Nevsun agrees to $1.86B Zijin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) has agreed to Zijin Mining’s (HGK: 2899) friendly take-over bid which values Nevsun at $6 per share or $1.86 billion. Nevsun shares jumped nearly…
Articles by Northern Miner Staff
Semafo’s Boungou mine achieves commercial production
Since its first gold pour at the end of June, Semafo’s (TSX: SMF) Boungou mine in Burkina Faso has produced more than 12,000 ounces of gold. The mine officially moved…
Mawson improves gold-cobalt grades at Rajapalot
Mawson Resources (TSX: MAW; US-OTC: MWSNF) recently announced results from 46 diamond drill holes spanning six prospects at its Rajapalot gold-cobalt project in Finland. The company assayed previously gold-only drill…
Mexico Snapshot: Eight juniors tapping into Mexico’s mineral potential
Despite patches of trouble in different regions of the country from time to time, Mexico remains one of the most favoured mining and exploration jurisdictions for Canadian and U.S. juniors….
Lumina Gold spins out Luminex Resources
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) is spinning all but one of its properties out into a separate company called Luminex Resources. It retains the Cangrejos gold-copper project, located in…
Metals commentary: Gold rebound could be in the making
The following is an edited excerpt from the World Gold Council’s latest Investment Update. To read the full report, visit www.gold.org. In August gold fell to a 20-month low amid…
Allegiant extends mineralization at Eastside gold project
Allegiant Gold (TSXV: AUAU; US-OTC: AUXXF) has reported drill results for the remaining 13 holes of its 22-hole (8,000-metre) phase one resource expansion drill program at its 100%-owned, district-scale Eastside…
Cold weather hampers Aston Bay drill program
Aston Bay (TSXV: BAY; US-OTC: ATBHF) has concluded its 2018 drill campaign at its namesake property on Somerset Island in Nunavut, which includes the Storm copper prospect and the Seal…
Azarga releases PEA for Unkur project in Russia
Azarga Metals (TSXV: AZR; US-OTC: EUUNF) has tabled a preliminary economic assessment (PEA) for its Unkur copper-silver project in eastern Russia. The company acquired 60% of the project in 2016 and…
Endeavour Silver imposes austerity measures
Endeavour Silver (TSX: EDR; NYSE: EXK) is reducing expenditures and temporarily adjusting its exploration, development and mining activities until gold and silver prices rebound. The measures are expected to boost production…
New Age Metals considers JV at Genesis
New Age Metals (TSXV: NAM; US-OTC: NMTLF) is seeking a joint venture partner to help develop its 100% owned Genesis palladium-platinum-nickel-copper located in the northeastern Chugach Mountains, 120 road km…
Sokoman Iron concludes Moosehead phase 1 drill program
Sokoman Iron (TSXV: SIC; US-OTC: GDNDF) has received assays results from the remaining 12 holes of its 15-hole phase one drilling program at the Moosehead gold project in central Newfoundland,…