News


Orbite to produce alumina, rare earths in 2013

Orbite Aluminae (ORT-T) has been busy proving that its patented technology to extract alumina from clay, bauxite and red mud — the residue left from traditional extraction processes — works on a large-scale. It plans to…


At MAG Silver and Fresnillo's Juanicipio silver project in Mexico, from left: Canaccord Genuity analyst Nicholas Campbell; MAG Silver founder and director Peter Megaw; Cinco de Mayo project manager Jim McGlassen; and Macquarie Securities analyst Michael Gray. Photo by MAG Silver

MAG Silver sings Juanicipio’s praises

In a conference call on June 14, MAG Silver’s (MAG-T, MVG-X) president and CEO, Dan MacInnis, enthusiastically described the company’s Juanicipio polymetallic project in Mexico as “bulletproof” and “one of —…


Short position reports

TSX Short Positions       Short positions outstanding at June 15/12 (with changes from May 31/12).Largest Short Positions   SecurityTickerTotal…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 2 June 29 June 28 June 27 June 26   US$ in C N/A 1.0191 1.0333 1.0257 1.0265  …


The landscape at the Quimsacocha gold project in Ecuador, which INV Metals is acquiring from Iamgold. Photo by INV Metals

Iamgold ‘not bailing’ on Ecuador: INV

Headlines in the mainstream media that Iamgold (IMT-T, IAG-N) is giving up on Ecuador are fundamentally incorrect, Candace MacGibbon, president and chief financial officer of junior explorer INV Metals (INV-T), tells The Northern Miner.INV…


Centerra drops as Kyrgyz gov’t reviews Kumtor

Centerra Gold (CG-T) plunged more than 30% on June 22, as the Kyrgyzstan parliament debated the fate of the company’s Kumtor gold project in the country while investors worried about the possibility of Centerra losing its mining…


New Gold starts up New Afton in BC

New Gold (NGD-T, NGD-N) has brought a fourth mine online with the timely start-up of its New Afton gold-copper mine near Kamloops, B.C.  The Vancouver-based producer says the first ore from the newly minted underground mine was processed…


Gold takes the spotlight at Aldridge’s Yenipazar

Aldridge Minerals (AGM-V) aims to capitalize on Turkey’s mining boom, which has drawn substantial international curiosity and investment.  Aldridge has been on a bit of a roll recently with upgraded metallurgy and an expanded…


A driller at Almonty Industries' Los Santos tungsten project in western Spain, 50 km from Salamanca. Photo by Almonty Industries

Almonty Industries: Black’s second act?

Almonty Industries (AII-V) may be a relative newcomer to the TSX Venture Exchange — it listed just nine months ago — but the junior tungsten producer is probably better known in the industry for its depth of management. CEO Lewis…


Workers build a drill pad at Red Eagle Mining's Santa Rosa gold project near Medellin, Colombia. Photo by Ian Bickis

Red Eagle tickled pink with Santa Rosa in Colombia

Colombia-­focused junior Red Eagle Mining (RD-V) has hit encouraging high-grade gold intercepts in a phase-two drill program at its Santa Rosa project near Medellin, although the final drilling from phase one did not fare as well.Hole 42…


Gran Colombia builds up Marmato

Gran Colombia Gold (GCM-T) has boosted the resources at its Marmato gold project in Colombia, although it cost a bit of grade to do so.The company says measured and indicated resources stand at 409.7 million tonnes grading 0.9 gram gold…


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