Centamin Raising $60M For Sukari
VANCOUVER — Centamin Egypt (CEE-T, CEY-L) is raising $60 million for its 9-million-oz. Sukari gold project in Egypt through a bought-deal financing.
Articles by Northern Miner Staff
Houston Lake Grows West Cedartree
Houston Lake Mining (HLM-V, HLKMF-O) has taken another step towards realizing its ambition of developing a gold mine near Kenora, in northwestern Ontario.
TSX Venture Exchange – Jan. 20-26
As Barack Obama was inaugurated in the United States and the price of gold gained more than US$70 per oz., the S&P/TSX Venture composite index saw another week of small gains and losses. At the en…
Toronto Stock Exchange – Jan. 20-26
The S&P/TSX composite index lost 185 points, or 2.1%, to 8,657 during the Jan. 20-26 trading session, with the Capped Metals and Mining index dropping 2 points, or 0.8%, to 265; and the Capped Mat…
U. S. Markets – Jan. 20-26
U. S. President Barack Obama’s first week in the Oval Office did not calm the jitters on Wall Street. The markets continued to lose ground over the Jan. 20-26 trading period. The Dow Jones Industrial …
Rusoro Bid: An Offer Gold Reserve Shareholders Can Refuse
Less than 3% of Gold Reserve’s (GRZ-T, GRZ-X) shares have been tendered so far in Rusoro Mining’s (RML-V, RMLFF-O) hostile takeover bid, prompting Rusoro to extend the deadline another month to Feb. 1…
Acadian Subsidiary ScoZinc Gets Creditor Protection
Dramatic cost reduction measures at Acadian Mining’s (ADA-T, ADAIF-O) Scotia mine a few months ago weren’t enough to save it from collapsing zinc and lead prices.
People (February 02, 2009)
Andina Minerals — George Bee appointed president and CEO; Carl Hansen has stepped down as president and CEO.
African Copper Shuts Down Mowana
African Copper (ACU-T, ACU-L) is closing the doors on its Mowana copper mine in Botswana.
Correction (February 02, 2009)
Bard Ventures’ (CBS-V, BVTLF-O) Lone Pine project, 15 km northwest of Houston, B. C., has a measured and indicated resource of 110.3 million tonnes grading 0.083% molybdenum, totalling 201.7 million l…
The Bell Tolls For HudBay-Lundin Merger
The unravelling of the controversial HudBay-Lundin merger was the biggest mining story in Canada during the week ended Jan. 24, the third trading week of the year, as weeks of relative quiet over the …
Climate Change Issue A Web Of Complexities: OMA
— The following is an edited recap of the Ontario Mining Association’s Climate Change Workshop, a half-day seminar held Jan. 15, 2009, at the OMA’s office in Toronto.