People (March 02, 2009)
Alamos Gold — Herve Thiboutot appointed VP of exploration; Ken Balleweg has stepped down as VP of exploration but will remain exploration manager.
Articles by Northern Miner Staff
Eritrea’s Potential Sees Canadian Miners Through Turbulence
Eritrea usually finds itself in the Western media’s headlines for its dispute with neighbouring Ethiopia over the border that divides the two countries.
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 …
Getting To The Ring Of Fire
Despite the industry slump, exploration in the McFaulds Lake area of northern Ontario continues apace as Noront Resources (NOT-V, NOSOF-O) and other explorers drill off deposits they hope will add up …
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…
Aquiline Advances Giant Navidad
SITE VISIT GASTRE, ARGENTINA — There are surely very few places where one can stand atop a deposit holding resources of 450-600 million oz. silver. Aquiline Resources’ (AQI-T, AQLNF-O) Navidad…
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…
Nayarit Hunts High Grade At Orion
SITE VISIT ANIMAS, MEXICO — Nayarit Gold’s (NYG-V, NYRTF-O) vice-president of exploration, Hall Stewart, would love to go chasing veins on the company’s 1,120-sq.-km Orion property in Mexico. “The district…
Exchange Rates (March 02, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 23 Feb. 20 Feb. 19 Feb. 18 Feb. 17 US$ in C$ 1.2512 1.2541 1.2595 1.2596 1.2601 C$ in US$ 0.7992 0.7974 0.7940 0.7939 0…