Alexandria finds new gold in the same old place
Some places just never go out of style.
Articles by Northern Miner Staff
Iamgold not “bailing” on Ecuador
Headlines in the mainstream media that Iamgold (IMT-T) is giving up on Ecuador are fundamentally incorrect, Candace MacGibbon, president and chief financial officer of junior explorer INV Metals (INV-T), told The Northern Miner.
Guyana’s challenges may hold rewards for gold explorers
VANCOUVER — When it comes to unearthing gold in a youthful mining jurisdiction like the South American nation of Guyana, explorers are often faced with infrastructure-based speed bumps on the road to establishing an economic deposit. Both…
Venture hits new 52-week low in June 18-22 period
VANCOUVER — The S&P TSX Venture Composite Index sunk to a new low in the June 18 to 22 period, dropping 45 points to close at 1,206.03 points. The closing position puts the index at a new 52-week low and its lowest level since…
RCMP looks at Cardero’s activities in Ghana
Despite promising early results from its Sheini Iron Ore project in Ghana, Cardero Resources (CDU-T) could be facing some legal headaches over the project.
TSX drops on global growth concerns
It was a turbulent week for the Toronto Stock Exchange as the S&P/TSX Composite Index gained for three straight sessions before plummeting 351 points on June 21, the biggest one-day loss of the year. The next day the index recovered…
U.S. markets take another hit, Jun 18-22
News mid-week that the U.S. Federal Reserve will deliver more monetary stimulus by extending its program of selling short-term securities to buy longer-term ones in order to keep long-term borrowing costs down, was followed by a rash of…
Yamana ramps up exploration at El Penon
Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May…
Harry Winston sees Q1 profits, revenues rise
Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…
Mid-tier producers grapple with Peru’s growing pains
Peru is experiencing a mining boom of global proportions thanks to years of heavy investment and increasing production. The country is the world’s number-two copper producer, number-two silver producer, number-six gold producer,…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…