Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
Articles by Northern Miner Staff
U.S. markets, July 22-26
Better-than-expected corporate earnings and optimism that the U.S. Federal Reserve would keep interest rates low propped up U.S. equities, and the Dow Jones Industrial Average edged up 15.09 points, or 0.10%, to finish the week at 15,558.83,…
Newmont cashes out of Canadian Oil Sands
VANCOUVER — Newmont Mining (TSX: NMC, NYSE: NEM) has sold its stake in Canadian Oil Sands (TSX: COS; US-OTC: COSWF) to streamline its assets and reduce debt.
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.
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…
Fortune closes in on final permits at NICO
VANCOUVER — It has been a promising six months for Fortune Minerals (TSX: FT; US-OTC: FTMDF) and its advanced-stage NICO gold-cobalt-bismuth project, 160 km northwest of Yellowknife, N.W.T. The London, Ont.-based company began the year…
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….
Roxgold cuts high grades at Bagassi South target
VANCOUVER — Roxgold (TSXV: ROG; US-OTC: ROGFF) is cutting strong gold grades at its wholly owned Yaramoko gold project, 200 km southwest from Burkina Faso’s capital city of Ouagadougou. The Vancouver-based explorer is set to release…