Baja Mining’s Boleo project is worth waiting for
Santa Rosalia, Baja California Sur–John Greenslade is probably one of the most tenacious–and brilliant–chief executives in the junior mining world.
Articles by Northern Miner Staff
Venture finds gains despite the gloom
Vancouver – Shrugging off poor job numbers from the United States and worries of a spreading debt crisis in Europe, the S&P TSX Venture Exchange Index managed its best period in months between July 4 and 8. The index ended up 80.63 points…
U.S. stocks feel the chill with poor jobs data, July 5-8
Disappointing jobs data sent a chill through markets in the U.S., with the unemployment rate rising to 9.2% in June, the highest since December. Reuters reported that U.S. state and local governments “cut thousands of jobs in June, pushing…
Modest gains for TSX over July 4-8 period
The TSX Composite Index rose a modest 56 points for the July 4-8 period as upward momentum was cut short by concerns about the strength of the global economic recovery due to higher energy prices and continued worries over both European and US…
Bayfield insiders sell as Rainy River area play overheats
A 400- by 800-metre claim block east of Rainy River Resources’ (RR-T) flagship gold project in northwestern Ontario is causing a big commotion at the project’s operator, Bayfield Ventures (BYV-V).
Market unimpressed with Rubicon’s PEA for F2
Rubicon Minerals (RMX-T, RBY-X) fell $1.12, or 23.9%, to close at $3.56 per share with more than 4 million shares traded in Toronto after the company released a preliminary economic assessment (PEA) of its 100%-owned F2 gold system, part of its…
People
Aurizon Mines – David Hall resigning as president & CEO on Aug. 15, but will continue as chairman; George Paspalas to be appointed president and CEO on Aug. 15.
Market news
Toronto Stock Exchange
Positive scoping study for Vaaldiam’s B3
Brazil-focused Vaaldiam Mining (VAA-T) has released a scoping study for its Braüna JV, in Bahia state, that estimates it would cost US$25 million to build a mine that would produce a total of 573,000 carats over a five-year mine life.
Lucara harvests high-value stones at Mothae
The first diamond tender from Lucara Diamond’s (LUC-V) 75%-owned Mothae mine, in Lesotho, brought in $8.2 million for 9,381 carats of stones earlier this year.
Shore’s star-orion feasibility set for Q2
Shore Gold (SGF-T) is on track to complete a feasibility study for the Star-Orion South project, in Saskatchewan, next month, and senior vice-president exploration and development George Read believes the numbers will be strong.
Rockwell ramping up Tirisano
After surviving a hostile bid by Pala Investments in 2008 and then a recession that forced it to put one of its operations on care and maintenance, Rockwell Diamonds (RDI-T) signalled last March that it was no longer in survival mode with the…