Kinross tumbles as it scrambles to cut costs
Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”
Articles by Northern Miner Staff
Capex rising for Iamgold
Iamgold (IMG-T, IAG-N) reported production of 253,000 attributable ounces of gold in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production in 2011, including production from discontinued businesses, was…
Globex rises on REE results
Globex Mining (GMX-T) got a boost to its market cap after announcing results from its Turner Falls rare earth project in Quebec.
Unigold’s share price doubles on Dominican gold intercepts
Vancouver – Dominican Republic-focused Unigold (UGD-V) saw its share price double on news of some impressive gold intercepts from its Neita property in the country.
Venture climbs slightly as volume returns in Jan. 9-13 period
Vancouver – The second week of the New Year saw the S&P TSX Venture Composite Index climb 10.3 points to 1,536.03 points after two days of losses and three days of gains. Activity in the January 9 to 13 period was back up to pre-holiday…
TSX gains during Jan.9-13 period
The TSX Composite Index was up 42.42 points during the Jan. 9-13 trading period to close at 12,231.06. Diversified miners gained 36.32 points to end the week at 1,184.14. The Global Gold Index inched up 5.01 points to 380.64, as the price of…
Quadra FNX boosts resource at Victoria
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetalic Victoria project in Sudbury, Ontario has increased tonnes of inferred resources by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals,…
Tigray on the hunt for another Bisha
Recent drilling at Tigray Resources’ (TIG-V) flagship Harvest copper-gold-silver project in northern Ethiopia has returned several new high-grade intercepts, including 21 metres grading 5.7% copper, 1.5 grams gold per tonne, 18 grams silver per…
U.S. stocks end in positive territory, Jan. 9-13
U.S. equities managed to post small gains despite economic data showing retail sales increased at their slowest pace in seven months in December and the downgrading by Standard & Poor’s of the credit ratings of nine euro zone countries….
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Baja Mining updates progress at Boleo
Baja Mining (BAJ-T) has tested the first of three 2.5-megawatt power generators at its 70%-owned Boleo copper-cobalt-zinc-manganese project, and says that all three will be online before the month’s end.
What’s next for BC’s Ajax copper-gold project?
Abacus Mining & Exploration (AME-V) envisions an interesting prospect at its joint-ventured Ajax copper-gold project near Kamloops, B.C., with a feasibility study showing the project could support a 60,000-tonne-per-day operation generating…