Auriga’s new vision for Puffy Lake
Auriga Gold (AIA-V) wants to bring the Puffy gold mine in northwestern Manitoba back to life — only this time, as a more modest and efficient operation.
Articles by Northern Miner Staff
Revett presses on in Montana
When Revett Minerals (RVM-T, RVM-X) restarted the Troy mine in northwestern Montana in December 2004, the property had a mine life of about four years, based on its known reserves.
Cliffs delays expanding Bloom Lake, curbs output for 2013
Cliffs Natural Resources (CLF-N) is hitting the brakes on its iron ore operations in North America, as fundamentals for the metal weaken with unstable prices and a drop in North American steelmaking.
Market news: U.S. Markets
U.S. stock markets were closed for the Thanksgiving holiday on Nov. 22, and many Americans marked the occasion with a shopping spree. According to the National Retail Federation, 89 million Americans shopped online and in stores on Black…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 27, 2012Precious MetalsPrice…
Black Iron takes on Ukrainian iron ore
Low operating costs and proximity to steel mills in Europe and the Middle East make Black Iron’s (BKI-T) Shymanivske iron ore project in the Ukraine a compelling proposition, despite fluctuations in the iron ore price, the Toronto-based…
Miners optimistic at AEMQ convention
The Quebec Mineral Exploration Association, or AEMQ, wrapped up its annual mineral exploration convention at the historic Chateau Frontenac in Quebec City on an optimisitic note.
Teras releases maiden resource at Cahuilla
VANCOUVER — Calgary-based explorer Teras Resources (TRA-V) has accomplished its first goal at its flagship Cahuilla gold-silver project in northwest Imperial County, California. On Nov. 30, the company pulled together historic data and…
Gold Fields reduces its SA risk, spins out two mines
Gold Fields (GFI-N) is lowering its South African risk by spinning out its wholly-owned subsidiary that holds the KDC and Beatrix gold mines in the country into a new firm called Sibanye Gold. While this may sound like a step in the right…
Interview with Quest’s CEO Peter Cashin
Quest Rare Minerals (QRM-T, QRM-X) is advancing its Strange Lake rare earth element (REE) deposit in northern Quebec and expects to deliver a prefeasibility study on the project by year end or early January, followed by a feasibility study…
Deloitte stresses focus, discipline in mining report
VANCOUVER — In its annual forward-looking report on mining trends, big-four financial consulting firm Deloitte had a clear message for industry players: do not sacrifice future growth in the name of short-term capital savings. Deloitte…
Ucore completes Dotson Ridge PEA
Head of global research at Byron Capital Markets Jon Hykawy has raised his target price on Ucore Rare Metals (UCU-V, UURAF-O) to $1.00 per share — a 12-month estimate that he “still considers conservative” — after the…