Human geology 101
A smouldering controversy over the resettlement of villagers in South Africa to make way for the expansion of an Anglo Platinum (AMS-J, AGPPF-O) mine underscores the importance of getting relocation e…
Articles by Northern Miner Staff
Frontier rejects hostile bid by Eldorado
VANCOUVER–The board of Frontier Pacific Mining (FRP-V) is recommending that shareholders reject an unsolicited takeover bid from Eldorado Gold (ELD-T, EGO-A) valued at about $148 million, or $157 mil…
Progress for Marengo’s PNG copper-moly project
Marengo Mining (MRN-T, MGO-A) is considering the financial merit behind a 50-million-tonne-per-year copper-molybdenum open-pit mine in Papua New Guinea.
South American Silver tallies first resource
Although South American Silver (SAC-T, SOHAF-O) is pleased with an initial 50.2-million-oz. resource estimate for its Malku Kohto silverindium property in Bolivia, the company is already thinking ahea…
Tenajon focuses in on molybdenum (June 09, 2008)
VANCOUVER–With a 13-hole drill program, Tenajon Resources (TJS-V, TJRUF-O) has boosted indicated molybdenum resources at its Ajax deposit in northern B. C. by 74%.
B2Gold off to a good start at Quebradona
B2Gold’s (BTO-V, BGLPF-O) first set of drill results from its Quebradona joint-venture property in Colombia has confirmed grades from surface sampling and trenching with some near-surface intersection…
BID-ASK — MAY 27-JUNE 2, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.18 0.12 Anglo-Bomarc V 0.12 0.18 0.15 0.30 0.11…
INTERNATIONAL QUOTES (June 09, 2008)
Australia (A$) June 3 May 27 Change Bendigo Mining 0.30 0.31 -0.01 Centamin Egypt 1.38 1.42 -0.04 Croesus Mining 0.04 0.33 -0.29 Kingsgate Cons. 5.50 5.62 -0.12 Lion …
DIVIDENDS (June 09, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per share on $3.75* cmltv prf stk on July 1, rec June 13. Hecla Mining will pay $0.875* di…
LENDING RATES (June 09, 2008)
as of 9 a. m. ET, June 3, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
EXCHANGE RATES (June 09, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date June 2 May 30 May 29 May 28 May 27 US$ in C$ 1.0013 0.9942 0.9872 0.9915 0.9932 C$ in US$ 0.9987 1.0058 1.0130 1.0086 1.0068…
CANADIAN GOLD MUTUAL FUNDS (June 09, 2008)
Featured Fund: AGF Precious Metals, as of 01/31/08 (in weighted order): Kinross Gold, Goldcorp, Yamana Gold, Inmet Mining, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, High River Gold Mines, F…