Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut had the company’s share price moving in the right direction.
Articles by Northern Miner Staff
Mining lease rejected for Reko Diq
London-based Antofagasta (ANTO-L, ANFGY-O) has confirmed that the government of Pakistan’s Balochistan province has rejected a mining lease application for the massive Reko Diq copper-gold project submitted by a subsidiary of its joint-venture…
Guyana is open for business
Guyana has issued its first large-scale mining licence in the gold sector since 1991–giving Guyana Goldfields (GUY-T) the permission it needs to build and operate its Aurora project.
Venture slips downwards in Nov. 14-18 period
Vancouver – The S&P TSX Venture Composite Index was down again in the November 14-18 period, slipping 33.64 points to end at 1,607.67 after three days of losses outweighed two days of gains. Average daily trading volume was up somewhat…
U.S. equities post worst week in eight
U.S. stocks posted their worst week in two months with the Dow Jones Industrial Average dropping 2.94% or 357.52 points to 11,796.16, and the S&P 500 index down 3.8% or 48.2 points to 1,215.65. The Nasdaq Composite was down 106.25 points or…
TSX drops during the Nov.14-18 week
The Nov.14-18 trading period saw the S&P/TSX Composite Index shed 384.41 points to 11,892.44. Similarly the Global Gold Index dropped 28.96 points to 401.17 as the price of gold sank US$63.70 per oz. to US$1,724.80. Following the downward…
Molycorp: A Made-in-America solution
In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company’s Mountain Pass…
Hammond Reef resource swells to 10.5M oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program being completed at a mining project in the country.
Editorial: Keystone kibosh strains Canada-US ties
Resource developers in Canada were dealt a heavy blow in mid-November, with the Obama Administration’s State Department in the U.S. failing to approve TransCanada’s relatively benign Keystone XL oil pipeline mega-project, which would have…
Luna Gold thwarts thieves in Brazil
The second time around wasn’t so lucky for a band of robbers at Luna Gold’s (LGC-V) Aurizona mine in northeastern Brazil.
PwC: Exploration spending, costs soar
Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…
Silver Standard slashes Pirquitas’ reserves
Silver Standard Resources (SSO-T, SSRI-Q) hopes it has put an end to lingering troubles at its Pirquitas silver mine in Argentina, with no further plant shutdowns or surprises. The latest surprise was a 52% reduction in the mine’s…