Agnico-Eagle invests $70 million in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70 million strategic investment in Rubicon Minerals (RMX-T, RBY-X) that will give it 9.2% of the company’s outstanding shares.
Articles by Northern Miner Staff
Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Goldbrook keeps 25% of Nunavik
Vancouver – A potentially lucrative partnership that turned sour and then to the courts is a step closer to resolution after an arbitration panel ruled that Goldbrook Ventures (GBK-V) has the right to a 25% stake in Jilin Canada’s Nunavik…
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
Philippine panel rules in favor of Philippine Metals
Philippine Metals (PHI-V) looks to have put an exploration permitting nightmare behind it.
Manson Creek shares surge on new gossans in Yukon
Shares of Manson Creek Resources (MCK-V) surged 185.7% on news it had discovered three new natural spring gossans on its Tell property immediately south of Atac Resources’ (ATC-V) Rau claims in the Yukon.
Great Western Minerals to build plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth separation plant in South Africa.
Hana keeps the drills turning at Ghanzi
As Hana Mining (HMG-V) continues to drive towards getting the world’s next significant copper mine built at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana Zone.
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower operating results for the second quarter.
[Update] New Mexico junior makes math gaffe, retracts high-grade REE assays
Vancouver – A little-known junior explorer based in Elephant Butte, New Mexico (population circa 1,500), has surprised investors twice this month, first by releasing spectacular rare-earth-element assays from its Warm Springs beryllium…
TSX grows as investors anticipate strong earnings
With earnings season right around the corner the TSX Composite Index was up 203 points to 13,494.63 for the July 18-22 period. The move came as investors anticipated solid numbers from the resource sector thanks to strong commodity prices…
Standard Chartered says gold could hit US$5,000 per oz.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market is likely to be in deficit until at least 2015.