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.
Articles by Northern Miner Staff
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.
TSX falls despite late rebound
The TSX Composite Index rallied at the end of the July 9-13 period but still finished lower than where it began, shedding 145 points to finish at 11,514.53 points. After a six-day losing streak the Index managed a rebound on July 13 thanks to…
U.S. stocks end in positive territory, July 9-13
The S&P 500 and Dow Jones Industrial Average erased losses for the week in the last hour of trading as better than expected economic data from China lifted investor sentiment. The country clocked year-on-year growth of 7.6% during the…
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