The Northern Miner

The Northern Miner is a weekly publication focused on the mining sector. It originally started in Cobalt, Ontario, Canada, in 1915 before relocating to Toronto. This journal is recognized as the top source for news and information about the mining industry in Canada and is often referred to as "the bible of the mining industry."

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Receiver to sell disaster-hit Eagle mine

3 days ago | northernminer.com | Blair McBride

One year after the Eagle mine in Yukon suffered a catastrophic landslide, the company overseeing Victoria Gold’s former site is looking to sell the mine as the cleanup effort proceeds. PricewaterhouseCoopers, which became the receiver for the company and mine last August, announced in mid-June it was preparing to sell the mine and its related assets.
Citizens rally to reopen Cobre Panama copper mine

4 days ago | northernminer.com | Amanda Stutt

Thousands of former workers, members of supplier companies and residents around First Quantum Minerals’ (TSX: FM) giant Cobre Panama copper mine rallied for the government to reopen the major employer and economic driver, according to local media. The demonstrators on Sunday want the government of President José Raúl Mulino to start negotiations with First Quantum subsidiary Minera Panamá.
New study gives Ivanhoe Electric’s Santa Cruz copper project $1.4B value

4 days ago | northernminer.com | Blair McBride

A new preliminary feasibility study (PFS) for Ivanhoe Electric’s (TSX, NYSE: IE) Santa Cruz copper project in Arizona gives the proposed mine an after-tax net present value (NPV) of $1.4 billion (C$1.9 billion) at initial costs of $1.24 billion. Shares rose. The underground mine could produce 72,000-tonnes of copper cathode annually during the first 15 years of a 23-year life and has an internal rate of return (IRR) of 20% at a base case of $4.25 per lb. copper, Ivanhoe said Monday.
Maritime expands Hammerdown gold as output nears

1 week ago | northernminer.com | Frederic Tomesco

Canadian explorer Maritime Resources (TSX-V: MAE) said drilling at its Hammerdown project in Newfoundland and Labrador identified a new near-surface gold zone with “substantial” grades. The stock jumped. Hole HDGC-25-272 cut 13.9 metres grading 24.5 grams gold per tonne from 11 metres depth, including 8 metres at 42.2 grams from 17 metres, Maritime said Wednesday in a statement. Another hole, HDGC-25-276, cut 13.5 metres at 7.2 grams from 22.5 metres downhole.
Korite acquisition in Alberta creates world’s only mine-to-market ammolite producer

1 week ago | northernminer.com | Amanda Stutt

When Buffalo Rock Mining acquired Calgary-headquartered Korite, North America’s largest producer of ammolite, it flew right under the mining industry’s radar, even as the company’s creations were featured in the New York Times. The acquisition, say Indigenous owners Tracy and Beth Day Chief of the Kainai Nation, reflects a revitalized vision for the company, in commitment to ethical and sustainable mining.
NexGold assays revive historic Nova Scotia region

1 week ago | northernminer.com | Frederic Tomesco

Explorer NexGold Mining (TSXV: NEXG; OTCQ-X: NXGCF) says new drill results are likely to boost a resource update this year for a project in a Nova Scotia gold region dating to before Canada was born. The company cut a highlight result of 36.8 metres grading 1.6 grams gold per tonne from 271.2 metres depth at its Goldboro project. Hole BR-25-504 also cut 32.55 metres at 0.83 gram gold from 234.5 metres downhole, NexGold said Thursday in a statement.
Foran assays extend copper zone at McIlvenna Bay

1 week ago | northernminer.com | Frederic Tomesco

Foran Mining (TSX: FOM; OTCQ-X: FMCXF) cut a highlight result of 21.3 metres grading 1.55% copper at its McIlvenna Bay project in east-central Saskatchewan. Hole BZ-25-02 also intersected 0.69% zinc, 4.8 grams per tonne silver and 0.01 gram gold from 1,186 metres depth, Foran said Tuesday in a statement. This included 7.6 metres grading 1.9% copper, 0.85% zinc, 5.3 grams silver and 0.01 gram gold.
Two Ring of Fire First Nations oppose Ontario law

1 week ago | northernminer.com | Blair McBride

Two northern Ontario First Nations who have infrastructure agreements with the province related to the Ring of Fire have come out against the government’s new law that seeks to ease mine development across the province. The Aroland and Marten Falls First Nations said this month they’re not aligned with law, widely known as Bill 5, which passed on June 5.
Sprott to buy $200M of uranium for special fund

1 week ago | northernminer.com | Frederic Tomesco

Asset manager Sprott (TSX, NYSE: SII) said it plans to buy about US$200.1 million ($270 million) worth of physical uranium for its dedicated fund after raising twice as much money as planned via a bought deal. Canaccord Genuity is to acquire 11.6 million units of the Sprott Physical Uranium Trust at a price of US$17.25 per unit, double what had been announced hours earlier, Toronto-based Sprott said Monday morning in a statement.
Alberta coal mines gravely threaten fish, study shows

2 weeks ago | northernminer.com | Blair McBride

Leachings from historic coal mines in southwest Alberta could poison and even kill off downstream fish populations, according to a new scientific study released as a Calgary-based explorer seeks to drill for coal in the region. The Alberta government scientific study, published on May 27, points to the element selenium, which is released from weathered rock discarded from mountaintop coal mines and can be poisonous when it accumulates in fish.