Timmins Gold sells more ounces
Timmins Gold (TMM-T) says it’s on track to produce more than 100,000 oz. gold from its flagship San Francisco mine in Mexico for fiscal 2011.
Articles by Northern Miner Staff
Fortuna Silver Mines start producing concentrates
Shares of Fortuna Silver Mines (FVI-T) jumped 55¢ or 11.11% to $5.50 per share on news that the mill at its 100%-owned San Jose silver-gold mine in southern Mexico had started producing silver-gold concentrate.
What next for Lundin Mining
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on The Telegraph’s website on Monday added more fuel to the fire.
Major gold miners on an uptick
As fresh sovereign debt crises unfold and fears mount over a possible second recession, investors continue to look to gold as a leading safe-haven investment.
New 52-week high for New Gold
New Gold (NGT-T, NGD-X) touched a new 52-week high, a day after posting strong drill results from its Blackwater gold project in central British Columbia.
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million, compared to the year-ago period, as revenue nearly doubled.
Orezone expands Bombore project area
When the shares of most companies were tanking yesterday in what turned out to be the worst day on the markets since December 2008, shares of Orezone Gold (ORE-T) edged 4.32% higher or 13¢ to close at $3.14 on news it had received…
Short Position Report
TSX Short Positions Short positions outstanding at July 31/11 (with changes from July…
Russia’s Solway Group buys HudBay’s Fenix
Russia’s Solway Group, which owns a ferrno-nickel plant in the Ukraine, has bought HudBay Minerals’ (HBM-T, HBM-N) Fenix ferro-nickel project in Guatemala for US$140 million in cash at closing and an additional US$30 million if certain…
[Update] Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
Global market downturn hits Toronto hard
The holiday shortened Aug. 2 -5 period may have been brief but it didn’t lack drama. The TSX Composite Index suffered its greatest fall since the recession of 2008 as the Index lost 1,267 points to finish at 11,743.77 points. And the downward…