Dominican delivers for Goldquest and Unigold
VANCOUVER — Dominican-focused explorers Goldquest Mining (GQC-V) and Unigold (UGD-V) have announced sizable step-out gold hits at their nearby properties in the country on the same day.
Articles by Northern Miner Staff
Canamex soars 290% on high-grade intercept
Canamex Resources (CSQ-V) shares soared to new heights after releasing the best hole to date from its Burner gold-silver project in central Nevada.
Augusta boosts resource at Rosemont
Shares of Augusta Resource Corp. (AZC-T, AZC-N) rose 14.6% or 24¢ to $1.88 after the company released an updated resource estimate for its Rosemont copper project in Arizona. The company expects to issue a project update early next week on…
Scorpio gets the grade at San Rafael
Scorpio Mining (SPM-T) wrapped up its latest drill program at its wholly owned San Rafael Project in Mexico and the results are all about the grade.
Short Position Report
TSX Short Positions Short positions outstanding at July 15/12 (with changes from June…
NMC Resource’s take on molybdenum
VANCOUVER — Molybdenum gets little glory in the metals world. On the production side more than half of it is produced as a by-product of more prominent metals like copper, while on the consumption side it is mostly used as a secondary…
Orsu sheds one asset to focus on another
Orsu Metals (OSU-T, OSU-L) has taken another step towards getting its Karchiga copper production into production.
Bannerman’s Etango gets environmental go-ahead
Bannerman Resources (BAN-T, BMN-A) has received an environmental nod from the Namibian Ministry of Environment and Tourism to develop its Etango uranium project, located on the Namib Desert sands, near the costal town of Swakopmund.
Paladin Energy turns the corner
Despite two months of unplanned shutdowns to upgrade the plant and complete remediation work due to land movement at its Kayelekera open-pit uranium mine in Malawi, Paladin Energy (PDN-T) still managed to increase production there by 14% in the…
Venture loses ground during July 9-13 period
VANCOUVER — After enjoying a brief early-week rally during the July 9 to 13 trading period, the S&P TSX Venture Composite Index pared gains, closing down 2% or 24.4 points at 1,184.25. Uncertainty surrounding the Eurozone crisis and…
La Mancha to join 2012 M&A list
An investment firm managed by Egyptian multi-billionaire Naguib Sawiris called Weather II has launched a $500 million takeover bid for La Mancha Resources (LMA-T) at $3.50 per share in cash—a 56% premium to the junior’s closing…
Baja slides another 21% as it looks for funds
The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.