TMAC posts mixed Q2 results
TMAC Resources (TSX: TMR) posted a net loss of $10.3 million (11¢ per share) in the second quarter and warned there might be a risk of breaching certain debt covenants…
Canada
Osisko Mining to acquire Beaufield Resources
Osisko Mining (TSX:OSK) is stitching together a larger land package around its Windfall project in northern Quebec with its proposed $17.5 million all-share acquisition of Beaufield Resources (TSXV: BFD). Beaufield’s…
Sokoman Iron sparks gold fever in Newfoundland
VANCOUVER — Sokoman Iron (TSXV: SIC; US-OTC: GDNDF) has struck gold with the first hole in drilling at its Moosehead gold project in central Newfoundland, 20 km west of the…
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…
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…
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…
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…
Rubicon tackles bulk sample at F2 gold deposit
Rubicon Minerals (TSX: RMX; US-OTC: RBYCF) has begun processing between 25,000 and 30,000 tonnes of mineralized bulk sample taken from the F2 deposit at its Phoenix gold project near Red…
Hecla scores US$12M profit in Q2
Precious metals miner Hecla Mining (NYSE: HL) has posted a second quarter profit of US$11.9 million on sales revenue of US$147.3 million, powered in large part by a significant decline…
Minerals commentary: Replenishing the diamond pipeline is a daunting task for miners
Given that most of the highly economic diamond deposits in the world have already been put into production, diluted via expansion or depleted, going forward the economics of diamond mines…
Site visit: Fission pushes PLS forward in Athabasca
PATTERSON LAKE, SASK. — Fission Uranium (TSX: FCU; US-OTC: FCUUF) is in the midst of a $6.4-million, mid-year work program at its near-surface Patterson Lake South (PLS) uranium project in northwestern Saskatchewan….