Inca Pacific takes $35-million buyout to end ownership dispute
Vancouver – A protracted ownership battle looks to be closing with Inca Pacific Resources (IPR-V) agreeing to a roughly $35-million buyout by Peruvian-listed Minera Milpo.
Articles by Northern Miner Staff
A new zone at Seabee doesn’t disappoint Claude
Just three months after discovering the L62 zone at its Seabee gold mine in northern Saskatchewan, Claude Resources (CRJ-T, CGR-X) has outlined a strike length for the zone of 75 metres, a dip length of 300 metres and has decided to add another…
Barrick finds two new gold zones in Nevada
As Barrick Gold (ABX-T, ABX-N) continues to step up its exploration efforts at Cortez, Turquoise Ridge and Ruby Hill projects in Nevada, it has uncovered two new gold discoveries.
Roxgold and Riverstone hit high grade in Burkina
High grade intercepts at Roxgold (ROG-V) and Riverstone Resources (RVS-V) Yaramoko gold concession in western Burkina Faso attracted a lot of attention but did little to raise the company’s fortunes on the market. The companies released…
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed 9 new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Venture climbs in August 29 to Sept. 2 period
Vancouver – The S&P/TSX Venture Composite Index climbed 58 points in the August 29 to September 2 period on four days of gains to end at 1,810.36 points. Volume perked up somewhat from the week prior with an average of 71 million shares…
Short Position Report
TSX Short Positions Short positions outstanding at Aug…
Niobec stake could be cash cow for Iamgold
Iamgold Corp. (IMG-T, IAG-N) made it clear back in June that it was looking to monetize 10%-20% of its Niobec niobium mine in the near term, but the sale last week of a 15% stake in a Brazilian niobium producer to a Chinese consortium has set…
U.S. equities down during Aug. 29-Sept. 2 trading week
U.S. equities didn’t have a great week. The Dow Jones industrial average slipped 44.28 points or 0.39% to finish the Aug. 29-Sept. 2 trading week at 11,240.26, while the S&P 500 index lost 2.83 points or 0.24% to close at 1,173.97. The…
Majescor doubles on Haitian drill results
At long last, Ottawa-based Majescor Resources (MJX-V) has received high-grade gold assays from drilling completed in December 2009 at its Somine gold-copper project in northeastern Haiti.
4M oz. gold at Probe’s Borden Lake
Probe Mines (PRB-V) jumped 17.3%, or 26¢, to $1.76 per share on news its Borden Lake gold project situated about 110 km east of Lake Superior near Chapleau, Ont., contains 4 million oz. gold and nearly 6 million oz. silver.
Quadra FNX pumps profits despite lower production
It was a busy second quarter for copper miner Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals.