US markets down, June 25-29
Gold fell 1.3% to close at US$1,252.4, as threats of a trade war with China continue to loom over the United States. The Philadelphia Gold and Silver Index slipped 0.5%…
Freeport McMoRan
Altius spins out copper play Aethon Minerals
Newly formed copper explorer Aethon Minerals (TSXV: AET) is adding to its already large Chilean land package with an option agreement to acquire full interest in the Llanos de Llahuin…
Nevsun rejects $1.5B Euro Sun, Lundin Mining proposal
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has…
Nevsun completes prefeasibility at Timok
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) has a busy year ahead. In early April, the mid-tier base metals company released a prefeasibility study for the Cukaru Peki Upper Zone, part…
BMO raises moly price forecast
BMO Capital Markets analyst Colin Hamilton is raising his molybdenum price forecast to US$10.75 per lb. for 2018. “Having been stuck in a range of US$7 to US$9 per lb….
US markets post marginal gains, Aug. 21-25
The Dow Jones Industrial Average advanced 0.64% to 21,813.67 and the S&P 500 Index rose 0.72% to 2,443.05. The Philadelphia Gold & Silver Index increased 2.29% to 85.82. Freeport-McMoRan was…
Nevsun halves Bisha mine life, revises Timok study plans
Newly appointed CEO Peter Kukielski hasn’t wasted time putting his imprint on Nevsun Resources (TSX: NSU; NYSE-MKT: NSU). The Stanford University-educated civil engineer, who joined the company in May, is…
TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, DRC…
Copper needs more investment, analyst says
AllianceBernstein, a global investment management firm with an independent sell-side research arm, is calling for greater investment in copper to build enough capacity to meet demand. “At a conservative estimate,…
Site visit: Southern Silver aims to grow Cerro las Minitas
GUADALUPE VICTORIA, DURANGO STATE, MEXICO — Southern Silver Exploration (TSXV: SSV) hopes that its polymetallic Cerro las Minitas project — “a hill of many small mines” in English — could…
US markets move lower, Dec. 27-30
Revisions to gross domestic product growth in the third quarter of 2016 showed the U.S. economy grew at a pace of 3.5%, rather than the previously reported 3.2%, and double…
Greenstone buys majority of Coro Mining’s latest financing
A private equity firm specializing in the mining and metals sector run by former executives of Xstrata and J.P. Morgan has bought most of the shares that Chile-focused Coro Mining…