Stornoway files Qilalugaq’s resource estimate
Stornoway Diamond’s (SWY-T) maiden resource for the Q1-4 kimberlite on its Qilalugaq diamond project in Nunavut did little to boost its lately sagging share price.
News
La Mancha extends gold strike at Ity
VANCOUVER — International gold producer La Mancha Resources (LMA-T) unveiled some good news at its Ity mine in Côte d’Ivoire to start June, when the company released drill results that indicate an extension of gold…
Southern Silver eyes next Blind zone
After waiting more than 30 years, Southern Silver Exploration’s (SSV-V) man in Durango is finally getting a crack at the Cerro Las Minitas silver property.Adrian Robles, Southern Silver’s senior exploration manager in Mexico, first…
Thompson Creek CEO gives lowdown on Mt. Milligan
Denver-based molybdenum miner Thompson Creek Metals (TCM-T, TC-N) is bulling through a major expansion despite falling moly prices, temperamental equity markets and rising costs in a bid to diversify its commodity basket and provide long-term…
Commentary: Cost overruns on capital development – a growing concern
The number of mine development projects where capital costs are spiralling upwards from their study numbers has increased more than any time I can recall in my 30-plus years of worldwide experience in the development-side of the industry. This…
Market news
Toronto Stock Exchange
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, June 1, 2012 Precious MetalsPrice…
A lifetime achievement
The Northern Miner’s senior sales representative Brian Warriner was honoured with a Life Member appointment from the Canadian Diamond Drilling Association at its annual general meeting in Quebec City in May. It was presented to Warriner…
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 …
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…