Editorial: HudBay’s baffling Lundin bid
While metal prices seem to have bottomed out in November, the week ended Nov. 22, the 47th trading week of 2008, saw several miners’ share prices get their feet knocked out from under them.
Articles by Northern Miner Staff
Cameco’s Q3 Earnings Down 46% From Last Year
Third-quarter net earnings for the world’s largest uranium producer and one of two Candu fuel manufacturers in Canada fell nearly 50% year-on-year due to lower prices and higher costs.
Kinbauri Expands Resources At El Valle, Carles Gold-Copper Mines
Last March, Kinbauri Gold (KNB-V, KINBF-o) acquired gold assets in northwestern Spain from Rio Narcea Gold Mines for US$5 million. The goods included two exploration properties and fixed assets at the…
Exploration Adit Proving Its Worth At Niblack
Vancouver — The first underground drilling program at Committee Bay Resources’ (CBR-V, CBYRF-o)Niblack project, on Prince of Wales Island in Alaska, returned strong intercepts that are sure to expand…
Torlon Hill Small, But Rich
Vancouver — Firestone Ventures (FV-V, FSVEF-o) has proven up a small, high-grade zinc-lead resource at its Torlon Hill project in Guatemala.
Minefinders Pours First Gold
Minefinders’ (MFL-T, MFN-x) Dolores open-pit mine in Chihuahua, Mexico, is expected to produce more than 1.7 million oz. gold and 64 million oz. silver over an estimated 15-year life.
George Forrest Bids For Forsys Metals
While other juniors fight to remain solvent amidst a lurching global economy, Forsys Metals (FSY-T, FOSYF-o) has managed to snag a potential $580-million windfall.
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …
Teck Takes Hard Line On Fording Debt
Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …
NovaGold Shutters Rock Creek Mine
Vancouver — NovaGold Resources (NG-T, NG-x) shares plunged $1.48 to close at 72 after the company announced it was suspending production at its Rock Creek gold mine and that it wouldn’t be able to m…
VMS Ventures keeps hitting good grades at Reed Lake
Vancouver – The Reed Lake discovery continues to return solid copper-zinc-silver-gold intersections for VMS Venture…
Capoose on track for Silver Quest
Vancouver – As part of its efforts to update a historical resource estimate, Silver Quest Resources (SQI-V) h…