Eurasian seeks IOCG in Sweden
KIRUNA, SWEDEN — Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMXX) is a prospect generator. The company takes its prime assets — deep geological expertise and skill navigating difficult socio-political settings — to…
Articles by Northern Miner Staff
Crocodile Gold lines up $18M
Crocodile Gold (TSX: CRK; US-OTC: CROCF), which operates three gold mines in Australia, has announced an $18-million private placement with Sprott Asset Management, Eric Sprott and Luxor Capital Group to finance its growth projects.
Roxgold’s drills return more high grade at Bagassi South
The first results are in from a 5,000-metre drill program launched in February at Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Bagassi South target in Burkina Faso, and president and CEO John Dorward says he’s pleased with both the grades…
Short Position Report
Short positions outstanding at Feb. 15/14 (with changes from Jan. 31/14).
U.S. equities remain in positive territory, Feb. 10-14
It was the second straight week of gains for U.S. stock indexes despite some soft economic data showing that industrial production in January fell 0.3%. But the good news trumped the bad, with U.S. export prices climbing 0.2% in January,…
Allied Nevada sells Hasbrouck to West Kirkland
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV), like many gold producers, has been taking steps to strengthen its balance sheet and recently announced the sale of a non-core asset in Nevada.
Atacama Pacific Gold grows Cerro Maricunga
Over the last three years, Atacama Pacific Gold (TSXV: ATM; US-OTC: ACPGF) has advanced its Cerro Maricunga gold deposit in northern Chile from a grassroots discovery to one of the largest undeveloped oxide gold deposits in the world, with 3.5…
Cliffs puts the brakes on spending, swings to Q4 profit
On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…
Richmont expects $13.5M writedown at W Zone mine in Val-d’Or
Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
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…