News

Newstrike outlines maiden resource at Ana Paula

VANCOUVER — It has been a wild ride for Vancouver-based explorer Newstrike Capital (NES-V) at its flagship Ana Paula gold-silver project along the emerging gold belt in Guerrero State, Mexico. After acquiring the project roughly three…



Patterson Lake discovery triggers junior uranium frenzy

VANCOUVER — Nothing draws Canadian explorers quite like an emerging mineral discovery that looks to have district-scale potential, and that is proving to be the case with Fission Energy (FIS-V) and Alpha Minerals (AMW-V) Patterson Lake…


Barno's Twangiza project in the Democratic Republic of Congo. Source: Banro

Banro eyes US$100M financing to get back on track

Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year end.   



Workers oversee development at the Baomahun project in Sierra Leone. Source: Amara Mining

Amara delivers on promise

In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…


A ball mill at Endeavour Silver's Bolanitos silver mine in Guanajuato state, Mexico. Source: Endeavour Silver

Endeavour reports record earnings, output

VANCOUVER — A day after announcing record earnings in 2012, Endeavour Silver (EXK-N) inked a deal to sell bonus concentrate from its overachieving Bolanitos silver-gold mine to local Mexican smelters, in a move that positions the producer…


Gold is poured at Crocodile Gold's Union Reefs mill in Australia's Northern Territory, 185 km southeast of Darwin. Source: Crocodile Gold

Crocodile uses debt to fund growth in Oz

Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.


Mercator Minerals' Mineral Park copper-molybdenum mine in northwestern Arizona. Source: Mercator Minerals

Mercator eyes better days ahead

Mercator Minerals (ML-T) had a difficult year in 2012, but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8-million writedown on its El Creston molybdenum-copper project in Mexico’s Sonora…


Hope Bay springs eternal for TMAC

VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…


Tintina grows Black Butte’s copper

VANCOUVER — With an upgraded resource estimate for a second deposit at its Black Butte project in Montana now in hand, Tintina Resources (TAU-V) is ready to revamp the project’s recent economic assessment while it awaits permission…


Copper Mountain contemplates secondary crusher

Despite several mill maintenance shutdowns last year and variable ore hardness and fragmentation entering the semi-autogenous grinding mill from different open-pit locations, Copper Mountain Mining (CUM-T) posted a gross profit of $38.2 million…


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