Rule change for TSX companies; no more ‘jamming the deal through’
The Toronto Stock Exchange will soon force companies to hold a shareholder vote for any acquisition that dilut…
Articles by Northern Miner Staff
Cerro San Pedro could grow, New Gold says
In May 2007, New Gold (NGD-T, NGD-X) sold the first of its gold from the Cerro San Pedro mine in central Mexic…
Short Position Report (September 28, 2009)
TSX Short PositionsShort positions outstanding at Sept. 15…
Great Panther to implement three-year growth strategy
Investment in new equipment, plant upgrades and an increased drilling budget along with new underground mine d…
TSX Short Positions (September 28, 2009)
Short positions outstanding at Aug. 31/09 (with changes from Aug. 15/09).
Exchange Rates (September 28, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 21 Sept. 18 Sept. 17 Sept. 16 Sept. 15 US$ in C$ 1.0777 1.0724 1.0613 1.0663 1.0763 C$ in US$ 0.9297 0.9325 0.9422 0.937…
Dividends (September 28, 2009)
Note: Vale will pay $0.4795 for common and prf class A shares on Oct 30. Alcoa will pay US93.75 cents per share on its US$3.75 cmltv prf stk payable Oct. 1, record close Sept 11. Hecla deferred Oct. 1…
International Quotes (September 28, 2009)
Australia (A$) Sept. 22 Sept. 8 Change Aquila Resources 7.56 6.96 0.6 Bendigo Mining 0.26 0.27 -0.01 Centennial Coal 3.28 3.26 0.02 Fortescue Res 4.24 4.25 -0.01 Iluk…
Detour Lake Mine To Cost US$844M
Detour Gold (DGC-T, DRGDF-O) has finished a prefeasibility study for its Detour Lake gold project in northeastern Ontario, outlining a plan to build a 45,000-tonne-per- year open-pit mine that would p…
Eagle Hill Gets The Cash It Needs To Survive (September 28, 2009)
Eagle Hill Exploration (EAG-V, EHECF-O) will soon have the funds it needs to shore up its recent acquisition of Noront Resources’ (NOT-V, NOSOF-O) Windfall Lake gold project in Quebec’s Chibougamau mi…
Soros Fund Invests In Marengo
Billionaire George Soros’s investment fund has taken a 19.9% stake in Marengo Mining (MRN-T, MRN-A), the developer of the Yandera copper project in Papua New Guinea, as part of the junior’s $14.8-mill…
Rusoro Gets Penultimate Permit For Increible 6 Gold Deposit
Rusoro Mining (RML-V, RMLFF-O) has nailed down the penultimate permit it needs to move its Increible 6 gold deposit in southeastern Venezuela into production.