AngloGold terminates JV with Equinox
AngloGold Ashanti (NYSE: AU) has terminated the earn-in joint venture at Equinox Gold’s (TSXV: EQX; US-OTC: EQXGF) Aurizona gold mine project in northeastern Brazil. Equinox now has a 100% interest…
2018
TSX Venture drops 1%, Aug. 6-10
The S&P/TSX Venture Composite Index fell 1% to end the trading week at 693.75. The index is now down 17% over the past six months. Shares of Aben Resources rose…
US markets slip, Aug. 6-10
The trading week began with U.S. President Donald Trump reimposing a number of sanctions on Iran — three months after he pulled the U.S. out of the Iran nuclear deal…
TSX moves lower, Aug. 6-10
U.S. President Donald Trump’s decision to double tariffs on Turkish steel and aluminum roiled markets and prompted a further sell-off of Turkey’s currency. The S&P/TSX Composite Index fell 0.57% to…
Top 10 Canada-based juniors with substantial assets in the US
Canadian junior companies have a large presence south of the border. The Northern Miner presents its top-10 list of the biggest Canada-based juniors with substantial assets in the U.S., by…
First Majestic reports Q2 loss
Shares of First Majestic Silver (TSX: FR; NYSE: AG) were down 15% to $7.21 on the Toronto Stock Exchange at midday, after the company released second-quarter results showing an adjusted…
McEwen Mining borrows US$50M for Gold Bar construction
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured 3-year term loan first announced in late May, with the funds earmarked for completion of construction at…
Pretium reaches steady-state production on schedule
Pretium Resources’ (TSX: PVG) flagship asset, the Brucejack gold mine in northwestern British Columbia, reached steady-state production on schedule in the second quarter of 2018, one year after the mine’s…
Argonaut shines in Q2 as El Castillo delivers
With increased production from its flagship El Castillo complex in Mexico, junior gold miner Argonaut Gold (TSX: AR; US-OTC: ARNGF) posted stronger profits and revenue in the second quarter. For…
Alio’s Q2 hampered by lower gold grades
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018’s second quarter compared to the same quarter in 2017, largely due to complications at…
Top 10 US-based, mid-tier precious metals
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mid-tier to junior precious metal companies, by market capitalization: 1. COEUR MINING Market cap: US$1.5 billion Chicago-based Coeur Mining…
Nevsun’s board recommends shareholders reject Lundin takeover bid
VANCOUVER — Nevsun Resources’ (TSX: NSU; NYSE-AM: NSU) board is unanimously recommending shareholders reject Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) bid to buy all of Nevsun’s shares at $4.75 per share, the…