Agnico pursues growth amid capital cuts
Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.
Articles by Northern Miner Staff
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 30, 2013 Precious MetalsPrice…
Golden Star improves gold sales
Golden Star Resources (TSX: GSC; NYSE-Arca: GSS) tipped its hand on second-quarter gold sales, and the results look good.
Iamgold completes maiden resource for Boto
The geological setting of Iamgold’s (TSX: IMG; NYSE: IAG) Boto gold project in eastern Senegal along the West African nation’s border with Mali is underlain by Birimian-aged meta-sedimentary, volcanic and intrusive rocks that the…
Newmont Mining swings to a loss
A combination of lower gold and copper prices along with stockpiles and ore on leach pads contributed to a net loss attributable to shareholders of US$2 billion or US$4.06 per share, compared to a net profit of US$279 million, or US$0.56 per…
Rapier Gold identifies VMS target at Pen Gold
Since listing on the TSX Venture Exchange in March, Rapier Gold (TSXV: RPR) has completed thirteen drill holes on its Pen gold project and believes it has identified a volcanogenic massive sulphide (VMS) exploration target on the property about…
Sabina keeps finding high-grade gold at Back River
Sabina Gold & Silver (TSX: SBB) is pulling strong grades from its Back River gold-silver project in Nunavut. The latest results come from the Umwelt and Llama deposits, two of the project’s four main deposits.
MBAC Fertilizer’s production milestone
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) has started producing single super phosphate (SSP) powder at its Itafos Arraias project in central-northern Brazil — an area the government is calling the country’s new agricultural frontier.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 23, 2013 Precious MetalsPrice…
Editorial: Prosperity’s temerity
I visited Taseko Mines’ Gibraltar mine north of Williams Lake, B.C., in 2008. The company bought the shuttered operation in 1998 and restarted it in 2004. Four expansions later, Gibraltar now employs 700 people, churns out 90 million lb….
First Majestic’s ‘bittersweet’ second quarter
VANCOUVER — Based on pure production metrics, First Majestic Silver (TSX: FR; NYSE: AG) has a lot to celebrate about its second quarter. But the significant drop in silver prices during the period put a damper on the miner’s…
Barclays: Hard landing in China unavoidable as stimulus deemed unsustainable
In a recent issue of Commodities Weekly, China economists at Barclays argue that slowing growth, waning business confidence and a recent tightening in liquidity conditions have increased the risk of a hard landing in China.