Denison eyes JNR in the Athabasca
In a move to lock up uranium-rich ground in the Athabasca basin of northern Saskatchewan, Denison Mines (DML-T, DNN-X) plans to buy joint-venture partner JNR Resources (JNN-V) for nearly $10 million.
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More headaches for Anglo American
Skyrocketing costs are eating into the pocketbooks of miners across the industry, and Anglo American (AAL-L, AAUKY-Q) is no exception.
Slater’s patience rewarded in Kazakhstan’s goldfields
Business partners Ian Slater and Robert Bell first set their sights on Kazakhstan mineral potential not long after the country declared independence from the Soviet Union in the early 1990s. Two decades later, their vision of developing a…
Thompson Creek slumps, but Mt. Milligan on track
Thompson Creek Metals (TCM-T, TC-N) is sinking deeper into the red as it builds the $1.5-billion Mount Milligan copper-gold mine in central B.C., posting a third-quarter net loss of US$48.2 million, or US29¢ a share, compared with a profit…
Banks Island moves Yellow Giant towards production
It has been a quick ride for B.C.-focused explorer Banks Island Gold (BOZ-V). Just 18 months since Banks Island signed an earn-in agreement on its Yellow Giant gold-silver property, 110 km south of Prince Rupert, the company has released a…
Auriga’s new vision for Puffy Lake
Auriga Gold (AIA-V) wants to bring the Puffy gold mine in northwestern Manitoba back to life — only this time, as a more modest and efficient operation.
Revett presses on in Montana
When Revett Minerals (RVM-T, RVM-X) restarted the Troy mine in northwestern Montana in December 2004, the property had a mine life of about four years, based on its known reserves.
Cliffs delays expanding Bloom Lake, curbs output for 2013
Cliffs Natural Resources (CLF-N) is hitting the brakes on its iron ore operations in North America, as fundamentals for the metal weaken with unstable prices and a drop in North American steelmaking.
Market news: U.S. Markets
U.S. stock markets were closed for the Thanksgiving holiday on Nov. 22, and many Americans marked the occasion with a shopping spree. According to the National Retail Federation, 89 million Americans shopped online and in stores on Black…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 27, 2012Precious MetalsPrice…
Black Iron takes on Ukrainian iron ore
Low operating costs and proximity to steel mills in Europe and the Middle East make Black Iron’s (BKI-T) Shymanivske iron ore project in the Ukraine a compelling proposition, despite fluctuations in the iron ore price, the Toronto-based…
Miners optimistic at AEMQ convention
The Quebec Mineral Exploration Association, or AEMQ, wrapped up its annual mineral exploration convention at the historic Chateau Frontenac in Quebec City on an optimisitic note.