High Desert hits new zone at Gold Springs
High Desert Gold (HDG-V) said it would find new gold mineralization in undrilled areas below outcropping gold mineralization and now it has.
Articles by Northern Miner Staff
Chalco and Ivanhoe extend SouthGobi deal deadline
VANCOUVER — The Aluminum Corporation of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco make its official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-T) as doubts remain as to…
Glencore, Xstrata face investor activism
VANCOUVER — A deal that could be viewed as the flagship transaction in natural resource mergers and acquisitions is facing heavy criticism from a group of activist investors, as prominent shareholders of mega-miner Xstrata PLC (XTA-L)…
Virginia and Altius strike strategic alliance
Shares of Virginia Mines (VGQ-T) closed 12¢ or 1.3% higher at $9.13 apiece while Altius Minerals (ALS-T) climbed 9¢ or 0.9% to $10.73 on news the two companies had struck a strategic alliance to cooperate on exploration for base and…
Barrick undeterred by latest Argentinian court ruling
Despite an unfavorable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua Lama project will push ahead.
Chubut’s draft mining legislation confounds miners
Pan American Silver (PAA-T, PAAS-Q) is warning shareholders that if draft mining legislation proposed by the governor of Argentina’s Chubut province becomes law, its Navidad silver project will become uneconomic.
Venture slips 15 points in June 25 to 29 period
VANCOUVER — The S&P TSX Venture Composite Index declined for another week in the June 25-29 period, though losses were limited to 15.04 points after a late rebound that had the index close at 1,190.99 points. Volume climbed by a few…
Updated: Barkerville climbs 50% on 10.6-million-oz. resource
VANCOUVER — Barkerville Gold Mines’ (BGM-V) share price has climbed more than 50% since the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit, but questions remain as to the accuracy of the estimate….
U.S. equities gain on late-week surge June 25-29
VANCOUVER — U.S. equities jumped late in the week following news that European leaders had agreed to distribute rescue funding directly to troubled national banks, which marked a key victory for Spain and Italy where borrowing costs where…
TSX falls despite gold’s gains
The TSX Composite Index fell 223 points to 11,596.56 for the June 25-29 period as investors were skeptical that the latest European Union summit would agree upon concrete measures to tackle the region’s debt crisis.
TSX venture exchange
The S&P/TSX Venture Composite Index sunk to a new low, dropping 45 points to close at 1,206.03. The closing position puts the index at a new 52-week low, and at its lowest level since September 2009. With no spikes in volume during the week…
Atico looks to repeat Fortuna’s success
Recently listed Atico Mining (ATY-V) has joined the rush of companies exploring for gold in Colombia, but the company plans to set itself apart with its unique management team and strategy.The team includes many of the people behind the success…