Volume 98 Number 21 Jul 9 - 15, 2012

A driller at Almonty Industries' Los Santos tungsten project in western Spain, 50 km from Salamanca. Photo by Almonty Industries

Almonty Industries: Black’s second act?

Almonty Industries (AII-V) may be a relative newcomer to the TSX Venture Exchange — it listed just nine months ago — but the junior tungsten producer is probably better known in the industry for its depth of management. CEO Lewis…


The landscape at the Quimsacocha gold project in Ecuador, which INV Metals is acquiring from Iamgold. Photo by INV Metals

Iamgold ‘not bailing’ on Ecuador: INV

Headlines in the mainstream media that Iamgold (IMT-T, IAG-N) is giving up on Ecuador are fundamentally incorrect, Candace MacGibbon, president and chief financial officer of junior explorer INV Metals (INV-T), tells The Northern Miner.INV…



TSX Venture Exchange

The S&P/TSX Venture Composite Index declined for another week, though losses were limited to 15.04 points after a late rebound that had the index close the period at 1,190.99 points. Volume climbed by a few million compared with the week…


US markets

U.S. equities jumped late in the week on news that European leaders agreed to distribute rescue funding directly to troubled national banks, which marked a victory for Spain and Italy, where borrowing costs where hitting dangerous levels…



Short position reports

TSX Short Positions       Short positions outstanding at June 15/12 (with changes from May 31/12).Largest Short Positions   SecurityTickerTotal…


Orbite to produce alumina, rare earths in 2013

Orbite Aluminae (ORT-T) has been busy proving that its patented technology to extract alumina from clay, bauxite and red mud — the residue left from traditional extraction processes — works on a large-scale. It plans to…


At MAG Silver and Fresnillo's Juanicipio silver project in Mexico, from left: Canaccord Genuity analyst Nicholas Campbell; MAG Silver founder and director Peter Megaw; Cinco de Mayo project manager Jim McGlassen; and Macquarie Securities analyst Michael Gray. Photo by MAG Silver

MAG Silver sings Juanicipio’s praises

In a conference call on June 14, MAG Silver’s (MAG-T, MVG-X) president and CEO, Dan MacInnis, enthusiastically described the company’s Juanicipio polymetallic project in Mexico as “bulletproof” and “one of —…


New Gold starts up New Afton in BC

New Gold (NGD-T, NGD-N) has brought a fourth mine online with the timely start-up of its New Afton gold-copper mine near Kamloops, B.C.  The Vancouver-based producer says the first ore from the newly minted underground mine was processed…


Semafo hits new gold zone in Niger

Taking the time to have a look through old data has led to a new discovery for Semafo (SMF-T). The Montreal-based, West Africa-focused miner found a new mineralized trend at Samira Hill in Niger after pouring over a patchwork of historical…


Editorial: Fleece Navidad

At the halfway mark of the year, the political difficulties are starting to pile up for North American and European explorers and miners operating in several Latin American countries. But front and centre these days is Argentina, with its rich…


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