Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…
Articles by Northern Miner Staff
Global Minerals seeks silver in historic Slovakian mine
A common story heard in many of the former communist countries of Eastern Europe is the one about an historic, state-run mine that fell into disrepair after freedom blossomed in the 1990s. Explorers like Vancouver-based Global Minerals (CTG-V)…
NovaGold attempts to de-risk high-cost Donlin project
VANCOUVER — NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest…
Aquiline boys look for treasure in Ontario
Three years after selling the world class Navidad deposit in Argentina the key members of the former Aquiline Resources team are looking to strike pay dirt again — only this time they are doing it closer to home.
GoldQuest adds drill rig, shares surge
Shares of GoldQuest Mining (GQC-V) jumped 24% or 16¢ to 83¢ apiece with a little over 2 million shares trading hands after the Vancouver-based junior announced that a second rig had started drilling at its Romero gold and copper…
BCSC questions Barkerville’s mega-resource
VANCOUVER — The British Columbia Securities Commission (BCSC) has raised numerous concerns about a 10.6-million-oz.-gold resource Barkerville Gold Mines (BGM-V) released on June 28.
Semafo drops the ball on West African project update
VANCOUVER — Quebec-based gold producer Semafo Inc. (SMF-T) found out just how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 kilometers west of Ouagadougou, Burkina…
Roxgold and Maudore the latest of many hit with proxy battles
VANCOUVER — Frustrated investors are increasingly resorting to proxy battles as share prices languish, with Maudore Minerals (MAO-V) and Roxgold (ROG-V) two of the latest to see a shareholder revolt.
Cobriza hits new porphyry in Peru
The latest drill results from Cobriza Metals (CZA-T) Arikepay project in Peru have the company confident it has made a new porphyry discovery.
Avalon updates Nechalacho resource
Exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare earth deposit by 73% to 152.3 million tonnes grading 1.32% total rare earth oxides (TREO) and produced the deposit’s first measured…
Cline hit hard by falling coal demand, suspends New Elk ops
VANCOUVER — Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies continue to take a toll on coal producers, as Toronto-based developer Cline Mining (CMK-T) opted…
Goldcorp falls on forecasted production reduction
A day after Goldcorp cut its 2012 production guidance the company saw its share price drop significantly.