Letter to the editor: Excuses, excuses
Poor geology is a poor, but valid, excuse for a mining company to use when describing why their ore deposits do not have the ore as expected.
Articles by Northern Miner Staff
Torex CEO reflects on journey to first gold at Morelos
VANCOUVER — Nearly six years ago Torex Gold Resources (TSX: TXG; US-OTC: TORXF) consolidated a promising claim block 180 km southwest of Mexico City — called Morelos Norte — via a US$150-million deal with Teck…
Rubicon’s F2 deposit is uneconomic
A revised geological model and updated resource estimate that eviscerates much of the tonnage and grade at Rubicon Minerals’ (TSX: RMX; US-OTC: RBYCF) F2 gold deposit means that more exploration would be needed at depth and along strike…
Euromax sees a bright future for mining in Macedonia
It’s full steam ahead for aspiring miner Euromax Resources (TSXV: EOX) in Macedonia, as the company positions its Ilovica copper-gold porphyry deposit, 15 km west of the border with Bulgaria, to become the European country’s first…
Copper miners will ‘struggle for survival’, Canaccord says
VANCOUVER — It’s now a “survival of the fittest” story for copper miners, according to Canaccord Genuity analyst Peter Bures, and commodity markets might not offer much relief for at least two years. Over the past 12…
Editorial: Arch Coal teeters under heavy debt, seeks bankruptcy protection
The deep convulsions in the ailing U.S. coal-mining sector are continuing unabated into the new year, with America’s second-largest coal miner, Arch Coal, seeking bankruptcy protection on Jan. 11.
New Argentine government making right moves, Rob McEwen says
After more than a decade of leftist government, voters in Argentina elected Mauricio Macri, a wealthy businessman and Buenos Aires mayor, as their new president on Nov. 22, 2015. The centre-right politician has promised more pro-business and…
Dominion Diamond grapples with activist shareholders
Yellowknife-based Dominion Diamond (TSX: DDC; NYSE: DDC) is the latest Canadian miner to land in the cross hairs of activist shareholders. On Dec. 21, Toronto-based hedge fund K2 & Associates Investment Management emailed a letter…
NexGen forges ahead at Arrow uranium discovery
NexGen Energy (TSXV: NXE; US-OTC: NXGEF) has kicked off a 30,000-metre drill program at its exciting Arrow uranium discovery in Saskatchewan’s Athabasca basin, after last year’s success.
Wall Street stocks down sharply, Jan. 4-8
The opening week of 2016 marked the worst first week in history for Wall Street stocks, as oil prices fell to their lowest level in more than a decade and concerns about slowing growth in China spooked global markets. Manufacturing data in…
TSX drops, Jan 4-8
Canada’s benchmark index posted a triple-digit loss in the new year. The S&P/TSX Composite Index fell 4.3%, or 564.5 points to 12,445.45, despite a positive jobs report. The S&P/TSX Capped Diversified Metals & Mining Index…
Short Position Report
TSX Short Positions Short positions outstanding at Dec. 31/15 (with changes from Dec….