Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Articles by Northern Miner Staff
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12 US$ in C 1.0266 1.0244 1.0247 1.0270 1.0268 …
Lumina finds new zones at Taca Taca
New copper mineralization zones at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) due to anti-Argentina sentiment in the wake of President Cristina Fernandez’s decision last month to nationalize…
Energizer puts Molo’s graphite in fast lane
It has been a story of evolution by discovery for Energizer Resources (EGZ-T), a Toronto-based explorer with significant land holdings in southern Madagascar. The company was originally billed as a prospective vanadium producer — its…
Banro faces delay during Twangiza ramp-up
VANCOUVER — Just days after taking the keys from mine developer Banlaw Afrique, Canadian gold outfit Banro Corp. (BAA-T, BAA-X) has run into delays during the comissioning of its 100%-owned Twangiza open-pit mine 45 km southwest of Bukavu…
Centerra drops as Kyrgyz gov’t reviews Kumtor
Centerra Gold (CG-T) plunged more than 30% as the Kyrgyz parliament debated the fate of the company’s Kumtor gold project in Kyrgyzstan on Friday, while investors worried about the possibility of Centerra losing its mining licence.
UPDATE: Golden Reign continues to unearth Nicaraguan gold
Golden Reign Resources (GRR-V) is looking to do its part to help return Nicaragua to its former vaunted status in the gold world.
Uranerz discovers new uranium trend
Uranerz Energy Corp. (URZ-T, URZ-X, URZ-N) says it has discovered a new uranium trend on its Monument project, just 24 kilometres southeast of where the company is building its first in-situ recovery uranium mine at the Nichols Ranch project in…
Rio Tinto announces billions in new capital commitments
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
NGEx hits big copper strikes at Josemaria, Los Helados
VANCOUVER — Vancouver-based copper explorer NGEx Resources (NGQ-T) is enjoying a June comeback, as the company benefits from drill results on promising targets at its land package on the established Region III corridor along the…
Gran Colombia builds up Marmato
Gran Colombia Gold (GCM-T) has made a significant boost to its resources at its Marmato project in Colombia, even if it did cost a bit of grade to do so.
Iamgold to sell Quimsacocha
Shares of INV Metals (INV-T) surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from Iamgold (IMT-T) in a move it hopes will take it from a junior exploration company to an…