GTA gets the grade north of Superior
GTA Resources (GTA-V) caught the market’s attention in one fell swoop earlier this year with drill results from its aptly named Northshore project on the north shore of Lake Superior.
Canada
Balmoral accelerates the hunt in the abitibi
Balmoral Resources’ (BAR-V) hunt for a third elephant in close proximity to the Detour Gold mine and the Canadian Malartic mine continues with its latest assays results.
Stornoway files Qilalugaq’s resource estimate
Stornoway Diamond’s (SWY-T) maiden resource for the Q1-4 kimberlite on its Qilalugaq diamond project in Nunavut did little to boost its lately sagging share price.
Venture flat in June 4-8 period
VANCOUVER — The S&P TSX Venture Composite Index was virtually unchanged in the June 4-8 period, ending up a little over a point at 1,292.93 points. Volume also saw little change, in line with recent weeks at an average of 69 million…
Commentary: Cost overruns on capital development – a growing concern
The number of mine development projects where capital costs are spiralling upwards from their study numbers has increased more than any time I can recall in my 30-plus years of worldwide experience in the development-side of the industry. This…
Market news
Toronto Stock Exchange
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, June 1, 2012 Precious MetalsPrice…
A lifetime achievement
The Northern Miner’s senior sales representative Brian Warriner was honoured with a Life Member appointment from the Canadian Diamond Drilling Association at its annual general meeting in Quebec City in May. It was presented to Warriner…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29 US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253 …
Commerce Resources’ Ashram REE project boasts $2.3B NPV
Commerce Resources (CCE-V) has outlined the financial case for its remote Ashram rare earth element (REE) project in a preliminary economic assessment (PEA).The company plans to extract 4,000 tonnes per day from an open pit at its northern…
Editorial: When the fec hits the mining fans
To every enviro protest, there is a Four Seasons. Anti-mining street activism took a noxious turn in downtown Vancouver on May 24, as a luncheon — held at the Four Seasons hotel by the Canadian Institute of Mining, Metallurgy and…
Letter to the editor: Bismuth’s not so bad
An article in The Northern Miner (“Tin and silver: The new electric metals,” April 30–May 6/12) discussed the European Union’s ban on the use of lead in products sold in Europe and the resulting use of tin, silver and…