Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29 US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253 …
Canada
Commerce Resources’ Ashram REE project boasts $2.3B NPV
Commerce Resources (CCE-V) has outlined the financial case for its remote Ashram rare earth element (REE) project in a preliminary economic assessment (PEA).The company plans to extract 4,000 tonnes per day from an open pit at its northern…
Editorial: When the fec hits the mining fans
To every enviro protest, there is a Four Seasons. Anti-mining street activism took a noxious turn in downtown Vancouver on May 24, as a luncheon — held at the Four Seasons hotel by the Canadian Institute of Mining, Metallurgy and…
Letter to the editor: Bismuth’s not so bad
An article in The Northern Miner (“Tin and silver: The new electric metals,” April 30–May 6/12) discussed the European Union’s ban on the use of lead in products sold in Europe and the resulting use of tin, silver and…
Labrador Iron Mines: Canada’s newest iron-ore producer
Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers looking to market iron ore…
Prophecy Platinum sees promising signs at Wellgreen
Things keep rolling along for Vancouver-based Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon. The junior released a flurry of news to end May, including a maiden full-spectrum…
Harry Winston Q1 misses consensus
Harry Winston Diamond’s (HW-T, HWD-N) earnings for the first quarter of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations.
Barrick slides on management changes
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
Aurizon stresses patience with Joanna development
VANCOUVER — Cashed-up gold producer Aurizon Mines (AKZ-T, AZK-X) has taken a step-back from the development threshold on its Joanna gold property 20-km-east of Rouyn-Noranda, Quebec. The company made the decision following the release of…
Kivalliq looking to establish uranium district in Nunavut
VANCOUVER — Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut.
[Update] Positive PEA for Sabina’s Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
Venture slides in May 28 – June 1 period
VANCOUVER — The S&P TSX Venture Composite Index swung back into the red in the May 28 to June 1 period, dropping 17.68 points to end at 1,291.59 on three days of gains and two days of losses. Volume kept in line with the week before…