INTERNATIONAL QUOTES (May 10, 2010)
Australia (A$) May 4 Apr 27 Change Aquila Resources 9.76 10.6 -0.84 Bendigo Mining 0.26 0.26 0.00 Centennial Coal 4.11 4.52 -0.41 Fortescue Res 4.06 4.89 -0.83 Iluka …
Articles by Northern Miner Staff
Costa Rica court rules to restart Crucitas project
After a 16-month review and public hearings, Costa Rica’s Supreme Court has ruled that Infinito Gold (IG-V) can go ahead with its open-pit gold mine despite objections from environmental groups that t…
Trelawney hits more gold in step-out program (May 10, 2010)
VANCOUVER — The latest drill results from Trelawney Mining and Exploration’s (TRR-V) Chester project in northern Ontario hit more long gold intercepts at its new Cote Lake target.
Perseus on brink of developing Ghanaian gold mine
VANCOUVER — The last year has been a busy one for Perseus Mining (PRU-T, PRU-A) — in those 12 months, the Australian-based explorer has raised more than $125 million in three financings, completed a…
Hathor investors unfazed by high-grade at Roughrider East
VANCOUVER — The first set of assay results from the winter drill program at Hathor Exploration’s (HAT-V) Midwest Northeast project indicate the new Roughrider East zone should contribute handsomely to the growing uranium resource at the…
Teck shows more signs of renewal (May 10, 2010)
VANCOUVER — In the latest sign of a strong recovery, Teck Resources (TCK. B-T, TCK-N) has reinstated an annual dividend after paying a significant portion of its debt ahead of schedule.”There’s a lot of good news to comment on today,” said…
Sandspring up and running in Guyana
VANCOUVER — Between completing a public listing, hitting a number of long gold intercepts in Guyana, and finalizing $14.5 million in financings, Sandspring Resources (SSP-V) has had a busy few months…
US Gold sees 6-year mine life at Gold Bar
US Gold (UXG-T, UXG-X) has completed a preliminary economic assessment on its Gold Bar project in Eureka County, Nev., that looks at producing 57,000 oz. gold per year from an open-pit mine and heap-l…
Fire River moves ahead on Nixon Fork tailings (May 10, 2010)
Now that Fire River Gold (FAU-V) has received promising results about leftover gold in the tailings at its fly-in Nixon Fork gold mine near McGrath, Alaska, the company is evaluating how much it will …
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Cline Mining raises cash for New Elk coal mine in Colorado
VANCOUVER — Cline Mining (CMK-T) has completed a $45- million financing on the heels of a preliminary assessment for its wholly-owned New Elk coal mine project in southern Colorado.
Gold Fields not as lucky as Centerra in Kyrgyzstan (May 10, 2010)
Investors hoping for a smooth transition of governments in Kyrgyzstan were disappointed that Gold Fields (GFI-N, GOF-L)had run into trouble in the Central Asian country.