Xstrata To Shut Kidd Smelter
Xstrata (XSRAF-O, XTA-L) has shocked the town of Timmins, Ont., with its decision to permanently close its copper and zinc metallurgical plants, cutting 670 direct positions in the process.
Articles by Northern Miner Staff
Franco-Nevada Goes After International Royalty
Gold-focused royalty company Franco-Nevada (FNV-T) is planning a $640-million cash bid for its smaller peer, International Royalty (IRC-T, ROY-X).
Golden Star Raising US$75M
Golden Star Resources (GSC-T, GSS-X), a gold miner with projects in Ghana, is raising US$75 million in a share offering.
Silver-Gold Intercepts Lift Mirasol
VANCOUVER — Starting but 18 metres down-hole, joint-venture partners Coeur d’Alene Mines (CDM-T, CDE-N) and Mirasol Resources (MRZ-V) hit 25 metres grading 1,164 grams silver per tonne and 0.21 gram …
Probe Mines’ Results Add Shine To Ring Of Fire
A day after Cliffs Natural Resources (CLF-N) announced its initial takeover bid for Freewest Resources Canada (FWR-V) and its chromium assets in the Ring of Fire, drill results from Probe Mines’ (PRB-…
Terra Plans Spinoff To Boost Valuation
VANCOUVER — Terra Ventures (TAS-V) wants to divvy up its property interests into two companies. Arguing it isn’t getting value for assets beyond its 10% production carried interest on Hathor Explorat…
Timmins Walloped By Kidd Closure
Riding high in recent years on the back of new gold projects in the region, the Ontario mining town of Timmins was given a body blow in early November as Xstrata announced it will close the Kidd metal…
HST Good For Miners
Ontario and British Columbia will be harmonizing their provincial retail sales taxes with the federal goods and services tax (GST) on July 1, 2010. That means that both of these provinces will abandon…
Correction (December 14, 2009)
In our article about the Association for Mineral Exploration in British Columbia (AME BC) awards ( T. N.M., Dec. 7-13/09), we incorrectly stated the date of the dinner. The dinner will take place on W…
U.S. Markets -December 1-7
Fallout from the Dubai debt crisis kept markets choppy during the Dec. 1-7 reporting period. The Dow Jones Industrial Average was off 81.47 points to 10,390.11 and the S&P 500 index dropped 5.61 p…
Daily Metal Prices (December 14, 2009)
Date Dec. 7 Dec. 4 Dec. 3 Dec. 2 Dec. 1 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1791/1840 1781/1820 1780/1830 1791/1825 1791/1850 A…
North American Stock Exchange Indices (December 14, 2009)
52-week Date Dec. 7 Dec. 4 Dec. 3 Dec. 2 Dec. 1 High Low S&P/TSX-Ven Comp 1434.40 1450.46 1461.61 1461.79 1450.49 1466.49 683.80 TSX Composite 11489.63 11510.80 11636.55 11779.73 11707.32…