Lundin loses US$957M in 2008
Vancouver – Lundin Mining (LUN-T) lost almost US$1 billion in 2008 and now carries US$267 million in debt followi…
Articles by Northern Miner Staff
Rubicon expands its Red Lake jewel
RED LAKE, ONT. – In summer, Red Lake (population 5,000) is a charming place, well known for its abundant fishing …
Dividends (March 02, 2009)
Note: Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Al…
Shore Gold Looks Beyond Current Diamond Demand Collapse
SASKATOON, SASK. — As with all other commodities, diamonds had a rough year in 2008. All sectors of the diamond pipeline have adjusted, and will continue to adjust to the current economic climate.
Producer And Dealer Prices (March 02, 2009)
Antimony: Mid-mkt US$4,400 /t.
Lending Rates (March 02, 2009)
as of 9 a. m. ET. Feb. 24, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
TSX Venture Short Positions (March 02, 2009)
Short positions outstanding at Feb. 15/09 (with changes from Jan. 31/09).
HudBay And Lundin Kill Merger Plans
VANCOUVER — HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have officially cancelled their merger plans. The move, however, is no surprise because the deal had already been essenti…
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.
The Scoop On TFSAs
Tax Free Savings Accounts, or TFSAs, have come along at a perfect time for those of us who invest or trade in speculative resource stocks. Introduced in last year’s federal budget, TFSA’s came into ef…
Canadian Gold Mutual Funds (March 02, 2009)
Featured Fund: BMO precious metals as of 12/31/08 (in weighted order): Kinross Gold, Allied Nevada Gold, Agnico-Eagle Mines, Goldcorp, Red Back Mining, San Gold, Quadra Mining, Franco-Nevada, Lihir Go…
Silver Spruce And The ‘Silver Bonanza’ Puzzle
Silver Spruce Resources (SSE-V, SSEBF-O) has learned through experience in Mexico that silver solder is routinely used in diamond drill bits and that destruction of these bits, especially if water cir…