Pilot Gold lifts off on Turkey play
A small market cap can be a wonderful thing as evidenced by the market action of two different companies in early May.
Articles by Northern Miner Staff
Quadra attracts Sumitomo to Sierra Gorda
Quadra FNX Mining (QUX-T) is hooking up with Sumitomo to develop the sizable Sierra Gorda copper-molybdenum project in the Atacama Desert of northern Chile.
Agnico-Eagle buys 18.6% of Mexico-focused Colibri
Major Canadian gold miner Agnico-Eagle Mines (AEM-T, AEM-N) has acquired six million shares and four million share purchase warrants of Nanaimo-based Colibri Resources (CBI-V), exploring for gold and polymetallic mineralization in northwestern…
Orvana gets its gold-copper mine rolling in Spain
Orvana Minerals (orv-t) got its northern Spanish El Valle-Boinas/Carles gold-copper mine and plant off the ground on May 31, and expects first shipment in June.
Inmet Mining’s Balboa zone excites the market
A high-grade intercept of 124 metres of 2.32% copper and 2.28 grams gold per tonne in the Balboa zone at Inmet Mining’s (IMN-T) Cobre Panama project is making Balboa a “contender” UBS Investment Research associate analyst Matt Murphy wrote…
Augusta Resource makes headway at Rosemont Copper project
The preliminary draft Environment Impact Statement on Augusta Resource’s (AZC-T, AZC-X) Rosemont Copper project near Tucson in Arizona has been delivered by the Coronado National Forest to the State of Arizona and local cooperating agencies,…
Sabina sells Hackett, looks to gold for future growth
Nunavut-focused explorer Sabina Gold & Silver (SBB-T) has signed a definitive agreement to sell its 100%-owned Hackett River silver-zinc project, located near the Bathurst Inlet in southern Nunavut, to the Canadian arm of Swiss mining…
Chidliak flaunts four new kimberlite discoveries
During this year’s $17.7-million diamond exploration program at the Chidliak project in Nunavut, joint-venture partners Peregrine (PGD-T) and BHP Billiton (BHP-N, BLT-L) found four new kimberlites: CH-52, CH-53, CH-54 and CH-55.
Fortuna Silver Mines ahead of schedule at San Jose, Mexico
Fortuna Silver Mines (FVI-T) started building its San Jose underground mine in southern Mexico in the second quarter of 2010 and now says it can increase its start-up production rate from 750 tonnes per day to 1,000 tonnes per day.
Mahdia successfully bids for historic Omai gold mine
Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.
Commentary: Don’t overlook U.S. tax consequences of cross-border mining investments (June 01, 2011)
Canadian-based mining companies investing in U.S. property need to be aware of various U.S. tax provisions that could affect their return on the future sale of this property.
Northland targets 2013 for first iron ore delivery
Northland Resources (NAU-T) is set to get its flagship Kaunisvaara iron ore project in northern Sweden off the ground in early 2013, with full production of 5 million tonnes of iron ore concentrate per year expected by 2014.