
Articles by Northern Miner Staff
Champion boosts phosphate production
With demand for phosphate growing in international markets, Champion Resources (CHL-V) has decided to double planned production at its Farim deposit in Guinea Bissau, a small independent state in West…
CDNX small-cap market blasts off
The Alberta and Vancouver stock exchanges have officially merged to form the Canadian Venture Exchange.The new exchange, dubbed CDNX, came to life with just under 2,500 stock listings and began tradin…
Study calls for more work at Jericho
Based on the positive results of a prefeasibility study, Tahera (TAH-T) is evaluating financing options for its Jericho diamond project in Nunavut, 420 km northeast of Yellowknife, N.W.T.The independe…
Cornerstone among first to list on CDNX
Cornerstone Capital Resources (CTP-V) is among the first companies to obtain a listing on the new Canadian Venture Exchange. The company began trading in late November, having completed a public offer…
Akrokeri-Ashanti ups output
Junior Akrokeri-Ashanti Gold Mines (AAGM-C) has nearly doubled production rates at its Jeni alluvial property in Ghana, West Africa.About 300 cubic metres of alluvium are being treated hourly, which i…
A note about the CDNX and our stock pages
On Nov. 29, the new Canadian Venture Exchange (CDNX) replaced the Vancouver and Alberta stock exchanges. Companies found listed on either of the old western exchanges are now listed on the new exchang…
Nord Pacific liquidates nickel asset in PNG
Spooked by sub-par performances at the much-heralded new nickel laterite mines in Australia, Nord Pacific (NPF-T) intends to sell its 31.5% interest in the Ramu nickel-cobalt project in Papua New Guin…
Drilling planned for Urbana play
A 19-hole drill program has been recommended to followup newly identified targets at Urbana’s (URB-V) Macho River gold property in northwestern Quebec’s Urban Twp.The new targets were identified durin…
Rex tests Mauritanian pipes
Rex Diamond Mining (RXD-T) is testing targets at its wholly owned diamond properties in Mauritania, West Africa.The company recently found a third kimberlite in the Tenoumer permit. Grab samples from …
NAP slips deeper in the red
Low palladium grades at the Lac des les mine in Ontario contributed to a third-quarter loss for North American Palladium (PDL-T).The company reported a loss of $3.2 million (or 36 per share) on reve…
Altoro drills in northeastern Brazil
Altoro Gold (ATG-V) has started a 1,200-metre drill program at its Pedra Branca platinum-palladium project, near Fortaleza in northeastern Brazil.The shallow, 15-hole program will target the Esbarro a…