BMO initiates coverage of Cardinal Resources
BMO Capital Markets is initiating coverage of Perth-based Cardinal Resources (TSX: CDV; ASX: CDV) with an outperform rating, noting that the company’s Namdini gold project in Ghana is “one of the…
Australia, NZ & South Pacific
China’s Yibin Tianyi invests in lithium-focused AVZ Minerals
China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals (ASX: AVZ) for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to…
Fireside chat with Kirkland Lake Gold’s Tony Makuch
The Northern Miner hosted its third annual Progressive Mine Forum in October. During the event, Tony Makuch, president and CEO of Kirkland Lake Gold (TSX: KL; NYSE: KL), sat down…
TSX Venture posts small gain, Oct. 14-18: Novo Resources, New Pacific Metals, BonTerra, Cobalt 27
The S&P/TSX Composite Index rose 0.30% to 542.43 during the trading week. Spot gold finished at US$1,489.60, up 80¢. Novo Resources jumped 33¢ to $2.80. The company recently reported positive…
US markets mixed, Oct. 14-18: Agnico Eagle, AngloGold Ashanti, Newmont Goldcorp
The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the…
RNC bets Higginsville mill, mines worth cost of dilution
RNC Minerals (TSX: RNX; US-OTC: RNKLF) chairman and CEO Paul Huet is like the hockey coach who takes over mid-season because the team is underperforming. The Toronto-based company brought Huet…
Mystery nickel buyer could restart First Quantum’s Ravensthorpe
First Quantum Minerals (TSX: FM; LSE: FQM) management says it could have a buyer for any nickel produced from a restart of the venerable Ravensthorpe nickel-cobalt mine at Bandalup Hill…
Macarthur assays from Hillside show anomalies
Three of the initial assays from Macarthur Minerals’ (TSXV: MMS) Hillside gold and copper project in the Pilbara region of Western Australia have returned anomalous grades for base metals and…
Novo bulk samples at Egina return coarse gold
Bulk samples collected from test pits excavated at Novo Resources’ (TSXV: NVO) Egina gold project in the Pilbara region of Western Australia have recovered coarse gold. Novo processed 281 cubic…
RNC expands Beta Hunt with resource update
Infill and exploration drilling in the Western Flanks Zone of the Beta Hunt gold mine in Western Australia has boosted measured and indicated resources fivefold and inferred resources threefold, RNC Minerals (TSX:…
Top-10 Canadian miners by market cap
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization, as of early July 2019. 1. Nutrien Market cap: $41.8 billion Nutrien (TSX: NTR; NYSE: NTR) is the…
US markets drop, June 24-28: Agnico Eagle, Rio Tinto
The Dow Jones Industrial Average fell 0.45% to 26,599.96 and the S&P 500 Index dropped 0.30% to 2,941.76. Spot gold rose 0.71% or US$9.90 per oz. to US$1,408.90 per oz….