Blockade forces Excellon to shut Platosa mine
VANCOUVER — Excellon Resources (EXN-T) continues to be plagued by labour and community issues at its Platosa mine in Mexico’s Durango State, with the company recently forced to suspend operations.
Articles by Northern Miner Staff
Palmarejo continues to deliver
Of Coeur d’Alene Mine’s (CDM-T, CDE-N) three producing mines, Palmarejo in northern Mexico is the largest contributor to company sales and operating cash flow. Metal sales from the mine in Chihuahua State last year reached US$513…
Venture flat in August 7-10 period
VANCOUVER — The S&P TSX Venture Composite Index basically ended flat in the shortened August 7 to 10 period, up less than a point at 1,191 points even after two days of losses balanced out two days of gains. Volume was also little…
Puma hunts high-grade silver in New Brunswick
VANCOUVER — 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 Quebec-based…
US stocks move up during Aug 6-10 week
It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the August 6-10 trading week at 13,207.95.
TSX rises as investor’s expect future growth
The TSX Composite Index was up 127 points to 11,841.98 for the holiday shortened Aug. 7-10 period after beginning the period on a tear as it caught up to U.S. markets.
Search for deep-sea treasure intensifying
ng harder to find and even harder to put into production owing to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of riches.Nautilus Minerals (NUS-T) has been at the…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
US markets
The Dow Jones Industrial Average ended the week above the 13,000 level following mixed economic news from the U.S. and Europe. The Dow gained 20 points to close at 13,096.17. The U.S. Labour Department said that employers added 163,000…
Lucara wrestles with weak diamond prices at Karowe
Though ramp-up appears to be on schedule at emerging producer Lucara Diamond’s (LUC-T, LUCRF-O) fully owned Karowe open-pit diamond mine in Botswana, markets have taken notice that the company is realizing a lower price per carat than it…
NovaCopper hits the ground running in Alaska
Newly minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and an inaugural…
Rosemont will cost more, Augusta says
Shares of Augusta Resource (AZC-T, AZC-X) closed 7.8% lower at $1.66 per share following an updated feasibility study release that estimated higher capital and operating costs for its Rosemont copper project near Tucson, Ariz.Total initial…