Articles by Northern Miner Staff

The Vancouver Stock Exchange composite index jumped 15.81 points, or 3.5%, to close the week ended May 18 at 467.05. The mining index remained steady, gaining only half a point, or 0.18%, to finish at…

Gold prices just kept dropping during the May 12-18 report period, plunging another $5.15 to reach a 20-year low of US$272.85 per oz. on the London morning fix of May 19.For a second consecutive week,…

Infill drilling at the Feitais deposit, part of the formerly producing Aljustrel property in southern Portugal, continues to intersect zinc grades that are significantly higher than prefeasibility est…

Last-minute talks have failed to prevent Canada’s largest producing base metal mine, Highland Valley Copper, from shutting down indefinitely.Situated 50 km from Kamloops, B.C., the mine is a partnersh…

Lower production rates and low gold prices took their toll on Glamis Gold (GLG-T) during the first quarter.The company posted a loss of US$3.3 million (or US7 cents per share) on revenue of US$7.9 mil…

In an ongoing effort to pare down its assets and concentrate on its core business, Cyprus Amax Minerals (CYM-N) has entered into an agreement to sell its coal subsidiary to Germany-based RAG Internati…

Hecla Mining (HL-N) has signed a purchase agreement to acquire all the assets of Monarch Resources (MRE-T) for US$25 million.The deal would see Hecla assume ownership of Monarch’s La Camorra gold mine…

Saskatoon-based gold and petroleum producer Claude Resources (CRJ-T) has turned in another profitable quarter, following a strong performance by its flagship Seabee gold mine in Saskatchewan.In the th…