Editorial: Spreadsheets vs. reality
The best-laid schemes o’ the mining industry’s mice an’ men gang aft agley an awful lot these days, leaving investors with nothing but “grief an’ pain, for promis’d joy!”Yea, the inability of mining…
Articles by Northern Miner Staff
Tough conditions for rough diamonds
Anglo American (AAL-L, AAUKY-Q) reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million carats because of market conditions and a focus on planned maintenance and waste stripping, while De Beers, in which…
Spanish Mountain aims for improved project economics
Vancouver-based explorer Spanish Mountain Gold (SPA-V) is on track to release updated economics for its Spanish Mountain gold project 70 km northeast of Williams Lake, B.C., by October. The company pushed back the date on its pre-feasibility…
Juniors get creative as cash dwindles
Juniors mining companies have been struggling for months to raise capital, and with coffers running low, they are resorting to all sorts of methods to conserve what cash they have.Exploration budgets are being slashed and secondary projects set…
Agnico mines humming along
The message out of Agnico-Eagle Mines’ (AEM-T, AEM-N) headquarters after the second quarter is one of stability and efficiency.The company says the first half of the year was all about optimizing its five mines, and with the process…
Barrick suffers setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much-anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.While the world’s largest gold producer had previously said that second-quarter…
Seabridge stays hopeful at Courageous Lake
A new preliminary feasibility study (PFS) on Seabridge Gold’s (SEA-T, SA-X) Courageous Lake gold project in the Northwest Territories suggests the project is viable at current gold prices, and more work needs to be done to lift its…
Newstrike hits high-grade infill in Guerrero belt
VANCOUVER — Newstrike Capital (NES-V) has hit encouraging infill gold hits at its Ana Paula project in southwest Mexico’s Guerrero gold belt.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second-quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax write-down on its Francoeur mine in Quebec.
UPDATE:Hecla goes hostile on U.S. Silver
In yet another sign that M&A continues to pick up steam Hecla Mining (HL-N) is seeking to derail a merger agreement reached last month between U.S. Silver (USA-T) and RX Gold & Silver (RXEXF-O), and scoop up U.S. Silver for itself in an…
Centerra reveals details of Kumtor state review
VANCOUVER — Centerra Gold (CG-T) continues to release details regarding a parliamentary review of its Kumtor gold operation in Kyrgyzstan. During a second quarter conference call Centerra’s management outlined the structure of the…
GoGold gets going again on the Venture
VANCOUVER — After months of waiting GoGold Resources (GGD-V) has finally wrapped up its acquisition of Absolute Gold Holdings and once again actively trading on the venture.