Exchange rates continue to impact mining salaries
Employment in the mining industry is highly specialized and as a result, retaining skilled staff is challenging. These employees are often the most valuable asset at a mine and can…
News
The Northern Miner Podcast – episode 175: Confident Cameco sees nuclear power as ‘indispensable tool’ to fight climate change
This episode features excerpts from Cameco’s Feb. 7, 2020, conference call. Cameco president and CEO Tim Gitzel discusses the fundamentals of the uranium market, spot market purchases, vision and strategy,…
Excellon to acquire Otis in all-share deal
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices. Excellon’s main…
Canada no longer top mining investment destination, Fraser Institute says
For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute’s top 10 investment destinations, based on the 2019 annual survey of mining and exploration companies….
Corvus gets positive results at Mother Lode
Infill drilling at Corvus Gold’s (TSX: KOR) Mother Lode deposit has intercepted high-grade mineralization over a broad area. Highlights include 88.4 metres of 1.92 grams gold per tonne and 56.4 metres…
GoldMining to buy Almaden gold project in Idaho
GoldMining (TSX: GOLD; US-OTC: GLDLF) has agreed to buy the Almaden gold project in west-central Idaho from Sailfish Royalty Corp. for $1.2 million in cash and shares. Located 140 km…
Global Exploration Snapshot: West Africa and South America remain popular
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight…
Teck walks away from Frontier oil sands project
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make…
Gold surges on coronavirus fears
Seven straight sessions of gains lifted the gold price to a fresh seven-year high, after renewed fears of the coronavirus sent investors scurrying to safe-haven assets. The gold price touched…
Kirkland Lake Gold’s Tony Makuch our Mining Person of the Year for 2019
Tony Makuch, president and CEO of Kirkland Lake Gold, is The Northern Miner’s Mining Person of the Year for 2019. Under his leadership, Kirkland Lake Gold has outperformed its peers…
TSX Venture drops, Feb. 17-21: K92, Great Bear, New Pacific, Novo Resources
The S&P/TSX Venture Composite Index fell 2.14% to 582.67 and gold finished the week at US$1,643.00 per oz., up US$59.40 per ounce. Drill results from the Kora North Extension of…
US markets fall, Feb. 17-21: Agnico, AngloGold Ashanti, Barrick, Coeur Mining
With the coronavirus epidemic and trade tensions clouding the economic outlook, the Dow Jones Industrial Average fell 1.38% to 28,992.41 and the S&P 500 dropped 1.26% to 3,337.75. Safe haven…