Impact Cuts High-Grade Mexican Silver
VANCOUVER — As Impact Silver (IPT-V, ISVLF-O) announces results of a 54-hole drill campaign at the Capire target on its Mamatla property in Mexico, it says there may be potential for an open-pit mine…
Articles by Northern Miner Staff
Toronto Stock Exchange – March 3-9
The TSX was down during the March 3-9 reporting period, with the S&P/TSX composite index losing 121 points, or 1.6%, to 7,567. Last May, the index hit 15,000.
Oyu Tolgoi Agreement Makes Headway In Mongolia
Ivanhoe Mines (IVN-T, IVN-Q) says that Mongolia’s cabinet has completed its second review of the draft investment agreement for the massive Oyu Tolgoi project and has said it will present the draft to…
U. S. Markets – March 3-9
In a CNBC television interview on March 9, Warren Buffet said the U. S. economy had “fallen off a cliff” and argued Washington needed to wage an “economic war” to fix it and restore confidence in the …
Nagging Court Case Over For Farallon
Farallon Resources (FAN-T, FRLLF-O) is generating positive news despite being a base metal producer in a slumping metals market.
Hawk Quits Noront JV On Disappointing Results
Ho-hum exploration results in the “Ring of Fire” in the McFaulds Lake area of northern Ontario have forced Hawk Uranium (HUI-V, HWKPF-O) to bow out of its joint-venture option agreement with Noront Re…
Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
Rio Tinto Gets US$761M For Jacobs Ranch Coal Mine
Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp. of China (ACH-N) (Chinalco) hasn’t slowed the pace of the debt-laden major’s asset sales.
Dividends (March 16, 2009)
Note: Alcoa will pay $0.9375* on its $3.75* cmltv pr sh on Apr
International Quotes (March 16, 2009)
Australia (A$) March 10 March 3 Change Bendigo Mining 0.21 0.21 0.00 Kingsgate Cons. 4.65 4.93 -0.28 Lion Selection Ltd 0.90 0.80 0.10 Newcrest Mining 30.75 31.53 -0.78…
Lending Rates (March 16, 2009)
as of 9 a. m. ET. March 10, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime 3…
Exchange Rates (March 16, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 9 Mar. 6 Mar. 5 Mar. 4 Mar. 3 US$ in C$ 1.3000 1.2863 1.2877 1.2765 1.2938 C$ in US$ 0.7692 0.7774 0.7766 0.7834 0.7729…