Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29 US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253 …
News
Extorre to stagger Cerro Moro’s buildup
Extorre Gold Mines (XG-T, XG-X) is looking to build its Cerro Moro gold-silver project in Argentina’s Santa Cruz province in two stages and halve its start-up costs, but it could see less metal production during the…
Commerce Resources’ Ashram REE project boasts $2.3B NPV
Commerce Resources (CCE-V) has outlined the financial case for its remote Ashram rare earth element (REE) project in a preliminary economic assessment (PEA).The company plans to extract 4,000 tonnes per day from an open pit at its northern…
Corvus hits more high grade at new Bullfrog target
The latest drill hole from the Yellow Jacket target at Corvus Gold’s (KOR-T) North Bullfrog gold-silver project in southern Nevada has returned more evidence of a high-grade feeder zone.The standout interval in hole 12-138 was 5 metres…
Editorial: When the fec hits the mining fans
To every enviro protest, there is a Four Seasons. Anti-mining street activism took a noxious turn in downtown Vancouver on May 24, as a luncheon — held at the Four Seasons hotel by the Canadian Institute of Mining, Metallurgy and…
Letter to the editor: Bismuth’s not so bad
An article in The Northern Miner (“Tin and silver: The new electric metals,” April 30–May 6/12) discussed the European Union’s ban on the use of lead in products sold in Europe and the resulting use of tin, silver and…
Labrador Iron Mines: Canada’s newest iron-ore producer
Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers looking to market iron ore…
Rio Verde to secure $15M for key projects
Rio Verde Minerals (RVD-T) aims to add $15 million to its coffers to help fund exploration and development at its key potash and phosphate projects in northern Brazil, by selling its shares at a premium. The company announced a…
Prophecy Platinum sees promising signs at Wellgreen
Things keep rolling along for Vancouver-based Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon. The junior released a flurry of news to end May, including a maiden full-spectrum…
U.S. Silver and RX Gold and Silver to merge
VANCOUVER — United States-focused junior precious metal producers U.S. Silver (USA-T) and RX Gold and Silver (RXE-V) have agreed to merge in an all-share deal to create a new company called U.S. Gold and Silver.
Sandspring soldiers on at Toroparu
VANCOUVER — It has been a rough year for junior explorer Sandspring Resources (SSP-V) as its share prices have plummeted 67% or $1.60 over the past 52-weeks to a low of 57¢ in early May.
Lion One sets in for defining year
While many a junior is finding current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a defining year.