Newmont buys 50% stake in Galore Creek from NovaGold
Newmont Mining (NYSE: NEM) has acquired NovaGold Resources’ (TSX: NG; NYSE-AM: NG) 50% stake in the Galore Creek copper-gold project in B.C. for staged payments of up to US$275 million….
NovaGold Resources Inc
Canada’s top-10 precious metal juniors
The Northern Miner has pulled together the top-10 precious metal juniors (with no production and excluding royalty companies) that are headquartered in Canada, arranged by market capitalization as of the…
BMO: Gold miners may revisit dormant megaprojects
VANCOUVER — The last five years have seen large-cap gold miners shelve and write down many ambitious, greenfield development projects that carry significant price tags and heightened risk. Miners instead refocused…
Puma beats staking rush in NB
Puma Exploration (TSXV: PUM) has been active in northern New Brunswick’s Bathurst mining camp for more than a decade, but stepped up its involvement last year with agreements to acquire…
Top 10 Canadian-based gold developers
Gold exploration and development is enjoying a boom again, and Canadian juniors are leading project advancement at home and abroad. The following are the top-10, Canadian-headquartered gold companies that are…
14 of 100 highest paid Canadian CEOs are miners, study says
A study on executive compensation by the Canadian Centre for Policy Alternatives says the 100 highest-paid CEOS working at companies listed on the Toronto Stock Exchange in 2015 earned the…
Entrepreneurial spirit of the Tahltan booms in BC
VANCOUVER — When British fur traders first came across the Tahltan First Nation in northwest B.C. almost two centuries ago, the aboriginal group already had its own trading economy, being…
TSX falls, Oct. 3-7
Canada’s benchmark index fell ahead of the Thanksgiving long weekend, dropping 1.08% to 14,566.26, despite positive jobs data. The S&P/TSX Global Mining Index slumped 5.5% to 61.45, while the S&P/TSX…
U.S. equities waver on global tensions, June 9-13
An insurgency by a radical Islamist group in Iraq and renewed tensions in the Ukraine put downward pressure on U.S. equity markets during the week, but pushed oil and gold prices up, lifting the fortunes of many precious metal companies. The…
NovaCopper prepares for a big year
NovaCopper (TSX: NCQ; NYSE-MKT: NCQ) will be coming out with an updated resource estimate for its Bornite carbonate-hosted copper deposit in northwestern Alaska before the end of March, and expects to kick off a prefeasibility study of Arctic,…
Prophecy Platinum reports a half-mile of mineralization
Picture seven football fields in a row of continuous mineralization, and that’s the width of platinum group metal (PGM) mineralization intercepted in a single drill hole at Prophecy Platinum’s (TSXV: NKL; US-OTC: PNIKF) Wellgreen…
NovaCopper defines open-pit mine in Alaska
NovaCopper (TSX: NCQ; NYSE-Arca: NCQ) — a junior explorer that NovaGold Resources (TSX: NG; NYSE-Arca: NG) spun out early last year to explore and develop its Upper Kobuk mineral projects in the Ambler mining district of northwestern…