Gammon Lake and Mexgold poised to create mid-tier Mexican miner
Vancouver – The proposed takeover of Mexgold Resources (MGR-V) by Gammon Lake Resources (GAM-T, GRS-X) would creat…
Articles by Northern Miner Staff
Inco, Steelworkers reach tentative deal (May 29, 2006)
Eleventh-hour talks between Inco (N-T, N-N) and United Steelworkers (USW) locals 6500 and 6200 have delivered a ten…
TSX runs gold index up flagpole (May 29, 2006)
Details are sketchy, but the Toronto Stock Exchange (TSX) and rating and index agency Standard & Poor’s will develop a Global Gold Index to track the share prices of leading gold mining companies….
Agnico-Eagle expands as costs fall
Agnico-Eagle Mines (AEM-T, AEM-N) continues to build on its impressive assets with the announcement that it will go ahead with its LaRonde II project in northwestern Quebec….
South Deep production halved for up to a year (May 29, 2006)
After a recent accident that could halve production from Johannesburg-listed Western Areas’ (WARSF-O) 50%-owned South Deep gold mine in South Africa for up to a year, the company plans to sell shares…
Goldcorp ready to develop Canada’s newest gold camp
Vancouver — With grades and production starting to slip at the Red Lake gold mine in northwestern Ontario, Goldcorp (G-T, GG-N) is stepping up the pace of exploration at its newly acquired lonore g…
Instability could place Peru in peril
Lima, Peru — As soaring oil prices and equipment delays push miners’ operating costs to record levels, bullion is offering some insurance, and mining companies in Latin America are gratified that the…
Royalties tables scoping study for Raglan South (May 29, 2006)
Quebec-based nickel explorer Canadian Royalties (CZZ-T, CRYAF-O) plans a full feasibility study on its Raglan South nickel-copper deposits in the Nunavik (Ungava) region of Quebec following a prelimin…
Minco Silver pushes Fuwan to feasibility
Vancouver — Encouraging results from recent drilling have prompted Minco Silver (MSV-T, MISVF-O) to add two more drill rigs and accelerate drilling to bring the Fuwan silver project in China’s Guangd…
Bema’s losses up, despite higher gold output
Vancouver — Record quarterly revenue and gold production was not enough to quell the red ink for Bema Gold (BGO-T, BGO-X, BAU-L), which posted a first-quarter loss of US$35.5 million, or 8 per share…
U.S. Markets May 16-22
Sharp declines in the early part of the reporting period May 16-22 socked stock markets in the United States, and the mining stocks suffered a large part of the damage. The Standard & Poor’s 500 i…
Viceroy drilling extends Gualcamayo
Vancouver — The latest round of drilling by Viceroy Exploration (VYE-T, VCRYF-O) has enhanced and extended the potential of the Portezuelo Blanco zone within the main Quebrada del Diablo resource are…