Virginia Mines funds Coulon exploration
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
News
TSX posts strong numbers, Feb. 10-14
Upbeat trade numbers from China showing that import growth reached a six-month high in January helped ease worries about emerging markets and pushed up oil prices. Investors were also relieved when the U.S. Congress approved an increase in the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 18 2014Precious MetalsPrice…
Rubicon inks $75-million gold stream with Royal Gold
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
Centerra closer to restructuring Kumtor’s ownership
Centerra Gold (TSX: CG; US-OTC: CAGDF) says Kyrgyzstan’s parliament has passed a resolution that appears to support the new ownership structure for the country’s largest gold mine, despite several “materially…
TNM’s Gwen Preston discusses Cliffs’ closure of Wabush Mines on CBC TV
Northern Miner senior staff writer Gwen Preston appeared as a guest on CBC TV’s extensive coverage of Cliffs Natural Resources’ (NYSE:CLF) closure of the Wabush Mines iron ore mine in western Labrador.
TSX Venture Exchange, Feb. 3-7
The S&P/TSX Venture Composite Index rallied during the trading sessions after two consecutive weeks in the red, as it jumped 1.1%, or 10.78 points, en route to a 962.10-point close. Markets were bolstered by rising metal and energy futures,…
Silver Standard buys Marigold mine for $275M
VANCOUVER — With a $275-million deal to buy the Marigold gold mine in Nevada, Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) will be doubling its production profile, boosting its reserves by 50% and lowering its geopolitical risk.
First Quantum expands on Inmet’s vision at Cobre Panama
In an era when investors are demanding leaner budgets and more efficient projects, First Quantum Minerals (TSX: FM, LSE: FQM) is going old school. The company says the economics of the recently acquired Cobre Panama copper project in…
Sunridge gets cash and government on board in Eritrea
Sunridge Gold (TSXV: SGC; US-OTC: SGCNF) says it’s the biggest milestone achieved to date at its Asmara copper–zinc–gold project in Eritrea. In one broad stroke the company has cemented its position in the country and…
Casablanca urges Cliffs to spin off international assets
Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…
Excelsior’s strong economics at Gunnison create market stir
VANCOUVER — Excelsior Mining (TSXV: MIN) took its time with a prefeasibility study (PFS) at its Gunnison copper project in southern Arizona, but when the company finally unveiled its results on Jan. 17, the market took notice. Excelsior…