North American Stock Exchange Indices (March 02, 2009)
52-week Date Feb 23 Feb. 20 Feb. 19 Feb. 18 Feb. 17 High Low S&P/TSX-Ven Comp 878.94 892.90 902.10 915.82 919.16 2814.88 678.62 TSX Composite 7647.67 7949.99 8185.35 8175.95 …
Articles by Northern Miner Staff
Daily Metal Prices (March 02, 2009)
Date Feb. 23 Feb. 20 Feb. 19 Feb. 18 Feb. 17 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1125/1155 1110/1135 1105/1149 1101/1131 1120/1…
Nickel, Precious Metals Bring Record Spending Totals
Exploration and deposit appraisal spending intentions for Manitoba are estimated to be a record $135.8 million for 2008, representing a 32% increase from the $102.6 million spent in 2007.
Mineral Production, Exploration At All-Time Highs
Mineral production in New Brunswick reached an all-time high of nearly $1.57 billion in 2007 and about $46 million is expected to be spent on mineral exploration in the province in 2008, an increase o…
New Showings, New Metals, New Concepts
Newfoundland and Labrador’s mineral industry had another busy year in 2008, with expenditures on exploration and deposit appraisal estimated at $148 million, similar to 2007 levels. The larger explora…
McFaulds Lake Discovery Spurs Staking Rush
Noront Resources’ new base metals discovery in the McFaulds Lake area in Ontario’s Far North boosted claim staking and exploration and helped Ontario reach a record number of 367,000 active claims at …
Uranium And Iron Exploration Gain Momentum In Qubec
Over the past five years, Qubec has experienced an exceptional investment climate for mineral exploration. As of Oct. 7, 2008, more than 273,000 active mining titles were registered throughout the pr…
US Beryllium Supply On The Pentagon’s Radar
The United States Department of Defense and a special Pentagon board have published a report calling high-purity beryllium a “critical material” for national security and warning that domestic sources…
Spot Prices (March 02, 2009)
COURTESY OF SCOTIABANK
First Majestic To Raise $25M
VANCOUVER–With its share price on the rebound and solid silver production in 2008, First Majestic Silver (FR-T, FRMSF-O) is raising $25 million through a private placement led by CIBC World Markets.
LME Warehouse Levels (March 02, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24, 2009 (change from Feb. 17 in brackets):
Assay Lab ‘Oops’: Northern Freegold Hits Bonanza-Grade
VANCOUVER — Northern Freegold (NFR-V, NFRGF-O) CEO Bill Harris and president Susan Craig suspected the assay results of a drill intercept from the Nucleus zone of its Freegold Mountain property in th…