Shear secures Jericho water licence
Vancouver – Shear Diamonds (SRM-V) has been given the final ok on a renewal of its water licence for its Jericho diamond project in Nunavut.
Canada
Lake Shore Gold updates resource at Timmins West mine
Greater knowledge from mining and development work over the last year and a half, results from additional infill drilling and a reinterpretation of drill results have culminated in an updated resource estimate for Lake Shore Gold’s…
Kinross reports US$2.78B Q4 loss
Vancouver – Kinross Gold (K-T, KGC-N) has announced a US$2.78-billion net loss, or $2.45 per share, for the fourth quarter of 2011 following the write-down of its assets acquired though the takeover of Red Back Mining in 2010.
Canada Lithium secures $92M vote of confidence
Vancouver – While investor confidence hasn’t necessarily returned to Canada Lithium (CLQ-T), the company has been given stamps of approval by Scotiabank and Caterpillar Financial Services in separate financing deals.
GTA shares come back down to earth…somewhat
The market exuberance for GTA Resource and Mining (GTA-V) cooled off a day after the company announced drill results from its first phase of drilling at its Northshore property.
Feds to modernize Port of Sept-Iles
The Canadian government’s decision to spend up to $55 million on the construction of a deep-water, multi-user dock at the Port of Sept-Iles that complies with new loading standards in the iron ore industry is welcome news to iron ore…
Nyrstar’s meteoric rise as a miner
Vancouver — Born of two established metals companies as a pure smelting play in 2007, Brussels-listed Nyrstar NV has since grabbed a commanding position in the zinc supply chain with no sign of slowing down.
Northshore results boost GTA, Balmoral
Shares of GTA Resources and Mining (GTA-V) surged $1.29 or 528.6% to end the day at $1.54 on 7.8 million shares traded after releasing drill results from the Northshore property in the Hemlo-Schrieber greenstone belt of Ontario….
Corvus shares surge 50% on Nevada gold
Vancouver — Corvus Gold (KOR-T) has started the year with a bang. Positive assay results from its North Bullfrog gold-silver project outside of Beatty, Nev., combined with a generally sunny outlook for gold juniors helped push the…
Venture sees small point, large volume drop in Feb 6-10 period
Vancouver – The S&P TSX Venture Composite Index saw its first week of decline since mid-December in the February 6 to 10 trading period, dropping 11.56 points to 1,653.55 points as questions about the Greek debt deal overshadowed…
Canadian Mining Hall of Fame welcomes five inductees
The Canadian Mining Hall of Fame, of which The Northern Miner is a sponsor, welcomed five new inductees at its twenty-fourth annual induction dinner in mid-January at the Fairmont Royal York Hotel in Toronto.
Elgin’s bid for Gold-Ore to create new Arctic gold producer
With gold equities having largely underperformed for more than a year despite gold prices hitting a series of new all-time highs, many predict a fresh wave of M&A activity for the gold sector in 2012, arguing it now represents one of the…