GTA shares come back down to earth…somewhat
The market exuberance for GTA Resource and Mining (GTA-V) cooled off a day after the company announced drill results from its first phase of drilling at its Northshore property.
Canada
Feds to modernize Port of Sept-Iles
The Canadian government’s decision to spend up to $55 million on the construction of a deep-water, multi-user dock at the Port of Sept-Iles that complies with new loading standards in the iron ore industry is welcome news to iron ore…
Nyrstar’s meteoric rise as a miner
Vancouver — Born of two established metals companies as a pure smelting play in 2007, Brussels-listed Nyrstar NV has since grabbed a commanding position in the zinc supply chain with no sign of slowing down.
Northshore results boost GTA, Balmoral
Shares of GTA Resources and Mining (GTA-V) surged $1.29 or 528.6% to end the day at $1.54 on 7.8 million shares traded after releasing drill results from the Northshore property in the Hemlo-Schrieber greenstone belt of Ontario….
Corvus shares surge 50% on Nevada gold
Vancouver — Corvus Gold (KOR-T) has started the year with a bang. Positive assay results from its North Bullfrog gold-silver project outside of Beatty, Nev., combined with a generally sunny outlook for gold juniors helped push the…
Venture sees small point, large volume drop in Feb 6-10 period
Vancouver – The S&P TSX Venture Composite Index saw its first week of decline since mid-December in the February 6 to 10 trading period, dropping 11.56 points to 1,653.55 points as questions about the Greek debt deal overshadowed…
Canadian Mining Hall of Fame welcomes five inductees
The Canadian Mining Hall of Fame, of which The Northern Miner is a sponsor, welcomed five new inductees at its twenty-fourth annual induction dinner in mid-January at the Fairmont Royal York Hotel in Toronto.
Elgin’s bid for Gold-Ore to create new Arctic gold producer
With gold equities having largely underperformed for more than a year despite gold prices hitting a series of new all-time highs, many predict a fresh wave of M&A activity for the gold sector in 2012, arguing it now represents one of the…
Glencore, Xstrata to create megaminer
Commodities trader Glencore International (GLEN-L) is looking to combine with Xstrata (XTA-L) in an all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome,…
First Point shares up 105% so far in 2012
The junior mining sector is off to a good start in 2012, though few companies have seen their share price rise as much as First Point Minerals (FPX-V). The company’s shares are up 105% since Dec. 30, climbing from a near-52-week low of 41¢…
Canaccord brokers pile back into North Country
At least 14 Canaccord Genuity brokers have picked up shares in Nunavut-focused gold explorer North Country Gold (NCG-V) in a recent private placement. North Country raised $12 million in late December by issuing 10.2 million flow-through shares…
The shine is back on uranium stocks
Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior’s future production.