Beleagured Teck Posts $607M Net Loss In Q4
VANCOUVER — Don Lindsay, the president and CEO of Teck (TCK. B-T, TCK-N), addressed the company’s heavy debt load and burgeoning fourth-quarter net loss in a conference call with investors on Feb 17.
Articles by Northern Miner Staff
Kootenay Steps Out At Promontorio
VANCOUVER — Over the past two years, Kootenay Gold (KTN-V, KOOYF-O) has conducted a tightly focused drill program at the Pit zone on its 900-sq.-km Promontorio property in Sonora state, Mexico.
Atna Primed To Pour Gold Again At Briggs
VANCOUVER — It sat idle for five years but now Atna Resources (ATN-T, ATNAF-O) is firing up the Briggs gold mine in Inyo Cty., Calif., and expects to produce its first gold dor soon.
Terrane Bites The Bullet And Delays Mt. Milligan
SITE VISIT SMITHERS, B. C. — As Robert Pease, the president and CEO of Terrane Metals (TRX-V, TRXOF-O), would later describe it, the timing of the site visit to the…
Abacus Tallies Growing Copper-Gold Resource At Ajax
VANCOUVER– It was an old box of forgotten data in the back of a mill building that changed everything for Abacus Mining & Exploration (AME-V, ABCFF-O). Now, three and a half years after finding t…
GlobeStar Undaunted By Copper’s Descent
SITE VISIT MAIMON, DOMINICAN REPUBLIC — A siren wails as GlobeStar Mining (GMI-T) chairman Larry Ciccarelli addresses a crowd of more than 200 people at the Cerro de Maimon open-pit…
TSX 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…
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…