TSX dips despite positive jobs data
Toronto’s resource-heavy index fell during the Nov. 30–Dec. 7 trading week as strong job creation in both Canada and the United States did little to quash concerns of the fast-approaching fiscal cliff.
Articles by Northern Miner Staff
Goliad is good to go
Uranium Energy Corp.’s (UEC-X) Goliad in-situ recovery (ISR) project in the uranium belt of southern Texas has received its final permit and is now fully authorized for production, which Haywood Securities analyst Colin Healey expects…
Lundin slips on three-year output guidance
Toronto-based Lundin Mining (LUN-T) dropped slightly after publishing its three-year production outlook for 2013 to 2015, as it lowered its estimates for copper, zinc and nickel from its previous guidance, but managed to keep them above 2012…
First Quantum adds heft to two Zambian projects
Proving that it isn’t entirely pre-occupied with a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) found the time to deliver some serious tonnage from two of its projects in Zambia.
Talison’s board recommends Chinese bid
A subsidiary of Chinese conglomerate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share and the Australian lithium producer’s board and its largest shareholder, Resource…
Corvus considers two-stage development at Bullfrog
VANCOUVER — Vancouver-based explorer Corvus Gold (KOR-T) has released an amended preliminary economic assessment (PEA) on its wholly-owned North Bullfrog gold project in southern Nevada that models a heap-leach operation averaging 74,800…
Western Potash up on positive Milestone feasibility
Western Potash (WPX-T) gained nearly 7% after publishing a positive feasibility study that showed the proposed Milestone potash solution mine near Regina, Sask., could produce 2.8 million tonnes of potassium chloride (KCl) a year for 40…
Update: Keegan and PMI to become Asanko Gold
With capital being hard to come by, miners are turning to more creative ways to finance production.
Short Position Report
Here are the short positions outstanding as of Nov. 30/12 (with changes from Nov. 15/12).
Dolly Varden hopes to find the next Eskay Creek
VANCOUVER — The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern British Columbia’s Stewart complex for quite some time. Both Chairman…
Freeport bets on oil and gas
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10 billion has divided analysts on whether the acquisitions make sense.
Keegan and PMI merge to form Asanko Gold
Keegan Resources (KGN-T) and PMI Gold (PMV-T), who share a property boundary in Ghana, are tying the knot to form Asanko Gold.