Soho’s sunny results can’t thaw icy market
VANCOUVER — Like many other juniors, Soho Resources (SOH-V, SHRJF-O) continues to receive a chilly reaction from the market on the release of decent drill results.
Articles by Northern Miner Staff
Editorial: Hedge funds humbled
The past half year of plummeting commodity prices took its toll on two big-name commodity funds during the week ended Sept. 6, the 36th trading week of 2008.
China: From investee to investor
The past decade has seen China gradually shift from being a net recipient of overseas investment in the mining sector to being a net provider of mining investment overseas. Companies have to recognize…
Sherwood and Capstone to merge (September 15, 2008)
VANCOUVER — So long as shareholders at S h e rwo o d Copper (SWC-V, SWOPF-O) bless the marriage, Sherwood and Capstone Mining (CS-T, CSFFF-O) will merge to form a single company with about a half bil…
NovaGold sells Ambler, mulls further sales
Now that troubled NovaGold Resources (NG-T, NG-X) has found a buyer for the last of its non-core assets, the company says it will consider selling any of its flagship projects in northwestern British …
Breakwater joins Blue Note back at Caribou (September 15, 2008)
As tumbling prices hamper zinc producers, Breakwater Resources (BWR-T, BWLRF-O) has taken a 20% interest in Blue Note Mining’s (BN-T, BNMFF-O) Caribou zinc mine complex in New Brunswick, where product…
Castle Gold hikes El Castillo resource (September 15, 2008)
Using a higher gold price of US$625 per oz., Castle Gold (CSG-V, CSGLF-O) has increased resources at its El Castillo heap-leach open-pit mine in Durango state, Mexico, by 16% and boosted reserves by 5…
Early bird Lydian snags far-flung gems
Lydian International (LYD-T) likes to arrive early.
DIVIDENDS (September 15, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div…
EXCHANGE RATES (September 15, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate)
LENDING RATES (September 15, 2008)
as of 9 a. m. ET, Sept. 9, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …
INTERNATIONAL QUOTES (September 15, 2008)
Britain (pound)