Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Articles by Northern Miner Staff
Sabina Gold & Silver makes progress in Nunavut
Drill results from Sabina Gold & Silver’s (SBB-T, SGSVF-O) Back River project in southwestern Nunavut — 520 km northeast of Yellowknife, and 50 km southeast of Xstrata Zinc’s Hackett River silver-zinc project —…
Brazilian Gold gets first resource at Boa Vista
It didn’t take long for Brazilian Gold (BGC-V) to get a resource on its recently discovered VG1 deposit in Brazil.
Orezone trumpets 5M oz. gold deposit
Three months after finalizing a US$27-million deal with Cluff Gold (CFG-T) for its Sega gold project in Burkina Faso, Ottawa-based explorer Orezone Gold (ORE-T) looks to have another West African success story on its hands, with a world-class…
Surprise Molycorp financing hits share price
Shares of Molycorp (MCP-N) plunged 7.5% to US$11.16 per share — a 52-week low — on the day the U.S.-based rare earth company said it would raise US$450 million in convertible senior notes and common equity.
Puma hunts high-grade silver in New Brunswick
In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Rimouski, Que., based…
Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.The pure-play lithium producer’s board of directors has…
Agnico joining Miranda in Colombia
Prospect-generating company Miranda Gold (MAD-V) has enticed mid-tier gold miner Agnico-Eagle Mines (AEM-T, AEM-N) to help out in its efforts to explore for gold in Colombia.The junior says the new alliance, outlined in a letter…
Rocky times for Great Basin Gold
Technical and infrastructure issues at Great Basin Gold’s (GBG-T, GBG-X) two principal gold projects hammered its revenues and put it deeply into the red in the second quarter, and the company now says it faces a “near-term…
BHP delays Olympic Dam expansion
BHP Billiton’s (BHP-N, BLT-L) decision to delay a US$30-billion dollar expansion of its Olympic Dam copper-uranium-gold mine in South Australia due to escalating capital costs will put a forecasted uranium supply deficit under even…
Riverside, Cliffs test IOCG targets in Mexico
At a time when many juniors are feeling a cash crunch and throttling back spending, Vancouver-based Riverside Resources (RRI-V) is notably busy as a project generator and early stage explorer. Focused on Mexico, the company believes its…
Saskatchewan potash developers pull in their horns
Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in Saskatchewan’s…